General election 8th june
10 May 2017, 06:19 PM
#151
I think if they're going to raise taxes on higher incomes, then it needs to be on household income, not the individual. Otherwise you end up with someone earning £80k single income a year paying a higher marginal rate than a couple earning £75k each. That's patently unfair.
edit: and the above is of course before any further tax rises
Last edited by Henrik; 10 May 2017 at 06:22 PM.
10 May 2017, 06:47 PM
#152
Scooby Regular
A moderate increase for those on over £80k, and no increases for 95% of the working population will kill aspiration within society? Your having a larf. And since when did you have to earn over £80k to be deemed moderately successful? Millions of people have an extremely successful working life, and never come within sight of even half that figure. And if you think success in life is measured by how much you earn, then you're missing out big time.
I'm not quite sure why you keep reading stuff in my posts that just isn't there?
When did I say that success in life is measured by money?
You're coming across as extremely judgemental and with a large chip on your shoulder.
10 May 2017, 11:15 PM
#154
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10 May 2017, 11:21 PM
#155
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You are a an effing hypocrite btw, you whinge and whine about bias news comments, then trumpet bs yourself.
11 May 2017, 08:43 AM
#157
Scooby Senior
The problem with increasing the taxes for the highest earners is, firstly its a relatively low number of people compared to medium and lower earners, and secondly they are the people who are anyway doing everything they can to minimise their taxes. So while its a very popular policy for most people, the reality is it does very little to increase tax revenue. The 1p increase to the lower rate will always bring in more money then any increase to the highest rate!
11 May 2017, 09:51 AM
#158
https://www.gov.uk/government/upload.../Table_2.5.pdf
You can see the highest earners pay virtually all the tax
You can see the highest earners pay virtually all the tax
11 May 2017, 09:54 AM
#159
Scooby Regular
https://www.gov.uk/government/upload.../Table_2.5.pdf
You can see the highest earners pay virtually all the tax
You can see the highest earners pay virtually all the tax
You looking at the average figure or total? According to that table those on 30k/50k provide the most tax
11 May 2017, 10:20 AM
#160
Scooby Senior
That's my point! Yes, the highest earners have the highest tax bill, but there are so few of them, the total revenue from high earners is eclipsed by the revenue from the masses!
11 May 2017, 10:44 PM
#168
High earners and company directors etc should pay more tax, after all they can afford it... regardless of how much difference it makes... every mickel makes a muckel... also need to reduce all this tax avoidance by the super rich... they can also afford to pay more... if nothing else it will reduce the burden on the common man / woman.
Too much injustice in the system, I'm the perfect example, paid in for 27yrs cant get a bean until I'm 67 because my wife earns too much... and she's not on anywhere near £80k... how is that fair when people like my sister and her husband have paid in bugger all and get hand outs left right and centre because they just play the system and have done since they were 18... it's just wrong however you want to look at it
Too much injustice in the system, I'm the perfect example, paid in for 27yrs cant get a bean until I'm 67 because my wife earns too much... and she's not on anywhere near £80k... how is that fair when people like my sister and her husband have paid in bugger all and get hand outs left right and centre because they just play the system and have done since they were 18... it's just wrong however you want to look at it
11 May 2017, 10:48 PM
#169
if all corperations and big buisnesses paid a genuine 15% corperation tax instead of avoiding as much as possible then no one earning less than 25k per year would pay any tax not the current 12.5k, therefore making most of the population miles better off, and guess where they would spend all the extra money they would have, ?
YOU GUESSED IT WITH THE BIG BUISNESSES AND CORPERATIONS,]ITS NOT ROCKET SCIENCE IS IT
but they just can't bear the thought of us minnions being better off so the merrtgo round continues
Last edited by madscoob; 11 May 2017 at 10:49 PM.
11 May 2017, 11:26 PM
#170
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High earners and company directors etc should pay more tax, after all they can afford it... regardless of how much difference it makes... every mickel makes a muckel... also need to reduce all this tax avoidance by the super rich... they can also afford to pay more... if nothing else it will reduce the burden on the common man / woman.
Too much injustice in the system, I'm the perfect example, paid in for 27yrs cant get a bean until I'm 67 because my wife earns too much... and she's not on anywhere near £80k... how is that fair when people like my sister and her husband have paid in bugger all and get hand outs left right and centre because they just play the system and have done since they were 18... it's just wrong however you want to look at it
Too much injustice in the system, I'm the perfect example, paid in for 27yrs cant get a bean until I'm 67 because my wife earns too much... and she's not on anywhere near £80k... how is that fair when people like my sister and her husband have paid in bugger all and get hand outs left right and centre because they just play the system and have done since they were 18... it's just wrong however you want to look at it
It's such a con sold too the masses.
12 May 2017, 10:32 AM
#172
Scooby Regular
High earners and company directors etc should pay more tax, after all they can afford it... regardless of how much difference it makes... every mickel makes a muckel... also need to reduce all this tax avoidance by the super rich... they can also afford to pay more... if nothing else it will reduce the burden on the common man / woman.
Too much injustice in the system, I'm the perfect example, paid in for 27yrs cant get a bean until I'm 67 because my wife earns too much... and she's not on anywhere near £80k... how is that fair when people like my sister and her husband have paid in bugger all and get hand outs left right and centre because they just play the system and have done since they were 18... it's just wrong however you want to look at it
Too much injustice in the system, I'm the perfect example, paid in for 27yrs cant get a bean until I'm 67 because my wife earns too much... and she's not on anywhere near £80k... how is that fair when people like my sister and her husband have paid in bugger all and get hand outs left right and centre because they just play the system and have done since they were 18... it's just wrong however you want to look at it
Ok, so you want to increase the tax on those earning over £80k AND you want to reduce benefits?
13 May 2017, 08:50 AM
#173
Out here in Croatia if you don't pay in you can't take out and what you receive and for how long is related to what you paid in... which is fair in my opinion. There are of course provisions for those unable to work for what ever reason.
As for the more tax thing I wasn't specifically aiming it at people on £80k more those avoiding tax via fancy accounting, it's not fair that the poorest segment pays the highest proportion... while those on high incomes are able to work the system to avoid paying... Baring in mind that the higher rates only apply to the proportion of the income that exceeds the £80k I don't see what the problem is.
P.S, I applaud anyone that is doing well for themselves and don't begrudge them reaping the rewards from their effort and hard work... but they also need to share some of that wealth with those less fortunate, far too many people getting stupidly rich while the vast majority live hand to mouth.
Don't know what current figures are but 20yrs ago it was something like 300 people owning half the worlds wealth... which is just ridiculous... I doubt it's gotten any better for the rest of us over the past 20yrs.
13 May 2017, 10:00 AM
#174
Scooby Regular
I've not said I want to reduce benefits... but I do think that those that pay in are entitled to get some of it back when in need and it shouldn't have anything to do with how much their partner earns.
Out here in Croatia if you don't pay in you can't take out and what you receive and for how long is related to what you paid in... which is fair in my opinion. There are of course provisions for those unable to work for what ever reason.
As for the more tax thing I wasn't specifically aiming it at people on £80k more those avoiding tax via fancy accounting, it's not fair that the poorest segment pays the highest proportion... while those on high incomes are able to work the system to avoid paying... Baring in mind that the higher rates only apply to the proportion of the income that exceeds the £80k I don't see what the problem is.
P.S, I applaud anyone that is doing well for themselves and don't begrudge them reaping the rewards from their effort and hard work... but they also need to share some of that wealth with those less fortunate, far too many people getting stupidly rich while the vast majority live hand to mouth.
Don't know what current figures are but 20yrs ago it was something like 300 people owning half the worlds wealth... which is just ridiculous... I doubt it's gotten any better for the rest of us over the past 20yrs.
Out here in Croatia if you don't pay in you can't take out and what you receive and for how long is related to what you paid in... which is fair in my opinion. There are of course provisions for those unable to work for what ever reason.
As for the more tax thing I wasn't specifically aiming it at people on £80k more those avoiding tax via fancy accounting, it's not fair that the poorest segment pays the highest proportion... while those on high incomes are able to work the system to avoid paying... Baring in mind that the higher rates only apply to the proportion of the income that exceeds the £80k I don't see what the problem is.
P.S, I applaud anyone that is doing well for themselves and don't begrudge them reaping the rewards from their effort and hard work... but they also need to share some of that wealth with those less fortunate, far too many people getting stupidly rich while the vast majority live hand to mouth.
Don't know what current figures are but 20yrs ago it was something like 300 people owning half the worlds wealth... which is just ridiculous... I doubt it's gotten any better for the rest of us over the past 20yrs.
I agree that the wealthiest should pay their fair share of tax and in many cases more tax. The problem is that even though most of us agree on that we all think that the definition of wealthy is somebody who earns more than we do lol.
I doubt anybody on about £80k a year is in any position to employ fancy tax avoidance vehicles, especially not if on PAYE.
Somebody on £80k a year pays about £25k in tax and NI
Somebody on £30k pays about £6k. They will also be eligible for child benefit so if you had two kids that would be £1800 per year. So in effect they pay £4200 a year in tax.
So that's £25,000 vs £4,200. That's over 6x more tax but they only earn x2.5 more.
I just can't see how increasing the income tax on those around the £80k mark is the answer to any problem.
Perhaps the answer is a wealth tax on those individuals with millions if not billions in assets.
13 May 2017, 01:14 PM
#175
I agree that the wealthiest should pay their fair share of tax and in many cases more tax. The problem is that even though most of us agree on that we all think that the definition of wealthy is somebody who earns more than we do lol.
I doubt anybody on about £80k a year is in any position to employ fancy tax avoidance vehicles, especially not if on PAYE.
Somebody on £80k a year pays about £25k in tax and NI
Somebody on £30k pays about £6k. They will also be eligible for child benefit so if you had two kids that would be £1800 per year. So in effect they pay £4200 a year in tax.
So that's £25,000 vs £4,200. That's over 6x more tax but they only earn x2.5 more.
I just can't see how increasing the income tax on those around the £80k mark is the answer to any problem.
Perhaps the answer is a wealth tax on those individuals with millions if not billions in assets.
I doubt anybody on about £80k a year is in any position to employ fancy tax avoidance vehicles, especially not if on PAYE.
Somebody on £80k a year pays about £25k in tax and NI
Somebody on £30k pays about £6k. They will also be eligible for child benefit so if you had two kids that would be £1800 per year. So in effect they pay £4200 a year in tax.
So that's £25,000 vs £4,200. That's over 6x more tax but they only earn x2.5 more.
I just can't see how increasing the income tax on those around the £80k mark is the answer to any problem.
Perhaps the answer is a wealth tax on those individuals with millions if not billions in assets.
P.S child benefit is far outweighed by child care costs at that sort of income level too as a percentage of income.
