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Income Tax Loophole Discussion

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This thread is for discussing the Pay no income Tax Loophole article

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Comments

  • njsb14
    njsb14 Posts: 82 Forumite
    Good April Fool, especially with the huge number of people receiving the weekly e-mail.

    There is a loophole in your loophole.

    Just earn no income in the first place, then you will definately not have to pay any tax!
  • I think no income counts as the 'earn under £6475' threshold.:T
    Loves to save money - loves MSE. :j
    £2 coin savings - £128 Total debt £9,611 and falling
  • lol good one Marty
    Help me to help you :santa2:
  • MSE_Martin
    MSE_Martin Posts: 8,272 Money Saving Expert
    Part of the Furniture 1,000 Posts Combo Breaker
    Glad you liked it...

    Never easy these things... as i think on a site like this, making stuff up is bad, so it had to be something where it was all factually correct.

    Plus then I worried "will someone who doesn't earn the threshold be offended" so I hope I wrote it carefully so that won't happen.

    I think the calculator really makes it though :)

    Martin
    Martin Lewis, Money Saving Expert.
    Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.
    Don't miss out on urgent MoneySaving, get my weekly e-mail at www.moneysavingexpert.com/tips.
    Debt-Free Wannabee Official Nerd Club: (Honorary) Members number 000
  • jamtart6
    jamtart6 Posts: 8,302 Forumite
    I was about to call for a knighthood for you as I start my first tax-paying job tomorrow (unless that was an April fool too!:think:) and would have loved NOT to be robbed by the tax man for 2009/2010, but alas I think it'll have to be a mere MBE or OBE or whatever the next down the line is :p

    Excellent April Fool!

    :ABeing Thrifty Gifty again this year:A

  • MORPH3US
    MORPH3US Posts: 4,906 Forumite
    1,000 Posts Combo Breaker
    I am not impressed.... :mad: :mad:

    Martin should be fired for this... what a childish joke :mad: :mad:












    ONLY JOKING!!!!! :D

    Although since its not April 1st yet isn't the fool back on you :confused::D
  • tiff
    tiff Posts: 6,608 Forumite
    Part of the Furniture Combo Breaker Savvy Shopper!
    I fell for it!
    “A budget is telling your money where to go instead of wondering where it went.” - Dave Ramsey
  • So_Sad_Angel
    So_Sad_Angel Posts: 7,363 Forumite
    :rotfl: :rotfl: :rotfl: Great way to educate everyone on the income tax threshold level !!

    Good one Martin,:D

    Angex
  • hayley11
    hayley11 Posts: 7,627 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    :rotfl: :rotfl: :rotfl: Naughty naughty MSE!! :rotfl: I was so excited then thinking of all the money we could save :rolleyes::rotfl:

    I bet nearly everybody who gets the email will click on that because everybody hates paying tax!! :rotfl:

    If people read it after 12pm - you're the fool :p:D
    :heart: Think happy & you'll be happy :heart:
    I :heart2: my doggies
  • aloiseb
    aloiseb Posts: 701 Forumite
    Part of the Furniture Combo Breaker
    ok ok, I clicked on it....very good.....
This discussion has been closed.
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