FlightMan

Anyone earnring in excess of 150k and paying 63% tax on that excess needs an accountant or their head examining.

I'm a PAYE wage slave now, but back in the day never paid more than about 20% on annual earnings in excess of 100k.

tanyatriangles

iTrader: (2)

Might be OK, IF we got the rest of our taxes in line too: no more stealth taxes.

Deep Singh

Yes, has been confirmed. You may think its whingeing but its the principle as much as it is the money. Above £150k the state will take over half your money, half! You can't think that's fair or that it sets the right tone or agenda for a prosperous country?

Leslie

I don't think we have seen the half of it yet!

Les

cster

For these figures to have any meaning whatsoever, you would have to include money paid out for council rates, VAT, fuel excise etc etc

Luan Pra bang

I agree and I cannot understand how anyone would be clever enough to earn themselves 100k and be so thick as to pay more than 24% tax. You can even claim most of your 40% back if you earn a salary. Tax is for poor people who cannt afford good accountants and tax planners.

hodgy0_2

the french have a wealth tax whic is payable on net assets above 790000€. French residents must include all worldwide assets.

also have you ever had to pay European road tolls (taxes) --- I have paid over £300.00 last year and boy if we had them here you would hear the snetter's whinge

The Americans effectively have a citizen tax i.e. wherever you live in the world, if you are an American citizen you are required by the IRS to fill out a tax return and pay tax on all earnings

this stops people like Phillip Green using the UK to generate his 2 billion pound yearly wage whilst paying less tax than the people who clean his shops

finalzero

Not just labour but the whole system.

Take a step back and think about it, look at all the financial news that has appeared over the past four weeks - the sensational stuff in particular, almost all have pointed to one fact:

Everyone associated with and within the goverment is crooked from the top down. We the people really are a slave to the this society and there isn't much short of a revolution, that we can do about this.

If we took all of these money grabbing fat cats and trimmed off 10% of their net earnings we would generate truck loads of revenue but that would be too easy and would not enslave the masses - which ultimately is what is going on here.

I predict we are going to see more of these stories breaking that will send a shiver down the spine of this goverment and show we the people, all the dirty tricks that go on by the powers that be.

How can you have faith in the leaders of this country when they are knee deep in their own crimes - what kind of message does that send out to the masses?

J4CKO

iTrader: (1)

I personally cannot be that sympathetic to someone earning over £150,000 a year paying a bit more tax, most will pay an accountant to avoid it anyway, though there are noises about closing loopholes.

Anyone on 150k is not going to be plunged into poverty and saying that everyone should get of their ***** and work hard to get to that level is ludicrous, most people even if working really hard dont get to that level, I myself earn 50k, a bit of additional tax about 150k wont stop me trying to improve my salary as the extra 100k plus would come in handy.

No matter what we do, we still need people to empty bins, clean bogs, handle luggage, serve coffee and all those other crap jobs, these arent people who arent trying, it may be that they have not had the breaks, dont have the required intelligence to operate in the 150k bracket so why taxing them at 40% is a good idea I dont know, that would mean that it is not worth working any more for a lot, some choose to work for pride rather than claiming benefits but that kind of decision is made much harder when it is actually more productive to do so.


If you are earning that kind of money, lets face it, you arent going to go hungry, dont feel so hard done by, enjoy your priveleiged position.

I do also think that labour should now leave the middle classes alone and concentrate on getting the spongers back to work and take a good long look at who is in the country and why, we have enough people without letting millions more in.

falkster

You mean like people that earn less than 34k?? Dont they pay 22%??

Luan Pra bang

The thing is they are the leaders, those of us at the bottom have to put up with their **** because they climed to the top and we did not, the super rich pay no tax because they are powerful and we are not. The reality is that those lower down the socail spectrum suffer more. The only difference being that we can get screwed while watching a plasma TV and driving a new BMW. Rampant unregulated capitalism will only ever increase the gap between rich and poor no close it.

SunnySideUp

Probably, but don't ever get the idea that they will be any better ..... for most people they will be far worse.

Anyone over the age of around 30 will have been hurt badly by the Tories in the past - they are a nasty, uncaring party .... if you think the sleaze and greed of Labour is bad, you had better get ready for something much, much worse!



The half a brain cell belongs to those who think we are alone in the world with an economic crisis!! Labour is not responsible for the world recession

Good grief

Maybe, but doesn't it feel good to think that the 'real' people who messed up the world will be charged a premium to pay back what they have stolen?

Gear Head

iTrader: (2)

Ok Deep, you continue to believe that.

So, the Tories get in next year. 10 years later we have another recession. I suppose that will still be Labour's fault? For **** sake open your eyes! The economy is cyclical and always will be. Yes, there are always ways that one could have dealt with a recession better, but unfortunatley, every time it happens, the factors change. How strange that we now have a recession with LOW interest rates.

^Qwerty^

Just watch the "Tax Freedom Day" roll out towards the backend of June to get us out of the current mess.

Quote, "Of every pound that workers in the UK economy create, the government in fact takes 37p. That's nearly two-fifths of the year, from 1 January to 2 June, that we spend in slave labour for the government.

When Gordon Brown became Chancellor in 1997, Tax Freedom Day was 26 May. So that is a whole extra week he has forced us to work for him, in just eleven years. An extra £600 we're each paying to the government, instead of keeping for ourselves."

That was from June 2008.
http://www.thisismoney.co.uk/news/ar...4&in_page_id=2

SunnySideUp

Translated as, "Working to pay for a better country for ourselves, our children, our sick and our elderly"

I see nothing wrong in that whatsoever.

SJ_Skyline

Surely there is a happy balance. I agree with Deep's point about higher taxes on the top bracket pushing away the creators of wealth. The top earners also create jobs for many many more of the lower earners. By raising the top tax bands you push these people and the jobs they create elsewhere.

By all means have a higher tax-bracket at 50% for over £150k but then start to reduce that over, say £200k. The top earners and wealth crators are encouraged to work harder to get over the hill into the lower band, hard work is rewarded whilst the government is able to take advantage of both a higher slice of taxation and the many lower slices that these people help create.

finalzero

With all the failings both daily and the more catastrophic - the above statement can't hold true now can it?

Do you honestly thing the goverment has our best interests in mind?

Generally we judge a person by their actions and so far everything I have seen points to a dishonest, cold hearted and greedy person in the form of this goverment and all those caught up in the spiders web.

Some honesty would be good, and at least a step to get this country back on the right track

dunx

iTrader: (3)

You young 'uns...

Ask the pop stars of the sixties how much they "enjoyed" a 95 % tax regime....

dunx

tanyatriangles

iTrader: (2)

Pete, if you REALLY were as naive as that, I'd be surprised. You are just trolling again.

Try translating it as "Working to pay for people like Sir Fred Goodwin to get a huge pension after masterminding the demise of the bank he worked for, or paying for our troops to stay in the middle east in a useless illegal war we canot possibbly win, or paying so that Scotland, Wales and Northern Ireland can have better standard of living than England, or paying huge sums of money to catch, then release illegals, or paying out huge sums of money in foreign aid while our poor sink lower."..........shall I go on?

Gordo

It ***** me off the way the media portrays higher rate earners as 'bankers' who, therefore, everyone feels should be punished. I know several entrepreneurs (who have created companies from nothing) for who this is the last straw, and are already looking at shifting their whole corporate head offices to Switzerland (and, in one case, Bermuda). Bye bye all of their corporation tax - as posted above, the net impact on tax take of this madness will be negative. It's a political gesture by a government that has lost it.

Gordo

tanyatriangles

iTrader: (2)

I, for one NEVER moan about paying a toll to drive on well constructed, WELL MAINTAINED, un-crowded roads, with FREE stopping areas every 20 miles or so, each with it's own parking, toilets and fresh water, many with childrens' play areas and picnic tables.............

Now, how do OUR free roads compare?

Oh, and I drive 500 miles each way to our property in the Limousin, most of which is on FREE motorway, (A28, A20) and FREE dual carriageway, more of which is being constructed each year.

Sorry, tell me again what WE get for our huge fuel tax and huger road tax?

ALi-B

iTrader: (1)

Did labour ever consider that thse on higher wages of which they are taxing so much more also have the financial means to properly emmigrate and re-settle is a different country? - Afterall; whats the point earning it if your not allowed to have it?

If the tax affects their quality of life in terms of disposable income vs living expenses, I'm sure there will a number of packed suitcases, residency and work permits signed and stamped and international haulage companies seeing a increase in custom.

Deep Singh

Rubbish, what do you mean you can even get your 40% back if you are salaried. There is only so much the tax man will let you right off before he comes after you with a big stick. If you own a company maybe there are more loopholes but not for high earning employees

happydude303

iTrader: (1)

dont you guys remember the torrie days when the doll cue went down the road and they sold of all the railway gas oil we had just to line there own pockets, never vote for the blues they are there only for the rich man and hate the poor man, and labour are not the problem its all the rich *******s have cause this and that why its world wide, that cameron is one of maggie thacther bum boys

happydude303

iTrader: (1)

and all you guys that earn over that money should be ashamed off your self s you greedy rich ***** what about the poor people of africa that have to walk for over 7 miles a day to get water no they have something to moan about id like to meet a few of you in my boxing gym

SJ_Skyline

I remember clearly. I also remember the Labour days from before the Tory days, of rubbish piled shoulder high in the streets, the dead going unburried and hospital porters deciding who would get treated.

nice try, c-

Deep Singh

No Labour did not cause the worldwide slow down but they put us in an awful position to be able to deal with it. If you and I understand that economies are cyclical then the govt should aswell and done something to put us in a stronger position to cope.
Gordong Brown presided over reckless management of the economy, allowing unsafe practices by UK banks, allowing house prices to get out of control, personal debt to rocket, raided pensions, allowed unchecked immigration and then SPENT SPENT SPENT.
So did they cause the recession on their own? No. Have they left us in a very poor position to cope with it? 100% yes. So bad is that position that we may never emerge from the downward spiral, only with the Tories do we even stand a chance

happydude303

iTrader: (1)

what after the war and what about what they did to the coal miners a never will i vote for them blue robbing scum ever and who gave us the health service it want the blue was it now and yes if they got in we would all paying for it so the poor peole would get nothing

Deep Singh

Come on then, whose alter ego is this? Another psl username?