Taxation targets

[Sprotyrover]

According to the ‘Bureau of investigation journalism:
More than 38,000 government workers are paid over £100,000, and 9,187 earn more than the Prime Minister (£142,500), according to the Bureau’s public sector pay database.

The findings put an end to the myth that the public sector worker trades high pay for job security and gold plated pensions.

95% tax rate over earnings over 100k seems fair to me,

Then you got CEO’s earning £ millions

Plus a few Sportsmen on mega bucks!

Go for it Labour!

[Mike_F]

95%?! I know that'll be somewhat tongue in cheek but it would be catastrophic for British business.

[glosterred]

If you’re a UK citizen, did you pay £17,000 in taxes last year? If you’re a family of 4, did you pay £64k of taxes as a household?

If not, someone else did on your behalf. A tiny group of people (1%) pay about 30% of the income taxes.

This tiny little group of Brits aren’t just our Dentists, Doctors, Professionals, Engineers, Pilots, Entertainers, Executives, Business Owners and Entrepreneurs, they are also the biggest tax slaves for everyone too.

A person earning £150k is paying £60k in tax. A person earning £30k is paying £6.2k in taxes.

The high earner is making 5x more and paying 10x more in tax.

Given the government spends £17k per person - The higher earner generates a surplus of £43k in taxes while the lower earner requires £11k of someone else’s taxes to cover their portion of government spending.

It takes an income of £60k to generate £17k of taxes. So, very few people in the economy are able to cover the costs of themselves, let alone their families too. A tiny number of people can cover their own costs and generate a surplus for society.

When you hear people talking about how greedy the rich are, and how we need to make life harder for them, it’s worth considering that if they were to stop earning or to leave, the entire system would collapse.

The issue we have in the UK is not enough rich people. We need to either develop them ourselves or import them from elsewhere. We absolutely can not afford to lose them.

As we approach an election, be sceptical of any party who claims they can fund spending through higher taxes on the rich. We already have that! What we need is a party that has a plan to create more rich people or invite them from abroad. It’s never been easier for rich people and high earners to live and work anywhere - of course they’ll go wherever they are treated best.

 The UKs survival is directly linked to the number of high earners - best not to drive them away.

https://twitter.com/DanielPriestley/status/1800886261722288492

[SydneyRover]

What a pity the tory party hadn't heard any of this over that past 14+ years, it could have saved them from trashing the economy.

Remind me wasn't it the tories that turned london into londongrad?

[Mike_F]

Based on the above I will have paid a surplus and I'm happy to do so. When times are hard, vote for those who make things better for you. When you're doing alright, vote for those who will make things better for those less fortunate.

Unfortunately, the incumbent government's view is "When you're doing well, take as much as possible for you and your pals while telling everyone that the reason the nation is falling apart is that those less fortunate are fleecing the system.

[Sprotyrover]

What a pity the tory party hadn't heard any of this over that past 14+ years, it could have saved them from trashing the economy.

Remind me wasn't it the tories that turned london into londongrad?

Oh you loosing it Syd don’t you recall that
Day when you told all of the South Stand you were off for a better life in OZ?  Ecause the Country had gone to the Dogs! That was circa 2007 and who was sending us to the Digs in 2007?

[SydneyRover]

What a pity the tory party hadn't heard any of this over that past 14+ years, it could have saved them from trashing the economy.

Remind me wasn't it the tories that turned london into londongrad?

Oh you loosing it Syd don’t you recall that
Day when you told all of the South Stand you were off for a better life in OZ?  Ecause the Country had gone to the Dogs! That was circa 2007 and who was sending us to the Digs in 2007?

You should be careful which mushrooms you pick when foraging snotty

[Herbert Anchovy]

Based on the above I will have paid a surplus and I'm happy to do so. When times are hared, vote for those who make things better for you. When you're doing alright, vote for those who will make things better for those less fortunate.

Unfortunately, the incumbent government's view is "When you're doing well, take as much as possible for you and your pals while telling everyone that the reason the nation is falling apart is that those less fortunate are fleecing the system.

Quite right Mike. Unfortunately too many people are happy to pull up the drawbridge when they're comfortable and sod everyone else. I've mentioned it on another thread, but at the last GE I heard a bloke on the radio state that he'd always voted Labour  but now he's retired he doesn't need them anymore, so was going to vote Tory.

[Iberian Red]

Based on the above I will have paid a surplus and I'm happy to do so. When times are hared, vote for those who make things better for you. When you're doing alright, vote for those who will make things better for those less fortunate.

Unfortunately, the incumbent government's view is "When you're doing well, take as much as possible for you and your pals while telling everyone that the reason the nation is falling apart is that those less fortunate are fleecing the system.

Quite right Mike. Unfortunately too many people are happy to pull up the drawbridge when they're comfortable and sod everyone else. I've mentioned it on another thread, but at the last GE I heard a bloke on the radio state that he'd always voted Labour  but now he's retired he doesn't need them anymore, so was going to vote Tory.

Remember Mid Week Football on ITV in the 80s?
Cloughie was on nearly every other week,but more often than not ranted about Thatcher rather than speaking about football.
One Wednesday night he said he had a good salary(in the days before the ridiculous amounts now paid)and had absolutely no problem paying more tax to help the needy in society. In fact he wanted to and proposed more tax for high earners.

[tyke1962]

What a pity the tory party hadn't heard any of this over that past 14+ years, it could have saved them from trashing the economy.

Remind me wasn't it the tories that turned london into londongrad?

The Golden Visa scheme was introduced by a Labour government in 2008 .

[Ldr]

Based on the above I will have paid a surplus and I'm happy to do so. When times are hared, vote for those who make things better for you. When you're doing alright, vote for those who will make things better for those less fortunate.

Unfortunately, the incumbent government's view is "When you're doing well, take as much as possible for you and your pals while telling everyone that the reason the nation is falling apart is that those less fortunate are fleecing the system.

Quite right Mike. Unfortunately too many people are happy to pull up the drawbridge when they're comfortable and sod everyone else. I've mentioned it on another thread, but at the last GE I heard a bloke on the radio state that he'd always voted Labour  but now he's retired he doesn't need them anymore, so was going to vote Tory.

Remember Mid Week Football on ITV in the 80s?
Cloughie was on nearly every other week,but more often than not ranted about Thatcher rather than speaking about football.
One Wednesday night he said he had a good salary(in the days before the ridiculous amounts now paid)and had absolutely no problem paying more tax to help the needy in society. In fact he wanted to and proposed more tax for high earners.

It’s not an unreasonable ask, I’d be happy to pay more for better services

[SydneyRover]

Based on the above I will have paid a surplus and I'm happy to do so. When times are hared, vote for those who make things better for you. When you're doing alright, vote for those who will make things better for those less fortunate.

Unfortunately, the incumbent government's view is "When you're doing well, take as much as possible for you and your pals while telling everyone that the reason the nation is falling apart is that those less fortunate are fleecing the system.

Quite right Mike. Unfortunately too many people are happy to pull up the drawbridge when they're comfortable and sod everyone else. I've mentioned it on another thread, but at the last GE I heard a bloke on the radio state that he'd always voted Labour  but now he's retired he doesn't need them anymore, so was going to vote Tory.

Remember Mid Week Football on ITV in the 80s?
Cloughie was on nearly every other week,but more often than not ranted about Thatcher rather than speaking about football.
One Wednesday night he said he had a good salary(in the days before the ridiculous amounts now paid)and had absolutely no problem paying more tax to help the needy in society. In fact he wanted to and proposed more tax for high earners.

It’s not an unreasonable ask, I’d be happy to pay more for better services

Exactly what everyone has been doing, except for the better services bit.

[Ldr]

Based on the above I will have paid a surplus and I'm happy to do so. When times are hared, vote for those who make things better for you. When you're doing alright, vote for those who will make things better for those less fortunate.

Unfortunately, the incumbent government's view is "When you're doing well, take as much as possible for you and your pals while telling everyone that the reason the nation is falling apart is that those less fortunate are fleecing the system.

Quite right Mike. Unfortunately too many people are happy to pull up the drawbridge when they're comfortable and sod everyone else. I've mentioned it on another thread, but at the last GE I heard a bloke on the radio state that he'd always voted Labour  but now he's retired he doesn't need them anymore, so was going to vote Tory.

Remember Mid Week Football on ITV in the 80s?
Cloughie was on nearly every other week,but more often than not ranted about Thatcher rather than speaking about football.
One Wednesday night he said he had a good salary(in the days before the ridiculous amounts now paid)and had absolutely no problem paying more tax to help the needy in society. In fact he wanted to and proposed more tax for high earners.

It’s not an unreasonable ask, I’d be happy to pay more for better services

Exactly what everyone has been doing, except for the better services bit.

Ain’t that the sad truth

[big fat yorkshire pudding]

Based on the above I will have paid a surplus and I'm happy to do so. When times are hared, vote for those who make things better for you. When you're doing alright, vote for those who will make things better for those less fortunate.

Unfortunately, the incumbent government's view is "When you're doing well, take as much as possible for you and your pals while telling everyone that the reason the nation is falling apart is that those less fortunate are fleecing the system.

Quite right Mike. Unfortunately too many people are happy to pull up the drawbridge when they're comfortable and sod everyone else. I've mentioned it on another thread, but at the last GE I heard a bloke on the radio state that he'd always voted Labour  but now he's retired he doesn't need them anymore, so was going to vote Tory.

It's a very difficult balance though and actually drives inequality that bit further. Someone gaining a promotion at say 50k doesn't relatively get that much from a 5k pay rise, hence the pay rise ends up being larger, this snowballing and driving that wealth inequality many find obscene.

Paying the fair share is absolutely right, the problem is everyone's definition of fair.

I've said a number of times the staircasing of UK income tax isn't the right way, have more brackets and more of a smooth curve.

[glosterred]

Those that wish to pay for tax may get their wish if Labour get in.


https://x.com/PolitlcsUK/status/1801196607817302275

[SydneyRover]

Those that wish to pay for tax may get their wish if Labour get in.


https://x.com/PolitlcsUK/status/1801196607817302275

It's all sounding a bit desperate for the tories at 1 minute to midnight glos, labour will be held to account as they should be but there has been too many services missed and the economy is failing its MOT.

[Sprotyrover]

Those that wish to pay for tax may get their wish if Labour get in.


https://x.com/PolitlcsUK/status/1801196607817302275

It's all sounding a bit desperate for the tories at 1 minute to midnight glos, labour will be held to account as they should be but there has been too many services missed and the economy is failing its MOT.

Do you pay income tax in Oz Syd?

[SydneyRover]

Is it any of your business spotty?

[Mike_F]

I've said a number of times the staircasing of UK income tax isn't the right way, have more brackets and more of a smooth curve.

A very sensible proposition.

[Sprotyrover]

Those that wish to pay for tax may get their wish if Labour get in.


https://x.com/PolitlcsUK/status/1801196607817302275

It's all sounding a bit desperate for the tories at 1 minute to midnight glos, labour will be held to account as they should be but there has been too many services missed and the economy is failing its MOT.

Do you pay income tax in Oz Syd?
[/quote
You will struggle to reach the tax threshold selling Aussie rules footie programs!

[BillyStubbsTears]

I've said a number of times the staircasing of UK income tax isn't the right way, have more brackets and more of a smooth curve.

A very sensible proposition.

I'd agree with this. The argument used to be that it would be too complex for people to follow, but the current system is a mess, and includes ridiculously high marginal rates at the boundaries.

[danumdon]

I've said a number of times the staircasing of UK income tax isn't the right way, have more brackets and more of a smooth curve.

A very sensible proposition.

I'd agree with this. The argument used to be that it would be too complex for people to follow, but the current system is a mess, and includes ridiculously high marginal rates at the boundaries.

Agreed. The Brown inspired 10%rate was a good thing for people on low incomes, he should of been more expansive with the rates above.

[Sprotyrover]

I've said a number of times the staircasing of UK income tax isn't the right way, have more brackets and more of a smooth curve.

A very sensible proposition.

I'd agree with this. The argument used to be that it would be too complex for people to follow, but the current system is a mess, and includes ridiculously high marginal rates at the boundaries.

Agreed. The Brown inspired 10%rate was a good thing for people on low incomes, he should of been more expansive with the rates above.

Figures and money have never been Brown botties
Strong points especially the Gold rate!
And the financial Tsunami you can cause when you raid Pension schemes! We are still reeling from that effing blunder!

[SydneyRover]

Those that wish to pay for tax may get their wish if Labour get in.


https://x.com/PolitlcsUK/status/1801196607817302275

It's all sounding a bit desperate for the tories at 1 minute to midnight glos, labour will be held to account as they should be but there has been too many services missed and the economy is failing its MOT.

Do you pay income tax in Oz Syd?
[/quote
You will struggle to reach the tax threshold selling Aussie rules footie programs!

it's ntk spratty

[BillyStubbsTears]

I've said a number of times the staircasing of UK income tax isn't the right way, have more brackets and more of a smooth curve.

A very sensible proposition.

I'd agree with this. The argument used to be that it would be too complex for people to follow, but the current system is a mess, and includes ridiculously high marginal rates at the boundaries.

Agreed. The Brown inspired 10%rate was a good thing for people on low incomes, he should of been more expansive with the rates above.

Figures and money have never been Brown botties
Strong points especially the Gold rate!
And the financial Tsunami you can cause when you raid Pension schemes! We are still reeling from that effing blunder!

David Attenborough voice:

Here, lost in a wilderness and unable to form coherent thoughts, one of the tribe members rants about Gordon Brown having caused the GFC. This pitiful scene raises grave concerns over the tribe's ability to engage with the modern world.