Who Will You Vote For?

[Cousin Jack]

Let's not blame the financial crash, or Covid, or even Liz Truss, the rot started long before that.

[matt]

When did it start?

[MyLittleStudPony]

I think people can make their own judgements on how the last 14 years has gone.

[irie]

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[irie]

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[irie]

Had a whisper from a friend who 'knows stuff' that "Sunak is about to resign".

Wouldn't be surprised - with ministers turning against him he's finished.

[Yambo]

People are saying he's off to live in California in August. His kids are already in school there apparently.

[matt]

Nope, I've never had a penny off them.
Always worked PAYE so I've always paid my fair percentage in tax,Ni .
My point is a lot of these billionaires and chronies are not paying their FAIR percentage. They are deliberately given loop holes to avoid paying their fair share .

[porter_jamie]

Interestingly you need to earn about 45k+ so you are not a net drain on the country's finances. When people say tax the rich, they are already paying the vast majority of the tax. if they all fuck off, we are screwed.

[matt]

It boggles my mind how some of you think.

[Mr. Dazzle]

Interestingly you need to earn about 45k+ so you are not a net drain on the country's finances.

I doubt it's deliberately set this way, but for many years it's been the case that the "net contributor" threshold is about the same as the "higher rate tax payer" one

Companies are given incentives yes, you could call them loopholes I suppose. Better to get a small bit of something rather than a big chunk of nothing.

[porter_jamie]

https://www.ons.gov.uk/peoplepopulation ... ending2022

[Yambo]

My point is a lot of these billionaires and chronies are not paying their FAIR percentage. They are deliberately given loop holes to avoid paying their fair share .

'These billionaires' are often wealth creators, building businesses (which pay tax), employing peple (who pay tax) producing things people need (on which you pay tax) . . .

Indirectly they are responsible for a lot of the revenue that the government take and use. They may not personally pay lots of tax but then their billions are not liquid assets, their billions are their worth and it's tied up in business, property, whatever. If you were very wealthy you too would try and keep as much of it as you could. Your life might be a bit different if those billionaire wealth creators suddenly disappeared.

Your political leaning is called the politics of envy.

[matt]

Nope not envious at all , like I said before I pay my fair share in taxes, I'm happy to do that. I just want the super rich to pay their fair share as well.
So you're wrong.

[Mr. Dazzle]

I'm happy to do that. I just want the super rich to pay their fair share as well.

They probably need to pay less then

Top 1% is anyone earning > about £500k BTW. Top 50% is "only" £35k.

So 1% of earners pay slightly more than a quarter of all the income tax in this country. Or...half of the population (the bottom 50%) pay only a third of what those hated rich pay.

[matt]

I'm on about tax avoidance and loop holes,not about normal people who pay it

[Count Steer]

I'm happy to do that. I just want the super rich to pay their fair share as well.

They probably need to pay less then

Top 1% is anyone earning > about £500k BTW. Top 50% is "only" £35k.

So 1% of earners pay slightly more than a quarter of all the income tax in this country. Or...half of the population (the bottom 50%) pay only a third of what those hated rich pay.

Be interesting to see that figure based on % of income that each percentile contributes rather than % contribution to the tax take.

Thing that always makes me is that (some of) that 1% also qualifies for state pension. (I know in the overall picture it doesn't amount to a hill o' beans but it's a bit odd that they can get benefits. ).

[Mr. Dazzle]

Be interesting to see that figure based on % of income that each percentile contributes rather than % contribution to the tax take.

Like this you mean?

It's actually reasonably equitable!


There are loads of benefits you could legitimately argue should be means tested (pensions and healthcare being the obvious start), but it gets to a point where it's more complicated and costly than just paying it to everyone doesn't it?

It's like how anyone employed by the government (i.e. MoD, civil service etc) still pays income tax on their salary - which was paid from tax take in the first place

[Count Steer]

Be interesting to see that figure based on % of income that each percentile contributes rather than % contribution to the tax take.

Like this you mean?

It's actually reasonably equitable!

It shows how skewed things are with the non-progressive taxes pretty clearly too.

[Mr. Dazzle]

If you want a genuinely fair picture you'd also have to add in how much each group "gets" from Tax.

Benefits obviously. But then how do you place a value on policing or financial regulation or arts development or or or or...