Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Lesley Ives wrote:Barry, what hourly rate do you consider as fair?
I set no rate, the fair rate is what a willing potential employee is willing to accept and a willing employer to pay.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Alexander D wrote:Barry, one way to become quickly rich is to establish one's own wages with other people's money, pay oneself top salaries and add a three-fold bonus to it.
Money that should go to share-holders as dividends goes to chief executives as excessive top salaries and bonuses.
The Government doesn't change this, because a 50% tax rate is levied on top salaries and bonuses, so half the money detracted from share-holders by chief executives goes to the Treasury.
In this way, the money-grabbers and the Government work together to rob the People and go 50-50.
Carpet-baggers!
You do not make any sense at all here Alexander.
Ross Miller
- Location: London Road, Dover
- Registered: 17 Sep 2008
- Posts: 3,706
Whilst you and I will argue this one Barry at least we get where the other is coming from
I regularly struggle to make sense of Alexanders posts, I know what each word means, but when put together?????
"Dream as if you'll live forever. Live as if you'll die today." - James Dean
"Being deeply loved by someone gives you strength,
While loving someone deeply gives you courage" - Laozi
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
how about 20 quid an hour barry,with a 40 hour works contract.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
40 hours every week brian?
sounds a bit harsh to me.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
only fair do's howard,much better than a zero hour contract.
ps,they do get weekends off.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Presumably Barry and Ross have never heard of top salaries, bonuses and 50% tax rates.
The chief executives of share companies take the dividends for themselves, and then go 50-50 with the Treasury.
So the Government is beholden to theft, as a means of tax income.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Indeed, the chief executives are beholden to the Government, which protects them.
They're "all in it together".
Ever since the Coalition came in and started on a spree of job-axing, spending cuts and council budget cuts,, chief execs of the FTSE 100 and the top banksters have been dealing themselves lavish wage increases topped with huge mind-boggling bonuses.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Once a share company has paid tax on its profits, the remainder should go on dividends to the shareholders.
But these dividends are detracted and paid out to the share company directors instead in the form of bonuses, on top of their salaries, and this way the Treasury can tax the bonuses at 50%.
This is how the Treasury diverts people's dividends and converts them into tax: by going 50-50 with the company executives.
So of-course, in order for this to function, there need to be millionaire banksters and other top-floor execs.
Another way to grab people's money is to allow extortionate interest rates:
Desperate people pay 40% a month interest, and the loan sharks pay 50% tax on their profits.
So 50% of interest paid to loan sharks goes into the Treasury.
For this to function, there must be millionaire money-lenders, it's a 50-50 business with HM Treasury. Simples!
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Ross - absolutely right.
Alexander - you really are full of the most naive student like theories about the real world of business, to put it as kindly as possible. A world of your own.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
well that's a zero comment barry.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
There has to be something worth commenting on Brian and right now I just do not have the time to get involved in pulling apart Alexander's fantasy, off to London shortly for lunch.....
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
not worthy of a comment barry.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
From HM Revenue and Customs
"Bonuses
If your employer pays you a bonus, it's just part of your pay for the job - and you'll pay tax and National Insurance contributions on it through PAYE. Your employer includes it on your payslip with the rest of your pay."
So do bankers and FTSE 100 chief executives pay tax on their bonuses?
If so, then 50% of it has been wandering straight into HM Treasury.
Same would apply for profits made from money-lenders.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
"In December 2009, the UK government announced in its pre-budget report its intention, during the first five months of 2010, to tax bonuses paid in this way by 50%. "
From Wikipedia.
Also:
" 'Staff in banks who appropriate revenue in ludicrous bonuses which should otherwise go to strengthen the banks' capacity to resist write-offs, panics and bank-runs are in effect stealing from their customers, shareholders and the government,' commented Will Hutton, executive vice-chair of The Work Foundation (formerly the Industrial Society), in The Guardian."
Stealing from their customers and shareholders is the correct term, as Will Hutton wrote.
And as we can see, the bankers go 50-50 with the State Treasury (50% tax on bonanza bonuses).
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
i doubt that loan sharks pay any tax at all, most are very relaxed about paperwork, usually consists of a small book that fits into an inside pocket.
DT1- Location: Dover
- Registered: 15 Apr 2008
- Posts: 1,116
What's wrong with loan sharks?
They set their own rate that people are prepared to pay, therefore this is perfectly acceptable.
A good example of a market regulating itself without the nasty and oppressive intervention of the state.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
they also manage to keep overheads low as any responsible business should.just as an example the credit control departments usually consists of a big ugly bloke with a dog.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Payday money lenders certainly do pay tax.
Certainly a portion of the interest paid to them goes on tax to HM Treasury.
The Tories might have said "we're all in this together", but the Government knows where a significant amount of tax intake comes from: people's debts and bankers' bonuses.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
alex
there is a marked difference between a loan shark and a pay day lender, the latter tend to leave their customers knee caps alone.
