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10p tax band
- Thread starter shifty_uk
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"Death man...Woaoh,dude, leik for real." "tru, true" "sucks man" "aye"
Soldato
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- 28 Nov 2004
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And probably the only decent Lib Dem policy.
Tax should be a sliding scale (like in Germany) from 5% all the way up to 50%.
The more you earn the higher you should be taxed. Simple. I am sure those on 40K and 100K plus can handle it...or they could go home and cry on their designer sofas wondering if they would need to sell their BMWs or expensive watches whilst the poor cannot afford to buy food, heating or put fuel in theri cars.
I don't mind paying the 40% or 50% if I earned an amount that puts me in those bands, Thankfully I am hovering (dangerously!) close to the 40% band so I take home a nice amount without the pain!
For anything other than the 40%? not for a long time as it doesnt interest me, infact the 40% no longer does either
Why did i think that the 50% was actually in place? never mind :]
But that would be the case with a flat rate of tax anyway.
When was the last time you checked the tax bands?
It's been 40% for years now, and the 22% rate has dropped to the 20% along with the personal allowance going up to £6k this budget.
For one year remember !! The allowance that is.
I think a lot of people are forgetting that their tax money is THEIRS and not the governments...the government had no right to steal your money. Also most of us on this board are responsible adults and can spend our money in a more responsible manner than the government can.
Personally - all I care about is being able to help my family. Private healthcare is cheaper than NHS so the NHS should be done away with. Responsible people don't need benefits so those should be done away with as well. The only thing the government should do it protect against invasion, coin money, regulate international trade and provide police/fire services; everything else is just a waste of my money which could be better spent on my daughter's education.
Personally - all I care about is being able to help my family. Private healthcare is cheaper than NHS so the NHS should be done away with. Responsible people don't need benefits so those should be done away with as well. The only thing the government should do it protect against invasion, coin money, regulate international trade and provide police/fire services; everything else is just a waste of my money which could be better spent on my daughter's education.
Soldato
- Joined
- 25 May 2003
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- Limehouse
Rubbish. Why bother trying to be successful when the government is going to take such a huge share of it. It's like bonuses, your company rewards you for success and Darling takes 40% there and then
You are completely clueless. I'm not even going to begin to try to explain how wrong you are, please read up on the history of the welfare state and I'm sure you'll understand why our benefit system is vital.
Sorry there Zefan - my frame of reference is different to a lot of people's on here. I'm not a UK native, and I know what it's like to live in a place where you get more of your money in your pocket. I've seen both sides of the fence and I know what I prefer. I may be a lot of things, but clueless sure isn't one of them!
I would, given that someone earning £100k will be paying more tax if they were taxed 20% then someone earning £30k at 20% anyway.
I pay 40% tax, and as a result am probably worse off then you. I'm happy for you that you think it's ok and gloat as such, but I'm pretty ticked off.
how are you?
your NI contributions go down for a start and your only paying 40% tax on anything over the threshold.
How can someone be in the 40% tax bracket and be worse off compared to someone on the 20% bracket due to the tax system ??
If you're only just over the threshold, you can be worse off then someone who is just under. There were some figures on it with the latest budget, will see if I can find em.
That aside, I don't see why a flat rate tax isn't fair.
That aside, I don't see why a flat rate tax isn't fair.
Please do find them, because someone over the threshold will still earn more than the person under it.
1% when in the 40% bracket?
Yeah, say you are at the 36k threshold, you pay x amount in tax, you get a raise to 36,100, and you get taxed x+40, seeing you still £60 up.
Yes, NI is 1% after the 40% bracket.
You either pay 20% tax + 11% NI, or 40% tax + 1% NI.
Some of us aren't so selfish though and would rather not have thousands of people die every year because they can't afford healthcare or don't qualify for it like in the usa. Private healthcare is actually in fact much more expensive and far from guaranteed, hence america spending twice as much per person compared to the uk. Also if there wasn't free education for everyone the countries economy would go down the pan. As for "responsible people don't need benefits", I'm speechless. The every man for himself attitude should have died hundreds of years ago.
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More accurately, you either pay 20% tax + 11% NI or 20% tax + 11% NI up to the limit and 40% tax and 1% NI on anything above it.
The percentage NI might drop, but the amount of NI still keeps going up. Albeit slower.