Reply to: Which of the CUK members was on Question Time?

[JohntheBike]

The problem is that as social animals we tend to hang around with like-minded and economically similar people.

Our social bubbles are restricted to others that have a similar outlook and similar incomes. The bloke on tv that thinks that £80k is an average income probably thinks that because within his social circle it is average.

It’s also why certain posters think that “austerity has ended”. For them and their peers it probably never really began.

Our social bubbles are restricted to others that have a similar outlook and similar incomes

agreed, but I'm the poor relation in my bubble.

[meridian]

Which of the CUK members was on Question Time?

I am in the top 98% and I still feel poor most weeks...

The problem is you look upwards not down. Its not wanting what others have got. Its wanting what you have got.

Life is like climbing a tree with others. Looking up you just see 4rseholes.

The problem is that as social animals we tend to hang around with like-minded and economically similar people.

Our social bubbles are restricted to others that have a similar outlook and similar incomes. The bloke on tv that thinks that £80k is an average income probably thinks that because within his social circle it is average.

It’s also why certain posters think that “austerity has ended”. For them and their peers it probably never really began.

[BrilloPad]

I am in the top 98% and I still feel poor most weeks...

The problem is you look upwards not down. Its not wanting what others have got. Its wanting what you have got.

Life is like climbing a tree with others. Looking up you just see 4rseholes.

[dx4100]

I am in the top 98% and I still feel poor most weeks...

[eek]

Why “after tax salary”?

If it’s stats you want, click through the BBC page to HMRC’s own figures.

General election 2019: Does GBP80,000 put you in the top 5% of earners? - BBC News

Percentile points from 1 to 99 for total income before and after tax - GOV.UK

The BBC posted an update to that - due to wage inflation between when those figures were published and today the 95 percentile is now 81,000 or so.

[meridian]

Complete load of wank.

If you look at earnings before tax £80k may be in the top 5%
If you look at the the top tax payers, £80k is so far away from 5% it's fu cking laughable.

And if you look at who pays % of tax, it's completely laughable!

Lies, damn lies and statistics.

You haven’t provided any of the third one, but at least you provided plenty of the first two.

Earnings before tax of £80k is in the top 5%.

If you look at who pays tax, the top 10% of earners pay 27% of the tax take. Because they take in 27% of the gross income of the country. The lowest-paid in the country don’t pay income tax, but they are disproportionately hit by VAT, which evens things out.

[BrilloPad]

Thank goodness all our politicians have a good grasp of numbers.....

[MarillionFan]

Complete load of wank.

If you look at earnings before tax £80k may be in the top 5%
If you look at the the top tax payers, £80k is so far away from 5% it's fu cking laughable.

And if you look at who pays % of tax, it's completely laughable!

Lies, damn lies and statistics.

[BR14]

WGAFF??????

[meridian]

Ok so it includes the potential for other income above after tax salary - do you have a better stats to point to?

Why “after tax salary”?

If it’s stats you want, click through the BBC page to HMRC’s own figures.

General election 2019: Does GBP80,000 put you in the top 5% of earners? - BBC News

Percentile points from 1 to 99 for total income before and after tax - GOV.UK

[Major Hassle]

Doh! Because we're talking about the percentiles of "earnings" not wealth.

Ok so it includes the potential for other income above after tax salary - do you have a better stats to point to?

[sasguru]

Yes I know, what’s the problem with that?

Doh! Because we're talking about the percentiles of "earnings" not wealth.

[Major Hassle]

Your link is for household income.

Yes I know, what’s the problem with that?

[Old Greg]

Actually at 80k before tax he’s in the top 23% not the top 5%, lack of research made him look like a numpty. Where do you fit in - Institute For Fiscal Studies - IFS

Your link is for household income.

[Major Hassle]

Actually at 80k before tax he’s in the top 23% not the top 5%, lack of research made him look like a numpty. Where do you fit in - Institute For Fiscal Studies - IFS