| For those of you who think the current Income Tax structure is unfair... on 15:47 - Jun 7 with 2364 views | kensalriser |
Are you positing that people who earn more money work harder? |  |
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| For those of you who think the current Income Tax structure is unfair... on 15:57 - Jun 7 with 2342 views | Cliff |
and your point is? |  | | |
| For those of you who think the current Income Tax structure is unfair... on 15:57 - Jun 7 with 2341 views | SimonJames |
| For those of you who think the current Income Tax structure is unfair... on 15:47 - Jun 7 by kensalriser |
Are you positing that people who earn more money work harder? |
Not at all.
I'm just pointing out that for most people who sell their time for money (i.e a job), under the current system, the more you earn the longer you have to work to pay your taxes. |  |
| 100% of people who drink water will die. |
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| For those of you who think the current Income Tax structure is unfair... on 16:00 - Jun 7 with 2334 views | SimonJames |
| For those of you who think the current Income Tax structure is unfair... on 15:57 - Jun 7 by Cliff |
and your point is? |
The current income tax system is illogical. | |
| 100% of people who drink water will die. |
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| For those of you who think the current Income Tax structure is unfair... on 16:00 - Jun 7 with 2333 views | JamesB1979 |
I think what's more important is that top 1% pay 30% of all income tax today compared to 11% in the mid 1970s.
Therefore, the reaction of these 1% to an income tax increase is important....especially as the "extra" funds used are for money for NHS for example. My view is that people will increase their pension contributions (tax beneficial) to partially offset this and also these 1% earnings fluctuate given that a large % is bonus driven. This is excluding other ways that these people will look at such as shifting their earnings between income and capital. |  | | |
| For those of you who think the current Income Tax structure is unfair... on 16:01 - Jun 7 with 2327 views | kensalriser |
| For those of you who think the current Income Tax structure is unfair... on 15:57 - Jun 7 by SimonJames |
Not at all.
I'm just pointing out that for most people who sell their time for money (i.e a job), under the current system, the more you earn the longer you have to work to pay your taxes. |
That's an intrinsic feature of a progressive tax system. | |
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| For those of you who think the current Income Tax structure is unfair... on 16:05 - Jun 7 with 2311 views | Cliff |
| For those of you who think the current Income Tax structure is unfair... on 16:00 - Jun 7 by SimonJames |
The current income tax system is illogical. |
In what way? | | | |
| For those of you who think the current Income Tax structure is unfair... on 16:09 - Jun 7 with 2293 views | SimonJames |
| For those of you who think the current Income Tax structure is unfair... on 16:01 - Jun 7 by kensalriser |
That's an intrinsic feature of a progressive tax system. |
Sounds more punitive than progressive. | |
| 100% of people who drink water will die. |
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| For those of you who think the current Income Tax structure is unfair... on 16:14 - Jun 7 with 2276 views | swisscottage |
| For those of you who think the current Income Tax structure is unfair... on 16:00 - Jun 7 by JamesB1979 |
I think what's more important is that top 1% pay 30% of all income tax today compared to 11% in the mid 1970s.
Therefore, the reaction of these 1% to an income tax increase is important....especially as the "extra" funds used are for money for NHS for example. My view is that people will increase their pension contributions (tax beneficial) to partially offset this and also these 1% earnings fluctuate given that a large % is bonus driven. This is excluding other ways that these people will look at such as shifting their earnings between income and capital. |
This statement is misleading.
The fact is the really wealthy don't pay much income tax at all as a percentage of their income, and in fact that income tax burden from the 'top 1%' as you call it tends to be mostly taken from the 'upper' middle class.
Labour's idea of increasing income tax on those earning over 80k a year will mostly hit that level of middle class that many actually aspire to who have the biggest burden of tax, as opposed to the really rich who don't pay their fair share.
The fairest way to give a level of wealth distribution would be the implementation of a withholding tax similar to the Swiss system where you have to pay some tax based on the value of your assets as well as a lower level of income tax. | | | |
| For those of you who think the current Income Tax structure is unfair... on 16:21 - Jun 7 with 2241 views | JamesB1979 |
| For those of you who think the current Income Tax structure is unfair... on 16:14 - Jun 7 by swisscottage |
This statement is misleading.
The fact is the really wealthy don't pay much income tax at all as a percentage of their income, and in fact that income tax burden from the 'top 1%' as you call it tends to be mostly taken from the 'upper' middle class.
Labour's idea of increasing income tax on those earning over 80k a year will mostly hit that level of middle class that many actually aspire to who have the biggest burden of tax, as opposed to the really rich who don't pay their fair share.
The fairest way to give a level of wealth distribution would be the implementation of a withholding tax similar to the Swiss system where you have to pay some tax based on the value of your assets as well as a lower level of income tax. |
My comments were on the upper middle class. I don't think it will raise that much extra here.
I agree that the 80k to 120k lot will get hit the most because they will not be able (or have the means) to do what the upper middle class will do to "evade" this increase. | | | |
| For those of you who think the current Income Tax structure is unfair... on 16:30 - Jun 7 with 2222 views | swisscottage |
| For those of you who think the current Income Tax structure is unfair... on 16:21 - Jun 7 by JamesB1979 |
My comments were on the upper middle class. I don't think it will raise that much extra here.
I agree that the 80k to 120k lot will get hit the most because they will not be able (or have the means) to do what the upper middle class will do to "evade" this increase. |
If they're anything like me they will just reduce their charity donations to account for the extra tax.
Personally I prefer to determine where to send a percentage of my income, rather than have it dictated by government, but if government want to tax me an extra 1 to 2 k a year then they should be aware that actually they're taking that money from charities, not from me personally.
Similarly raising corporation taxes won't actually affect the bottom line profits of corporations as they just pass it on to the consumers ( you and I), as well as reducing workforce, recruitment and training, and increasing workloads on remaining workforce to compensate. | | | |
| For those of you who think the current Income Tax structure is unfair... on 16:33 - Jun 7 with 2209 views | stumbleandfall |
"Also I don't know many people on £50K+ who work less than 10-12 hours per day so they are putting even more time than those doing 8 hours per day."
Absolute shite. I know plenty | | | |
| For those of you who think the current Income Tax structure is unfair... on 16:34 - Jun 7 with 2205 views | Cliff |
| For those of you who think the current Income Tax structure is unfair... on 16:30 - Jun 7 by swisscottage |
If they're anything like me they will just reduce their charity donations to account for the extra tax.
Personally I prefer to determine where to send a percentage of my income, rather than have it dictated by government, but if government want to tax me an extra 1 to 2 k a year then they should be aware that actually they're taking that money from charities, not from me personally.
Similarly raising corporation taxes won't actually affect the bottom line profits of corporations as they just pass it on to the consumers ( you and I), as well as reducing workforce, recruitment and training, and increasing workloads on remaining workforce to compensate. |
I doubt everyone in your earnings bracket is donating anything like 1 to 2k per year, so the tax burden won't be mainly coming from the pockets of charities as you are seeming to imply | | | |
| For those of you who think the current Income Tax structure is unfair... on 16:52 - Jun 7 with 2160 views | hopphoops |
| For those of you who think the current Income Tax structure is unfair... on 16:30 - Jun 7 by swisscottage |
If they're anything like me they will just reduce their charity donations to account for the extra tax.
Personally I prefer to determine where to send a percentage of my income, rather than have it dictated by government, but if government want to tax me an extra 1 to 2 k a year then they should be aware that actually they're taking that money from charities, not from me personally.
Similarly raising corporation taxes won't actually affect the bottom line profits of corporations as they just pass it on to the consumers ( you and I), as well as reducing workforce, recruitment and training, and increasing workloads on remaining workforce to compensate. |
I believe this is known as a humblebrag these days ;) |  |
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| For those of you who think the current Income Tax structure is unfair... on 16:56 - Jun 7 with 2149 views | SimonJames |
| For those of you who think the current Income Tax structure is unfair... on 16:33 - Jun 7 by stumbleandfall |
"Also I don't know many people on £50K+ who work less than 10-12 hours per day so they are putting even more time than those doing 8 hours per day."
Absolute shite. I know plenty |
I take your point, but I said people "I know"... like primary school head teachers, very senior nurses, newly qualified doctors, software consultants etc. | |
| 100% of people who drink water will die. |
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| For those of you who think the current Income Tax structure is unfair... on 18:34 - Jun 7 with 2064 views | danehoop |
Just to add to this, after living in Denmark for so long I was always struck by the obessession with low taxation that is so popular and appears to have been born out of the American new liberal economic concepts.
In Denmark income tax effectively started at 35% and at the time went up to over 70%. Ignore all of the standard Danish Jantelaw concepts that everyone is equal in society, what it did provide for was good public services, decent education, top class infrastructure and a decent safety net. It was an ideal society by any means, but higher taxes were equated with decent public services and fairer society with less gaps between rich and poor, but still allowed for very wealthy people. When tax rates were discussed at one election, one of the leading parties lost votes for suggesting significant tax cuts as the impact of cuts was deemed to be unacceptable.
I must confess that I would prefer a fairer tax system that meant public services weren't decimated and the NHS could deliver than being reassured that those earning over 100k a year had their wealth unfairly reduced. |  |
| Never knowingly understood |
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| For those of you who think the current Income Tax structure is unfair... on 18:58 - Jun 7 with 2038 views | Boston |
The Danish word for tax is also their word for darling, it happens to be a word used in the North American Lexicon, for animal sh!t | |
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| For those of you who think the current Income Tax structure is unfair... on 19:10 - Jun 7 with 2017 views | Boston |
Oh yes, forgot to mention that approx 49% of the United States workforce doesn't pay any income tax.
The difference between a Danish System and over here is that a majority of Americans believe in a free society you should have as much choice and control over your life (money), as is possible. But, in an effort not to put of any Danes planning on traveling across the Ally O, we have plenty of free stuff. | |
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| For those of you who think the current Income Tax structure is unfair... on 20:47 - Jun 7 with 1908 views | SimonJames |
| For those of you who think the current Income Tax structure is unfair... on 18:34 - Jun 7 by danehoop |
Just to add to this, after living in Denmark for so long I was always struck by the obessession with low taxation that is so popular and appears to have been born out of the American new liberal economic concepts.
In Denmark income tax effectively started at 35% and at the time went up to over 70%. Ignore all of the standard Danish Jantelaw concepts that everyone is equal in society, what it did provide for was good public services, decent education, top class infrastructure and a decent safety net. It was an ideal society by any means, but higher taxes were equated with decent public services and fairer society with less gaps between rich and poor, but still allowed for very wealthy people. When tax rates were discussed at one election, one of the leading parties lost votes for suggesting significant tax cuts as the impact of cuts was deemed to be unacceptable.
I must confess that I would prefer a fairer tax system that meant public services weren't decimated and the NHS could deliver than being reassured that those earning over 100k a year had their wealth unfairly reduced. |
BTW I'm not suggesting low taxation.
I believe that tax revenues should be raised in other ways - primarily based on consumption - for example, taxing the sh!t out of luxury goods; or higher rates of vat on unhealthy things like sugar (and give the proceeds of those to hospitals) and zero rates on sustainably grown veg. | |
| 100% of people who drink water will die. |
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| For those of you who think the current Income Tax structure is unfair... on 21:40 - Jun 7 with 1856 views | sevenhoop |
| For those of you who think the current Income Tax structure is unfair... on 19:10 - Jun 7 by Boston |
Oh yes, forgot to mention that approx 49% of the United States workforce doesn't pay any income tax.
The difference between a Danish System and over here is that a majority of Americans believe in a free society you should have as much choice and control over your life (money), as is possible. But, in an effort not to put of any Danes planning on traveling across the Ally O, we have plenty of free stuff. |
Correct. I don't want a government of rank socialists, backed up by rank communists, deciding that they can spend my money more effectively than I can. The prospect of Len Mccluskey having a major say in government (and don't think he wouldn't) should scare the shit out of all right thinking people. Possibly more scary than Dianne Abbott being Home Secretary (if she recovers from her 'illness') |  | | |
| For those of you who think the current Income Tax structure is unfair... on 22:25 - Jun 7 with 1798 views | DannytheR |
| For those of you who think the current Income Tax structure is unfair... on 19:10 - Jun 7 by Boston |
Oh yes, forgot to mention that approx 49% of the United States workforce doesn't pay any income tax.
The difference between a Danish System and over here is that a majority of Americans believe in a free society you should have as much choice and control over your life (money), as is possible. But, in an effort not to put of any Danes planning on traveling across the Ally O, we have plenty of free stuff. |
Yeah, you're a beacon to the world.
http://www.newyorker.com/magazine/2017/06/05/the-addicts-next-door |  | | |
| For those of you who think the current Income Tax structure is unfair... on 22:27 - Jun 7 with 1793 views | danehoop |
| For those of you who think the current Income Tax structure is unfair... on 18:58 - Jun 7 by Boston |
The Danish word for tax is also their word for darling, it happens to be a word used in the North American Lexicon, for animal sh!t |
Skat is such a great word. As is Lort. [Post edited 7 Jun 2017 22:28]
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| Never knowingly understood |
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