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Debate House Prices


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What's your Household Income?

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Comments

  • the_flying_pig
    the_flying_pig Posts: 2,349 Forumite
    Final position...

    If so it'd have been better to leave the word "gross" out of the thread title.
    FACT.
  • michaels
    michaels Posts: 29,527 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 29 April 2012 at 7:31PM
    But the tax credits and child benefit are not taxed so my net and somebody else with 32k gross might be very different.

    How about the money I make by maxing out the mortgage and putting the money into a savings AC which pays a higher rate? Should I just estimate the net on this?

    Topcashbcack, halifax rewards and credit card cash back does that count? How about the 100% cashback on my mobile phone contracts, net cost is zero but gross income is about 1k pa.
    Right.

    So roughly 32K gross income.

    Is that the option you voted?
    I think....
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Right.

    So roughly 32K gross income.

    Is that the option you voted?

    If you are adding tax credits, woulld you not gross the up for tax?
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • thorsoak
    thorsoak Posts: 7,166 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    OK - so this pensioner has an income of under £15k, a mortgage-free home, but no capital.

    This pensioner also pays tax on income over the tax-free allowance!

    Income consists of wage (21 hrs @nmw) + basic state pension + private pension. Sole additional benefit is 25% single-person ct discount.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    StevieJ wrote: »
    If you are adding tax credits, woulld you not gross the up for tax?

    Not really, as we're not trying to establish net income. Which may vary by work, tax or benefits status.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • chewmylegoff
    chewmylegoff Posts: 11,469 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    74 people have voted now. !!!!!!? There's only about 9 people who ever come here!
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    Not really, as we're not trying to establish net income. Which may vary by work, tax or benefits status.

    Oh, i though it was gross. I have inadvertantly impinged on the integrity of poll results. Am i imagining it said gross initially?
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    74 people have voted now. !!!!!!? There's only about 9 people who ever come here!

    and 4 of them are Sibley, hang on a minute that means there's just you, me, Sibley and 3 others.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Oh, i though it was gross. I have inadvertantly impinged on the integrity of poll results. Am i imagining it said gross initially?

    It's gross income. ie, before tax and including any other income.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • purch
    purch Posts: 9,865 Forumite
    View Poll Results: What's your gross household income?

    I think that something appears to have been altered.
    'In nature, there are neither rewards nor punishments - there are Consequences.'
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