Oh I don’t really know honestly sorry you’d have to search it up

I know stuff but not everything

Ah ok, i couldnt find it when i searched it so i was wondering if you even have it

I’m not an adult I’m a teenager so I’m not aware of dealing with finances like my parents know about that since they do bills and stuff

Same

I coukd ask my parents of the tax rate? I can tell you that taxes have definitely decreased under trumps administration as we only pay around $2000 instead of before which I’d like to think was higher

I dont remember the amount, but its fairly high. We pay someone to do our taxes

And even at 80k we get back what we pay in

Increasing taxes will do nothing but harm. Especially for minorities since well there is an income gap

ha smelly freshman

I’m a junior in highschool

I think I've found it, I dont think you have a personal allowance tho

im a sophomore

What is it? Also i wanna say thanks for having an engaging conversation with me because a lot of people like to resort to ad hominem but I appreciate the respect you’ve given to me

So in the UK you have a personal allowance of £12,500, meaning you pay 0% tax on that money

Oh so personal allowance is money they cannot touch unlike gross income?

But considering any income to be fine and able to handle more taxes is crazy. We are supposedly middle class but had so much debt that we are still paying off

does anyone play mc java here

Yeah its your untaxed bracket

And are barely a paycheck away from bankruptcy at any given time

who pinged meee

no one

if you make 12,501 do you pay tax on 1 or 12,501?

We cannot be taxed more. The young Turks think higher taxes stimulates the economy but he’s wrong. What stimulates the economy is production and consumption

Yes I think

@Nightenhelser £1

They cant touch your £12,500

Wait so you have a certain amount of income but the rest of your money has to go to taxes?

does optifine work

The young turks are.. misguided

Nah

Or is that the minimum amount of money you can have?

Unsure I’ve tried to download it but it never worked for my laptop

If you earn £12,500 or less you dont have to pay any tax

ok

My favorite segment is Cenk breaking down the second amendment as if he’s smart <:KEK:726877368601411624>

Ohhh

Oh god. I shouldn't have asked my husband. Im getting a lecture about withholdings

What’s that?

How much is automatically paid into taxes

But if you earn £20,000, you pay tax on the £7,500 which goes over that £12,500 @𝒫𝓇ℯ𝓈𝒾𝒹ℯ𝓃𝓉