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Tom McCallum
28.8K posts
Tom McCallum
@TomCayman
Rarely here anymore
London, England Katılım Ağustos 2008
2.8K Takip Edilen2K Takipçiler
@GuerillaEcon @GenTXer2 I believe the generational phrase may be WTAFF??
English
@DanNeidle @TheSecretAcct Ad hominem insult based a) on how she looks and b) imagining (wrongy) that she lives in Dubai by @TheSecretAcct and "fair" by @DanNeidle. Come on, folks, you are better than that.
English
Another rubbish piece of Influencer tax advice - from "thelondonaccountant" on TikTok. She says you can use the £50 "trivial benefit" rule to take six £50 vouchers from your company tax free.
When I last checked, 6 x £50 = £300
This is obviously a £300 benefit. Not permitted.
English
I adore dogs, grew up with them, would love one, yet am in a phase of life where I travel a lot and, with grown children, a dog at home would be limiting to me and unfair to the dog.
Ricky Gervais@rickygervais
@chippychop_ I travel too much as I’m always on tour and I believe if you own a dog you should give it the best life possible and play with it everyday for 15 years.
English
"We will never know". Hmm. I'm just inside GenX (1965). I was in competitive sports until my late 30s, so running and gym were always part of my training, then I got into cycling when I was older. Still, never used music at all, particularly when outdoors, prefer the peace.
John Loeber 🎢@johnloeber
Before the ~1980s, there was no portable music player. You’d go running, rowing, cycling, whatever, for hours on end, in total silence, no sound other than your own thoughts. How did they do it? We will never know
English
Before the ~1980s, there was no portable music player. You’d go running, rowing, cycling, whatever, for hours on end, in total silence, no sound other than your own thoughts. How did they do it? We will never know
English
@NathanO20583703 @johnloeber Each to their own. I'm a "just inside GenX"-er (1965), I played competitive sports until my late 30s, so running and gym were always part of my training, then I got into cycling when I was older. Still, never used music at all, particularly when outdoors, prefer the peace.
English
As an old Gen-Xer, I will add that I don't remember running or cycling for it's own sake being much of a thing back then. There were a few, sure, but the vast majority of people were riding bikes to get somewhere, or running because they were late 😆I don't remember gyms being much of a thing either, outside of athletes or bodybuilders.
English
Went to a quiz yesterday and this great question was the last one.
Which player has played in all 4 of these derbies?
English
@MerrynSW Often forgotten is that those who work through a limited company can easily pay over 65% if they reach the higher rate tax level (26.5% margins CT plus 39.35% dividend tax).
English
We often try and add up the total tax take from a top rate payer. Depending what you add in (stamp duty/passenger duty/lux car tax or not etc) it is usually between 60 and 70%. Which is insane.
London HENRY 💷@londonHenryGB
Those asking for the maths: On a £150k salary in the UK (with a Plan 2 student loan): Income tax: £50,328 National Insurance: £5,011 Student loan: £11,043 (say what you want but an MP has said they use the interest for general government spending) Direct deductions: £66,382 Then add: Council tax: £3,600 Road tax: £500 Stamp duty: £10,000 Fuel duty (~£300/mo fuel): ~£1,600 Estimated VAT: ~£11,000 Total tax: ~£93,000 From £150k earned, roughly £57k actually ends up in your pocket. It then costs me £700/month (£8,400/year) just to travel to work — from post-tax income. After that, I'm left with about £48k of actual usable money. Effective tax rate: ~62% (≈68% including cost just to get to work).
English
Anecdotes are not data. According to @metpoliceuk c120,000 phones snatched annually.
c9mm ppl live in London, plus over 20mm visitors annually, so roughly 0.4% of people, or 1 in 250, get their phones snatched in a year.
Still far too many, but facts are useful.
Tom Harwood@tomhfh
My producer had her phone stolen over the weekend. This kicked off a conversation amongst the whole team, reminiscing when our phones were stolen. Every one of us could relate. Everyone had a story of a time someone effectively swiped £1000 from them. This shouldn't be normal.
English
Awesome thread and I love being a subscriber to Mike's substack. Everything is, truly, amazing!
Mike Sowden@Mikeachim
A while back, I learned something mindblowing about the geological history of the Mediterranean Sea, and I just can't get it out of my head. Now I'm going to make it *your* problem too. Sorry. Hang onto your hat. This gets wild. 1/
English
@GuerillaEcon Felt for you last night. Grim to see people walking out at half time.
English
@rorysutherland Agreed, if you have enough hotel rooms to "stack the plates in the dishwasher" with yield management (speaking as an ex-hotelier).
English
The price by the night model is probably outdated. You should be able to book hotel rooms "by the hour" for non sexual purposes. Provided people were prepared to commit to an arrival and departure time in advance, it could work.
Dandanmusicman 🎶@dandanmusicman
@rorysutherland Rory there is definitely a gap in the market for a hotel letting you check in at noon. Most places seem to be 3pm these days. I just booked an LA hotel which Is 4pm check in! If hotels gave you a cheaper room to be vacated by 9 or 10am, many people would take that option.
Belfast, Northern Ireland 🇬🇧 English
@FraserNelson Statistically that looks like a lot of gaming the system. Unfair to those who don't need it, also unfair to those who do genuinely need it (eg those with dysgraphia, dyslexia), for whom extra time can be a real game changer.
English
@financial_shaw If I had any hair, I'd tear it out. Personal finance literacy is such a vast educational gap. Right, off to "buy" a Porsche Taycan at £1,500 per month on something called "PCP".
English
If one more person tells me their mortgage interest is front-loaded, I'm going to set fire to my qualifications.
Interest is charged on the outstanding balance. Every single day. That's it. That's the whole system.
The reason you pay more interest early on is because YOU OWE MORE MONEY EARLY ON. 👉
English
@rorysutherland @Stephen_Britt @LondonCityAir Of course you likely don't live next to Sevenoaks station, but you are saving only 20 minutes compared to public transport. Having spent decades living somewhere with zero public transport, now I live in London that is well within my "I'll not take the car" time gap ;)
English
@Stephen_Britt @LondonCityAir Since the Silvertown Tunnel opened, it's 40 mins drive from Sevenoaks. And a further 10 minutes to the plane!
English
Feeling extravagant? The best luxury experience isn't a 5* hotel any more it's the new Premium Parking at @LondonCityAir
City of London, London 🇬🇧 English
@GuerillaEcon This line in the @ShippersUnbound piece shouts loudest to me: "He’s completely incurious. He’s not interested in policy or politics." In my work with leaders, curiosity is the key attribute, then bravery. I've said since the election that it appears that Starmer has neither.
English
If you’ve got the subscription this is really good, and this is part of the reason why you’re so miserable, thwarted in your activities at work and finding yourself with little space outside it.
Rory Sutherland@rorysutherland
My Wiki Man this week. spectator.com/article/the-re…
English
@GuerillaEcon Ok, I caved, signed up to read this, plus @ShippersUnbound article on Starmer yesterday
English
@TomCayman I only know the Ness buses, school bus at 3.40 another at 6pm.
It’s nothing about employee entitlement, it’s about pointless offer by Scot Gov!
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