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[ThaiPauly]

Alistair Darling has announced today's Budget that anyone earning over 150 grand a year will have to pay 50% tax

Good for him......that means that our ailing economy will be bolstered by millions of pounds from Premier League and Championship footballers.

I don't know if players in the lower leagues earn that much ?

But certainly the Ronaldo's Rohino's and Ferdinand's. Lampard's, and Terry's are gonna have to dig a bit deeper.

But hold on a minute.....

What happens then? ...they ask for a new and improved contract to offset the tax hike ..so the club has to hike the price of addmission and everything in the merchandise stores. As the rate won't apply till April 2010 they will have plenty of time to make the necassary adjustments.

In the end...its the supporter that will have to pay their tax hike...not the players.

[MSingh]

Praise the Lord, a step in the right direction & it will open a whole new can of Worms with the points you make Pauly..

[ThaiPauly]

I did a quick calculation.

If a player is currently earning 150,000 a week = 60,000 a month , at present he would be paying 40% = 60,000 a month.

After April next year he will have to pay an extra 15,000 a month = 180,000 a year.

There may be 20 players in the EPL earning that so thats an extra 3.6m a year just from them, and there certainly is not a player in the EPL on less than 10 grand a week= half a mil a year near enough and there are hundreds of the buggers, and they WILL HAVE TO PAY...an extra 50k a year

Poor chaps !!

My heart bleeds

[PhilHarries]

Fine sentiments but you can bet your bottom dollar those guys aint paying tax under PAYE. They'll be operating under a limited company paying themselves a minimum wage plus dividends to themselves and WaGs, relatives etc etc plus claiming tax relief on "business" expenses.

[sanmiguel]

Fine sentiments but you can bet your bottom dollar those guys aint paying tax under PAYE. They'll be operating under a limited company paying themselves a minimum wage plus dividends to themselves and WaGs, relatives etc etc plus claiming tax relief on "business" expenses.

I believe they cant do this for actual club earnings but probably for their sponsorship payments they do. Remember John Risse's payslip being shown in the paper last year he was most definitely getting stung by the taxman.

At Arsenal they once tried paying bonus's in gold or similar assets, to a company in Jersey set up for the players but again this was said to be illegal.

Presumably theyll be raising taxes in Spain (which is worse off then England), Germany and Italy to pay off their huge debts so i wouldnt have thought it'll make them less attractive to the top stars.

Im proud to say despite being from a family of people who used to blindly vote Labour as their father before him did and his father before him and so on and so forth, ...... that i have never voted for these crooks, commies and brainless fcukers.

Recommend reading Robert Prestons book "Who Runs Britain" regarding tax scams set up by Flash Gordon and NuLiebour, for their bankster and Private equity mates.

Edited April 23, 2009 by sanmiguel