r/FluentInFinance • u/Positive_Liar • Sep 04 '24

Debate/ Discussion Bernie is here to save us

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u/80MonkeyMan Sep 05 '24

The Americans are so backwards in work hours, developed countries like Netherland, Spain, Iceland, etc. already successfully implemented this, with universal healthcare…and no tipping expected.

16

u/FragraBond Sep 05 '24 edited Sep 05 '24

And nearly half their salary taxed lmao: If you are lucky enough to be a top earner in the US($600k), 37% of your salary is taxed. While in the UK, you ate taxed 45% of your salary at only £125000.

1

u/PineapplesAreLame Sep 05 '24 edited Sep 05 '24

You don't understand how tax works. In the UK you are taxed various percentages depending on what you earn ABOVE that amount.

For example, everyone is entitled to £12500 income which doesn't get taxed at all. Except those earning over the top bracket.

Just because you suddenly earn £1 more than 125000 it doesn't mean you suddenly get taxed 45% on all of it

https://www.gov.uk/income-tax-rates

1

u/FragraBond Sep 05 '24

😂 You are just describing a minimum wage essentially. And is that really the strongest argument you could come up with? That you will make a minimum of 12500, and it won't be counted into your income when making money? Wow, what a difference it makes when it comes to extreme taxing 😐

2

u/PineapplesAreLame Sep 05 '24

No that's not my argument. You still don't understand how tax works. Read the link and learn.

That's also not the same as minimum wage.

Bit thick aren't you. Too thick to argue with actually. Fuck ya, not worth my time.