Lewis Hamilton
Discussion
leef44 said:
768 said:
Graveworm said:
DeltonaS said:
The vast majority of people don't make much money. Even if a small percentage of his vast income is taxed in the UK it's still enough to be part of the top X%. For instance 1% of 40m is still 400K.
https://www.icaew.com/technical/tax/personal-tax/i...
The top 1% of income tax payers in the UK is made up of 310,000 individuals with a taxable income of at least £160,000 – but to be in the top 0.1%, that income must be nearly £650,000.
But 0.01 is smaller than 0.1 last time I checked. . . . by a factor of 10 IIRC .. https://www.icaew.com/technical/tax/personal-tax/i...
The top 1% of income tax payers in the UK is made up of 310,000 individuals with a taxable income of at least £160,000 – but to be in the top 0.1%, that income must be nearly £650,000.
If you have to pay more tax than that before you can express an opinion that could even rule out a couple of people on PH. ‘What people don’t realise is that I pay tax here, but I don’t earn all my money here. I race in 19 different countries, so I earn my money in 20 different places and I pay tax in several different places, and I pay a lot here as well.’
So he "earns" money in 19 diff. countries, but he says he pays taxes in several different places.
Which is his Mercedes contract, sponsorship deals and endorsements, He no doubt has set up other companies to accomodate his other activities (clothing. music, jet). His fomer jet for instance was part of jet leasing structure between entities in the Virgin Island and the Isle of Man.
https://amp.insider.com/how-lewis-hamilton-avoided...
Edited by DeltonaS on Tuesday 28th July 23:01
DeltonaS said:
leef44 said:
768 said:
Graveworm said:
DeltonaS said:
The vast majority of people don't make much money. Even if a small percentage of his vast income is taxed in the UK it's still enough to be part of the top X%. For instance 1% of 40m is still 400K.
https://www.icaew.com/technical/tax/personal-tax/i...
The top 1% of income tax payers in the UK is made up of 310,000 individuals with a taxable income of at least £160,000 – but to be in the top 0.1%, that income must be nearly £650,000.
But 0.01 is smaller than 0.1 last time I checked. . . . by a factor of 10 IIRC .. https://www.icaew.com/technical/tax/personal-tax/i...
The top 1% of income tax payers in the UK is made up of 310,000 individuals with a taxable income of at least £160,000 – but to be in the top 0.1%, that income must be nearly £650,000.
If you have to pay more tax than that before you can express an opinion that could even rule out a couple of people on PH. ‘What people don’t realise is that I pay tax here, but I don’t earn all my money here. I race in 19 different countries, so I earn my money in 20 different places and I pay tax in several different places, and I pay a lot here as well.’
So he "earns" money in 19 diff. countries, but he says he pays taxes in several different places.
Which is his Mercedes contract, sponsorship deals and endorsements, He no doubt has set up other companies to accomodate his other activities (clothing. music, jet). His fomer jet for instance was part of jet leasing structure between entities in the Virgin Island and the Isle of Man.
https://amp.insider.com/how-lewis-hamilton-avoided...
Edited by DeltonaS on Tuesday 28th July 23:01
rscott said:
DeltonaS said:
leef44 said:
768 said:
Graveworm said:
DeltonaS said:
The vast majority of people don't make much money. Even if a small percentage of his vast income is taxed in the UK it's still enough to be part of the top X%. For instance 1% of 40m is still 400K.
https://www.icaew.com/technical/tax/personal-tax/i...
The top 1% of income tax payers in the UK is made up of 310,000 individuals with a taxable income of at least £160,000 – but to be in the top 0.1%, that income must be nearly £650,000.
But 0.01 is smaller than 0.1 last time I checked. . . . by a factor of 10 IIRC .. https://www.icaew.com/technical/tax/personal-tax/i...
The top 1% of income tax payers in the UK is made up of 310,000 individuals with a taxable income of at least £160,000 – but to be in the top 0.1%, that income must be nearly £650,000.
If you have to pay more tax than that before you can express an opinion that could even rule out a couple of people on PH. ‘What people don’t realise is that I pay tax here, but I don’t earn all my money here. I race in 19 different countries, so I earn my money in 20 different places and I pay tax in several different places, and I pay a lot here as well.’
So he "earns" money in 19 diff. countries, but he says he pays taxes in several different places.
Which is his Mercedes contract, sponsorship deals and endorsements, He no doubt has set up other companies to accomodate his other activities (clothing. music, jet). His fomer jet for instance was part of jet leasing structure between entities in the Virgin Island and the Isle of Man.
https://amp.insider.com/how-lewis-hamilton-avoided...
Edited by DeltonaS on Tuesday 28th July 23:01
As you pointed out Max left Holland, Schumacher, Vettel and Rosberg don’t reside in Germany. Leclerc is in the clear of course.
Having lot of money brings more choice and freedom.
In this particular case not living in the U.K. would appear to be just another reason to have pop at him while giving the other drivers a free pass.
jsf said:
Yet he is quite happy to not pay millions in tax that could be used to help improve the lives of those living in the slums of stevenage.
His comment about his home town cant have helped improve inward investment in the area either.
He comes across as a confused young man, fantastic driver and a nice bloke with his heart in the right place, but tying himself in knots.
Ahhhh this old chestnut. hed have paid more tax in his years living in the UK that you or I ever will in a lifetime. His comment about his home town cant have helped improve inward investment in the area either.
He comes across as a confused young man, fantastic driver and a nice bloke with his heart in the right place, but tying himself in knots.
He now lives in another country....so why would he pay tax in the UK other than on his winnings like all sports contracts?....its not like we pay tax in America is it?
HustleRussell said:
Exige77 said:
His thinking is confused.
He’s an Advocate of the environment but promotes the fashion Industry which is one of the world’s biggest polluters.
He can promote fashion. That’s fine. Make a few non from it. That’s also fine.
He can promote environmental issues. That’s also fine.
How does he square the two ?
There is a lot of bHe’s an Advocate of the environment but promotes the fashion Industry which is one of the world’s biggest polluters.
He can promote fashion. That’s fine. Make a few non from it. That’s also fine.
He can promote environmental issues. That’s also fine.
How does he square the two ?
ks posted in this thread, however this is one good example of Hamilton hypocrisy and a valid criticism. I'd like to know the answer to that too. F1, while it pollutes has also brought amount massive amounts of development in terms of road technology including efficiency, hybrids etc to help the world become a cleaner place. Not only are current F1 cars incredibly efficient with their thermal efficiency, the technology draw down goes into road cars via manufacturers and their suppliers like oil and fuel.
does that make Hamilton hypocritical or part of helping to resolve the problem? before F1 went hybrid, did you see a large movement towards sustainable cars? no....its Because of F1 and other motorsports, the hybrid and electric movement is starting to become acceptable.
WickerBill said:
HustleRussell said:
Exige77 said:
His thinking is confused.
He’s an Advocate of the environment but promotes the fashion Industry which is one of the world’s biggest polluters.
He can promote fashion. That’s fine. Make a few non from it. That’s also fine.
He can promote environmental issues. That’s also fine.
How does he square the two ?
There is a lot of bHe’s an Advocate of the environment but promotes the fashion Industry which is one of the world’s biggest polluters.
He can promote fashion. That’s fine. Make a few non from it. That’s also fine.
He can promote environmental issues. That’s also fine.
How does he square the two ?
ks posted in this thread, however this is one good example of Hamilton hypocrisy and a valid criticism. I'd like to know the answer to that too. F1, while it pollutes has also brought amount massive amounts of development in terms of road technology including efficiency, hybrids etc to help the world become a cleaner place. Not only are current F1 cars incredibly efficient with their thermal efficiency, the technology draw down goes into road cars via manufacturers and their suppliers like oil and fuel.
does that make Hamilton hypocritical or part of helping to resolve the problem? before F1 went hybrid, did you see a large movement towards sustainable cars? no....its Because of F1 and other motorsports, the hybrid and electric movement is starting to become acceptable.
HustleRussell said:
WickerBill said:
HustleRussell said:
Exige77 said:
His thinking is confused.
He’s an Advocate of the environment but promotes the fashion Industry which is one of the world’s biggest polluters.
He can promote fashion. That’s fine. Make a few non from it. That’s also fine.
He can promote environmental issues. That’s also fine.
How does he square the two ?
There is a lot of bHe’s an Advocate of the environment but promotes the fashion Industry which is one of the world’s biggest polluters.
He can promote fashion. That’s fine. Make a few non from it. That’s also fine.
He can promote environmental issues. That’s also fine.
How does he square the two ?
ks posted in this thread, however this is one good example of Hamilton hypocrisy and a valid criticism. I'd like to know the answer to that too. F1, while it pollutes has also brought amount massive amounts of development in terms of road technology including efficiency, hybrids etc to help the world become a cleaner place. Not only are current F1 cars incredibly efficient with their thermal efficiency, the technology draw down goes into road cars via manufacturers and their suppliers like oil and fuel.
does that make Hamilton hypocritical or part of helping to resolve the problem? before F1 went hybrid, did you see a large movement towards sustainable cars? no....its Because of F1 and other motorsports, the hybrid and electric movement is starting to become acceptable.
Graveworm said:
HustleRussell said:
WickerBill said:
HustleRussell said:
Exige77 said:
His thinking is confused.
He’s an Advocate of the environment but promotes the fashion Industry which is one of the world’s biggest polluters.
He can promote fashion. That’s fine. Make a few non from it. That’s also fine.
He can promote environmental issues. That’s also fine.
How does he square the two ?
There is a lot of bHe’s an Advocate of the environment but promotes the fashion Industry which is one of the world’s biggest polluters.
He can promote fashion. That’s fine. Make a few non from it. That’s also fine.
He can promote environmental issues. That’s also fine.
How does he square the two ?
ks posted in this thread, however this is one good example of Hamilton hypocrisy and a valid criticism. I'd like to know the answer to that too. F1, while it pollutes has also brought amount massive amounts of development in terms of road technology including efficiency, hybrids etc to help the world become a cleaner place. Not only are current F1 cars incredibly efficient with their thermal efficiency, the technology draw down goes into road cars via manufacturers and their suppliers like oil and fuel.
does that make Hamilton hypocritical or part of helping to resolve the problem? before F1 went hybrid, did you see a large movement towards sustainable cars? no....its Because of F1 and other motorsports, the hybrid and electric movement is starting to become acceptable.
Graveworm said:
HustleRussell said:
WickerBill said:
HustleRussell said:
Exige77 said:
His thinking is confused.
He’s an Advocate of the environment but promotes the fashion Industry which is one of the world’s biggest polluters.
He can promote fashion. That’s fine. Make a few non from it. That’s also fine.
He can promote environmental issues. That’s also fine.
How does he square the two ?
There is a lot of bHe’s an Advocate of the environment but promotes the fashion Industry which is one of the world’s biggest polluters.
He can promote fashion. That’s fine. Make a few non from it. That’s also fine.
He can promote environmental issues. That’s also fine.
How does he square the two ?
ks posted in this thread, however this is one good example of Hamilton hypocrisy and a valid criticism. I'd like to know the answer to that too. F1, while it pollutes has also brought amount massive amounts of development in terms of road technology including efficiency, hybrids etc to help the world become a cleaner place. Not only are current F1 cars incredibly efficient with their thermal efficiency, the technology draw down goes into road cars via manufacturers and their suppliers like oil and fuel.
does that make Hamilton hypocritical or part of helping to resolve the problem? before F1 went hybrid, did you see a large movement towards sustainable cars? no....its Because of F1 and other motorsports, the hybrid and electric movement is starting to become acceptable.
ch37 said:
Funny how people spent years moaning about the lack of characters in the sport and how every driver was now just a corporate mouthpiece etc.
Hamilton manages his own contract which appears to be extremely generous in allowing him to do and say what he likes within reason, and with reduced corporate days in his schedule...and he's slated for it because it's not exactly to everyone's liking (I'm thinking more along the lines of his musical, fashion and ethical interests). It couldn't for a second because people here don't align with those likes and views, would it? Or is the 70s version of doing what you like (women, drugs, drink) preferable?
Despite the overly corporate nature of F1 we actually have quite a few guys on the grid now who seem very comfortable speaking how they feel and so on.
This. Hamilton manages his own contract which appears to be extremely generous in allowing him to do and say what he likes within reason, and with reduced corporate days in his schedule...and he's slated for it because it's not exactly to everyone's liking (I'm thinking more along the lines of his musical, fashion and ethical interests). It couldn't for a second because people here don't align with those likes and views, would it? Or is the 70s version of doing what you like (women, drugs, drink) preferable?
Despite the overly corporate nature of F1 we actually have quite a few guys on the grid now who seem very comfortable speaking how they feel and so on.
HighwayStar said:
Other drivers left the UK for more tax friendly countries. Stewart, Mansell, Coulthard and Button for example. None those guys get battered on here for the choice they made. Not a peep.
As you pointed out Max left Holland, Schumacher, Vettel and Rosberg don’t reside in Germany. Leclerc is in the clear of course.
Having lot of money brings more choice and freedom.
In this particular case not living in the U.K. would appear to be just another reason to have pop at him while giving the other drivers a free pass.
Hard to believe the tax rate that Stewart was escaping!As you pointed out Max left Holland, Schumacher, Vettel and Rosberg don’t reside in Germany. Leclerc is in the clear of course.
Having lot of money brings more choice and freedom.
In this particular case not living in the U.K. would appear to be just another reason to have pop at him while giving the other drivers a free pass.
WickerBill said:
Ahhhh this old chestnut. hed have paid more tax in his years living in the UK that you or I ever will in a lifetime.
He now lives in another country....so why would he pay tax in the UK other than on his winnings like all sports contracts?....its not like we pay tax in America is it?
His earnings in the UK will also include the endorsement work he does for UK companies. Vettel will be paying a fair chunk less than Hamilton for two reasons:He now lives in another country....so why would he pay tax in the UK other than on his winnings like all sports contracts?....its not like we pay tax in America is it?
Lower income from sport
No endorsement income in the UK.
HustleRussell said:
Graveworm said:
HustleRussell said:
WickerBill said:
HustleRussell said:
Exige77 said:
His thinking is confused.
He’s an Advocate of the environment but promotes the fashion Industry which is one of the world’s biggest polluters.
He can promote fashion. That’s fine. Make a few non from it. That’s also fine.
He can promote environmental issues. That’s also fine.
How does he square the two ?
There is a lot of bHe’s an Advocate of the environment but promotes the fashion Industry which is one of the world’s biggest polluters.
He can promote fashion. That’s fine. Make a few non from it. That’s also fine.
He can promote environmental issues. That’s also fine.
How does he square the two ?
ks posted in this thread, however this is one good example of Hamilton hypocrisy and a valid criticism. I'd like to know the answer to that too. F1, while it pollutes has also brought amount massive amounts of development in terms of road technology including efficiency, hybrids etc to help the world become a cleaner place. Not only are current F1 cars incredibly efficient with their thermal efficiency, the technology draw down goes into road cars via manufacturers and their suppliers like oil and fuel.
does that make Hamilton hypocritical or part of helping to resolve the problem? before F1 went hybrid, did you see a large movement towards sustainable cars? no....its Because of F1 and other motorsports, the hybrid and electric movement is starting to become acceptable.
Greta could be inclined to tear a strip off Hamilton.
Data pending ofcourse.
HustleRussell said:
Graveworm said:
HustleRussell said:
WickerBill said:
HustleRussell said:
Exige77 said:
His thinking is confused.
He’s an Advocate of the environment but promotes the fashion Industry which is one of the world’s biggest polluters.
He can promote fashion. That’s fine. Make a few non from it. That’s also fine.
He can promote environmental issues. That’s also fine.
How does he square the two ?
There is a lot of bHe’s an Advocate of the environment but promotes the fashion Industry which is one of the world’s biggest polluters.
He can promote fashion. That’s fine. Make a few non from it. That’s also fine.
He can promote environmental issues. That’s also fine.
How does he square the two ?
ks posted in this thread, however this is one good example of Hamilton hypocrisy and a valid criticism. I'd like to know the answer to that too. F1, while it pollutes has also brought amount massive amounts of development in terms of road technology including efficiency, hybrids etc to help the world become a cleaner place. Not only are current F1 cars incredibly efficient with their thermal efficiency, the technology draw down goes into road cars via manufacturers and their suppliers like oil and fuel.
does that make Hamilton hypocritical or part of helping to resolve the problem? before F1 went hybrid, did you see a large movement towards sustainable cars? no....its Because of F1 and other motorsports, the hybrid and electric movement is starting to become acceptable.
https://edgardaily.com/articles/sustainable-fashio...
WickerBill said:
HustleRussell said:
Graveworm said:
HustleRussell said:
WickerBill said:
HustleRussell said:
Exige77 said:
His thinking is confused.
He’s an Advocate of the environment but promotes the fashion Industry which is one of the world’s biggest polluters.
He can promote fashion. That’s fine. Make a few non from it. That’s also fine.
He can promote environmental issues. That’s also fine.
How does he square the two ?
There is a lot of bHe’s an Advocate of the environment but promotes the fashion Industry which is one of the world’s biggest polluters.
He can promote fashion. That’s fine. Make a few non from it. That’s also fine.
He can promote environmental issues. That’s also fine.
How does he square the two ?
ks posted in this thread, however this is one good example of Hamilton hypocrisy and a valid criticism. I'd like to know the answer to that too. F1, while it pollutes has also brought amount massive amounts of development in terms of road technology including efficiency, hybrids etc to help the world become a cleaner place. Not only are current F1 cars incredibly efficient with their thermal efficiency, the technology draw down goes into road cars via manufacturers and their suppliers like oil and fuel.
does that make Hamilton hypocritical or part of helping to resolve the problem? before F1 went hybrid, did you see a large movement towards sustainable cars? no....its Because of F1 and other motorsports, the hybrid and electric movement is starting to become acceptable.
https://edgardaily.com/articles/sustainable-fashio...
WickerBill said:
HustleRussell said:
Graveworm said:
HustleRussell said:
WickerBill said:
HustleRussell said:
Exige77 said:
His thinking is confused.
He’s an Advocate of the environment but promotes the fashion Industry which is one of the world’s biggest polluters.
He can promote fashion. That’s fine. Make a few non from it. That’s also fine.
He can promote environmental issues. That’s also fine.
How does he square the two ?
There is a lot of bHe’s an Advocate of the environment but promotes the fashion Industry which is one of the world’s biggest polluters.
He can promote fashion. That’s fine. Make a few non from it. That’s also fine.
He can promote environmental issues. That’s also fine.
How does he square the two ?
ks posted in this thread, however this is one good example of Hamilton hypocrisy and a valid criticism. I'd like to know the answer to that too. F1, while it pollutes has also brought amount massive amounts of development in terms of road technology including efficiency, hybrids etc to help the world become a cleaner place. Not only are current F1 cars incredibly efficient with their thermal efficiency, the technology draw down goes into road cars via manufacturers and their suppliers like oil and fuel.
does that make Hamilton hypocritical or part of helping to resolve the problem? before F1 went hybrid, did you see a large movement towards sustainable cars? no....its Because of F1 and other motorsports, the hybrid and electric movement is starting to become acceptable.
https://edgardaily.com/articles/sustainable-fashio...
I hate the fashion industry in general. I hate the whole fact that there is a widespread culture of wearing items of clothing for a limited period and then binning them and buying new and slightly different looking clothes. The industry as a whole generates huge amounts of plastic, much of which ends up in the sea. It dirties huge amounts of clean water. It exploits child and basically slave labour.
Hence Exige77's question is a pertinent one. It appears Hamilton is mindful about this and products he is involved with are ahead of the curve. However that article certainly doesn't answer the question.
HustleRussell said:
It doesn't though, does it? There is nothing quantitative there. It is just telling us that it is less environmentally damaging than 'normal' fashion by an unspecified margin.
I hate the fashion industry in general. I hate the whole fact that there is a widespread culture of wearing items of clothing for a limited period and then binning them and buying new and slightly different looking clothes. The industry as a whole generates huge amounts of plastic, much of which ends up in the sea. It dirties huge amounts of clean water. It exploits child and basically slave labour.
Hence Exige77's question is a pertinent one. It appears Hamilton is mindful about this and products he is involved with are ahead of the curve. However that article certainly doesn't answer the question.
Hence my point and implied question which it asks. The fashion industry exists. One of the downsides is the environmental impact. Hamilton's involvement appears to reduce the environmental impact. Is there are suggestion his projects involve "Child and basically slave labour"? He didn't create the problem or exacerbate it, but it appears he reduced it. I hate the fashion industry in general. I hate the whole fact that there is a widespread culture of wearing items of clothing for a limited period and then binning them and buying new and slightly different looking clothes. The industry as a whole generates huge amounts of plastic, much of which ends up in the sea. It dirties huge amounts of clean water. It exploits child and basically slave labour.
Hence Exige77's question is a pertinent one. It appears Hamilton is mindful about this and products he is involved with are ahead of the curve. However that article certainly doesn't answer the question.
No fashion at all might be a better situation for the environment and preferred by some, but that is n't going to happen. Same as F1, it exists. By it going carbon neutral overall whilst making advances in efficiency which may translate to road cars, they are improving the situation from what it was.
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