Income and National Health Tax in the United Kingdom

[GHook93]

HM Revenue & Customs: Income Tax allowances

Taxes in the UK are interesting. Basically they have 4 tax brackets and then every gets taxed at 22% after that for NHS. There are exemptions and deductions just like we have here in the US.

Brackets (in pounds):
0 - 32,010 ($51K) = 20%
35K - 150K ($240K) = 40%
150K+ = 45%

Then what remains they get taxed at 22%.

For example say you in are in second trier level at 50k pounds (such undr $80K a year). Take out deductions for the moment.

50k x 40% = 30K pounds in gross take home. From there an addition 22% is taken out. So your take home would be 23,400 pounds. So for NHC you pay 6,600 pounds a year. That is $10,500 a year for insurance (or $875 a month) and if your spouse works, she gets taxed also.

That free insurance isn't so free.

 

[Freemason9]

HM Revenue & Customs: Income Tax allowances

Taxes in the UK are interesting. Basically they have 4 tax brackets and then every gets taxed at 22% after that for NHS. There are exemptions and deductions just like we have here in the US.

Brackets (in pounds):
0 - 32,010 ($51K) = 20%
35K - 150K ($240K) = 40%
150K+ = 45%

Then what remains they get taxed at 22%.

For example say you in are in second trier level at 50k pounds (such undr $80K a year). Take out deductions for the moment.

50k x 40% = 30K pounds in gross take home. From there an addition 22% is taken out. So your take home would be 23,400 pounds. So for NHC you pay 6,600 pounds a year. That is $10,500 a year for insurance (or $875 a month) and if your spouse works, she gets taxed also.

That free insurance isn't so free.

No, your calculations are completely wrong. You apparently don't even understand how marginal rates work.

 

[Norman]

HM Revenue & Customs: Income Tax allowances

Taxes in the UK are interesting. Basically they have 4 tax brackets and then every gets taxed at 22% after that for NHS. There are exemptions and deductions just like we have here in the US.

Brackets (in pounds):
0 - 32,010 ($51K) = 20%
35K - 150K ($240K) = 40%
150K+ = 45%

Then what remains they get taxed at 22%.

For example say you in are in second trier level at 50k pounds (such undr $80K a year). Take out deductions for the moment.

50k x 40% = 30K pounds in gross take home. From there an addition 22% is taken out. So your take home would be 23,400 pounds. So for NHC you pay 6,600 pounds a year. That is $10,500 a year for insurance (or $875 a month) and if your spouse works, she gets taxed also.

That free insurance isn't so free.

Erm, the NHS costs like 8% of gdp (just on the top of my head). Why would it need a 22% tax (or a bit less)?

Obviously, this is not the case. Also like the above poster said, even the marginal tax calculation is wrong. Taxing is not usually done (and certainly not in UK) as crazily as something like obamacare, where it's all or nothing.

 

[Rshermr]

HM Revenue & Customs: Income Tax allowances

Taxes in the UK are interesting. Basically they have 4 tax brackets and then every gets taxed at 22% after that for NHS. There are exemptions and deductions just like we have here in the US.

Brackets (in pounds):
0 - 32,010 ($51K) = 20%
35K - 150K ($240K) = 40%
150K+ = 45%

Then what remains they get taxed at 22%.

For example say you in are in second trier level at 50k pounds (such undr $80K a year). Take out deductions for the moment.

50k x 40% = 30K pounds in gross take home. From there an addition 22% is taken out. So your take home would be 23,400 pounds. So for NHC you pay 6,600 pounds a year. That is $10,500 a year for insurance (or $875 a month) and if your spouse works, she gets taxed also.

That free insurance isn't so free.

Ynow, people put out posts that are total lies. Just as you have, me boy. Here are the costs of HC by the UK and the US:
United Kingdom 9.6% of GDP $3480 per capita total spending on health care.
United States 17.9% of GDP $8362 per capita total spending on health care.
Healthcare spending around the world, country by country | News | theguardian.com

The numbers are readilly available. Easy even for a tool like you to find. But instead you post lies. It is so easy to discredit you, it is really not worth the trouble.

These numbers are for 2012, and show how well our private health care controls costs. We had ONE COUNTRY IN THE WORLD WITH HIGHER HEALTH CARE COSTS THAN US. The Marshall Islands, for christ sake. One country out of over 200 countries in the world. And our costs for HC are about twice that of the average industrialized nation in the world. Get it yet???? You are posting such incredibly incorrect dogma that it is hard to believe anyone is that much of a tool. But then, there you are. Dipshit.

However, every con in the nation is lapping up the bs coming from the bat shit crazy con web sites. Sad. I have long since quit being surprised. Every time I see posts like yours, I am tempted to find a source to disprove it. And it is pretty simple. But still, I just wasted 5 minutes proving you wrong.

By the way, dipshit. No one EVER suggested that anyone's health care was free. Just another lie by you. It is, you see, paid by the insured. Either through single payer systems (most of the world) or some other mechanism. We just pay way more than any other nation.