It looks like you're new here. If you want to get involved, click one of these buttons!
Subscribe to our Patreon, and get image uploads with no ads on the site!
Base theme by DesignModo & ported to Powered by Vanilla by Chris Ireland, modified by the "theFB" team.
Comments
I disagree with higher earners paying a higher rate of tax. I just think its wrong in principle. The 40% threshold punishes a lot of people who aren't well off at all. 40% of your income, going to the government: that's a real big take.
20% flat rate, with threshold at something like 18 or 20k, maybe higher. More people would have more money, spend more etc etc. It would balance out.
and put tax on fags through the roof.
I completely agree. I want Nick Clegg to get massive credit for doing the right thing. Cameron was absolutely insistent that a 10k threshold was unaffordable.
Can anyone here imagine Dave sacrificing his skin to "do the right thing" ??
It really should be a few grand more though IMO
Do we really want people on 12-14k paying the same tax as people on 20k+ I'm happy for people struggling on 12k to keep all their cash (ex NI).
12k is fuck all to live on. I think past a certain income threshold, everyone should pay a flat rate of tax. As it is today, about 5% of all tax revenue comes from around 3 to 4000 individuals. The wealthy prop the system up. The tricky thing is that the very low paid pay proportionally (out of all their income) more, and they feel it more. Perhpas the answer to this is the route that;s being taken - raising the threshold.
I disagree with higher earners paying a higher rate of tax. I just think its wrong in principle. The 40% threshold punishes a lot of people who aren't well off at all. 40% of your income, going to the government: that's a real big take.
20% flat rate, with threshold at something like 18 or 20k, maybe higher. More people would have more money, spend more etc etc. It would balance out.
and put tax on fags through the roof.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
It's not 40% of your income though, it's 40% after a certain point, which seems ok to me. £32,000 is the threshold, which I assume is over average? It's a decent income, to describe it as 'not well off at all' is a bit of a push, my take is that you can spare a bit more when you're earning more.
Manchester based original indie band Random White:
https://www.facebook.com/RandomWhite
https://twitter.com/randomwhite1
Example - household one - one parent working, salary 48k, paying 40% tax on the over threshold amount (6k ish). Other parnet at home, kid raising etc,
Household 2 - two parents working, say 35k each, paying only 20% tax rate on all income. Not right.
Privilege is an emotive word. Most people earning over the 40% tax bracket have worked hard and long to get there.
Staggered tax rate elevators punish people for increasing their earnings. I just don't agree with that. On flat rate, as you earn more, you pay more money into the system. People who earn more, have more money to spend and save, the money flows more round the system. It would be good for us all I reckon.
Its impossible for smokers to overpay tax, the dirty buggers. Kill em all off, then we;d have 20% less adults, and there'd be more room in lots of places. And less smell. It would be great.
Manchester based original indie band Random White:
https://www.facebook.com/RandomWhite
https://twitter.com/randomwhite1
The thing is, the 40% tax rate hits loads of people. It used to be only the select few hit it, but I think in Gordon Brown's tenure as chancellor, something like 2 million more people slunk into the 40% band. It nullifies most middle earner's pay rises totally. If you and I were running the shop, and I had to compromise on a tiered taxation method, I'd say OK, but raise the 40% threshold to 100k.
Removing the rate, or highering it just allows people to get more of their earnings, and then this in turn puts the money into society via a different route. The government gets it through VAT (for example). But the difference is, people FEEL better. When you feel better, you tend to spend more, so the money comes in, just via a different door.
Manchester based original indie band Random White:
https://www.facebook.com/RandomWhite
https://twitter.com/randomwhite1
Until we reach a point where the top/privileged are paying so much that they actually have the same net income as those at the bottom/underprivileged there will always be people calling for them to contribute more. It doesn't matter that it's the money that virtually everything that goes towards society comes from the toppies anyway - that money isn't relevant - it's the money that the toppies have left that appears to be some folks' focus.
If I were an alien looking at this system I think I would question why attitude of the bottomies towards the toppies is one of hostility when gratitude would seem to be most logical.
Manchester based original indie band Random White:
https://www.facebook.com/RandomWhite
https://twitter.com/randomwhite1
Because the really rich could help out a hell of a lot more and barely even notice?
I am obviously not a commie/leftie, but I also like to think that aliens have done away with a system where people can have way more assets than they could ever need, while in other parts of the world, people are dying of starvation and expose.
Manchester based original indie band Random White:
https://www.facebook.com/RandomWhite
https://twitter.com/randomwhite1
The super rich will just piss off to warmer climates - everyone has a go at Tory Lords yet still buy records by the Rolling Stones, Clapton, ELP, Led Zep, Rod Steward and watches Sean Connery films .. in the 70s they all pissed off to the US to save tax yet they don't get slagged off.
Remember, it's easier to criticise than create!
No, I am not talking about high-rate tax payers, but people with (say) £50m+ of assets, either in their names, or the names of their owned companies. I am sure they can afford to pay a little more tax, and I would hope that if aliens visited, they would be fairly quick to point out the ridiculousness of it given the bigger picture.