Nice2023:
If you earn form 50k pounds downwards you pay only 20% tax

If you earn from 51k pounds to 125k pounds you pay 40% tax.

So you rather remain at 49k than accept 50/60k pounds salary.

Nice2023:
If you earn form 50k pounds downwards you pay only 20% tax

If you earn from 51k pounds to 125k pounds you pay 40% tax.

So you rather remain at 49k than accept 50/60k pounds salary.

pedel:
False information.
You pay 0% tax on the first £12,570. 20% basic rate tax on the part of your income which falls into the next tax bracket (£12,571 up to £50,270). This means you'll pay 20% tax on £37,700.
Anything you earn above £50,271 to £125,140, is taxed at 40%.
Your income over £125,140, is taxed at 45%.
That's why you see those footballers with fleets of expensive cars. That is where they put all their earnings to avoid paying big taxes.

Rickmann:


You can't be using the American taxation system to analyze that of Britain, it's not even close to being the same pls.

Nice2023:
If you earn form 50k pounds downwards you pay only 20% tax

If you earn from 51k pounds to 125k pounds you pay 40% tax.

So you rather remain at 49k than accept 50/60k pounds salary.

pedel:
You are not very intelligent.
I work and live in England. I pay my taxes here.
Furthermore, I don't want to call you a fool, not because you are not one, but because it will violate Nairaland 2nd rule.

BloomingDale:
Leke Agba the liar. 20% will be paid on the first 50,000 and 40% will be paid on the rest, which is 1000. Some amount should be tax free though (probably the first 10,000 or so). I used the American tax system. Should not be much difference, just the amt will defer.

pedel:
False information.
You pay 0% tax on the first £12,570. 20% basic rate tax on the part of your income which falls into the next tax bracket (£12,571 up to £50,270). This means you'll pay 20% tax on £37,700.
Anything you earn above £50,271 to £125,140, is taxed at 40%.
Your income over £125,140, is taxed at 45%.
That's why you see those footballers with fleets of expensive cars. That is where they put all their earnings to avoid paying big taxes.

pedel:
You are not very intelligent.
I work and live in England. I pay my taxes here.
Furthermore, I don't want to call you a fool, not because you are not one, but because it will violate Nairaland 2nd rule.

pedel:

Your income over £125,140, is taxed at 45%.
That's why you see those footballers with fleets of expensive cars. That is where they put all their earnings to avoid paying big taxes.

pedel:
False information.
You pay 0% tax on the first £12,570. 20% basic rate tax on the part of your income which falls into the next tax bracket (£12,571 up to £50,270). This means you'll pay 20% tax on £37,700.
Anything you earn above £50,271 to £125,140, is taxed at 40%.
Your income over £125,140, is taxed at 45%.
That's why you see those footballers with fleets of expensive cars. That is where they put all their earnings to avoid paying big taxes.

pedel:
False information.
You pay 0% tax on the first £12,570. 20% basic rate tax on the part of your income which falls into the next tax bracket (£12,571 up to £50,270). This means you'll pay 20% tax on £37,700.

Anything you earn above £50,271 to £125,140, is taxed at 40%.

Your income over £125,140, is taxed at 45%.
That's why you see those footballers with fleets of expensive cars. That is where they put all their earnings to avoid paying big taxes.

Princewill1:
Yesterday I opened a thread on "11 Reasons Why You Should Not Japa From Nigeria"

Reason No. 11 has something to do with this topic. Let me quote it below:

11.) No Rat Race Or Extreme Taxation In Nigeria:

You will labour abroad for a month and the rigged system will use high taxation, high cost of living and the scam credit system to return everything back to the system in order for you to repeat the circle again. In order for you to put food on your table and not to be homeless on the cold streets, you will have no option than to keep repeating the circle until the time you will finish your term of slavery due to old age, then your children will start where you stopped, the circle continues.

Truth is, the entire world is controlled by the globalists in the West, the further away you're from the West and it's entanglements the freer you will become. If the 1% elite in the West removes the rigging in the system you will be able to secure enough bags and retire early. But they stands to lose if people starts retiring early, they need your manpower for a longer period of time to maintain their industries and establishments. This explains why the more income you earn there, the more rediculous taxes you pays because the system is continously gauging you and tax system (one of it's tool of control) is strictly and heavily guided, defaulters risk jail term. You are not be allowed to get enough bag in order not for you to start thinking of excaping the slave camp early until you finish your term of slavery.

This is one of reasons why rich and exposed Nigerians don't fancy living abroad. Even most African ex-footballers returns home immediately after the end of their career in Europe. An average Nigerian coming from lack, hunger and extreme poverty and who is daydreaming of Japa won't be able to see this anomaly.

Living in Nigeria will provide you the opportunity to excape Matrix.

Nice2023:
If you earn form 50k pounds downwards you pay only 20% tax

If you earn from 51k pounds to 125k pounds you pay 40% tax.

So you rather remain at 49k than accept 50/60k pounds salary.

Nice2023:
If you earn form 50k pounds downwards you pay only 20% tax

If you earn from 51k pounds to 125k pounds you pay 40% tax.

So you rather remain at 49k than accept 50/60k pounds salary.

pedel:
False information.
You pay 0% tax on the first £12,570. 20% basic rate tax on the part of your income which falls into the next tax bracket (£12,571 up to £50,270). This means you'll pay 20% tax on £37,700.
Anything you earn above £50,271 to £125,140, is taxed at 40%.
Your income over £125,140, is taxed at 45%.
That's why you see those footballers with fleets of expensive cars. That is where they put all their earnings to avoid paying big taxes.

Nigerfine3:

Wawu
Calling him a fool was better for him sef 😏 😂

pedel:
False information.
You pay 0% tax on the first £12,570. 20% basic rate tax on the part of your income which falls into the next tax bracket (£12,571 up to £50,270). This means you'll pay 20% tax on £37,700.
Anything you earn above £50,271 to £125,140, is taxed at 40%.
Your income over £125,140, is taxed at 45%.
That's why you see those footballers with fleets of expensive cars. That is where they put all their earnings to avoid paying big taxes.

Nice2023:
If you earn form 50k pounds downwards you pay only 20% tax

If you earn from 51k pounds to 125k pounds you pay 40% tax.

So you rather remain at 49k than accept 50/60k pounds salary.

Nice2023:
If you earn form 50k pounds downwards you pay only 20% tax

If you earn from 51k pounds to 125k pounds you pay 40% tax.

So you rather remain at 49k than accept 50/60k pounds salary.

Nice2023:
If you earn form 50k pounds downwards you pay only 20% tax

If you earn from 51k pounds to 125k pounds you pay 40% tax.

So you rather remain at 49k than accept 50/60k pounds salary.