The rich benefit more from society than they give back. They're rich after all. As for people threatening to leave the country is an empty threat. It always has been and always will be. Did you know that despite the bleating about the bank bonus tax, the number of bankers leaving the country to work elsewhere has actually fallen not risen?
Budget 2010
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The rich benefit more from society than they give back. They're rich after all. As for people threatening to leave the country is an empty threat. It always has been and always will be. Did you know that despite the bleating about the bank bonus tax, the number of bankers leaving the country to work elsewhere has actually fallen not risen?
This is, and always has been, a fantasy of right wing nutjobs. It's not remotely true except - perhaps - at the very extremities.
I thought you were more intelligent than asking a loaded question such as that. It is compeletly subjective and ultimately dependant on how you define "fair" and you know it.
Poor people would be entirely taken out of the income tax reigme with a tax free allowance set at £12/13k. Which means they will be better off, how is that not clear to you?
Treating people differently is, by definition, unfair. If you were to have a fair tax system, everyone's tax liability would be exactly the same.
You may want to rethink your terminology - perhaps we don't want a fair tax system. There's nothing wrong with that, but lets not kid ourselves.
I don't purport to be an economist and I haven't read into such theories in any detail, I simply remember Dolph mentioning it. One thing that must be the case though, is that with lower taxes more people stay in the country and businesses flock to the U.K. which in turn = more jobs ergo more tax revenue?
and so it starts again. The people who come on here and earn 100's of grands moan that the tax is way over the top and the NORMAL people earning a OK wage say they should pay more.
100K a year is a lot of money to most people. These kinda people drive flash cars and think they are the nuts, mostly they are right tight as well which is probably why there rich in the first place.
I say tax them to hell
(but is that because i'm poor? probably yes) 
100K a year is a lot of money to most people. These kinda people drive flash cars and think they are the nuts, mostly they are right tight as well which is probably why there rich in the first place.
I say tax them to hell
(but is that because i'm poor? probably yes) 
Soldato
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Wrong.
When Thatcher reduced the top rate from 60% to 40%, revenues shot up in the very same effectual tax receipt tax - because the cost of avoiding paying tax was high enough to warrant not pursuing tax avoidance (fraudulent or otherwise). Repeated studies have been done about this - a simple Google will take you to plenty.
http://en.wikipedia.org/wiki/Laffer_curve
http://www.heritage.org/Research/Reports/2003/08/The-Historical-Lessons-of-Lower-Tax-Rates
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and so it starts again. The people who come on here and earn 100's of grands moan that the tax is way over the top and the NORMAL people earning a OK wage say they should pay more.
100K a year is a lot of money to most people. These kinda people drive flash cars and think they are the nuts, mostly they are right tight as well which is probably why there rich in the first place.
I say tax them to hell
There's a lot of people who earn a pittance, but are still clever enough to see that there's something flawed about screwing over the successful end of your population, especially when that demographic have the fewest obstacles to picking up sticks and leaving.
I think you're referring to the Laffer curve
If governments were businesses then they should always try to be at t* - the important questions are, where is t*? and where are we now?
With inflation being ~3% at the moment it equates to a 4.14% increase in price overall. Means a bottle of Magners from Wetherspoons is likely to go from £2.80 to £3.
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The Laffer curve is a joke. Really, you destroy your credibility by even mentioning it in any other context.
Is VAT payable on alcohol? If so you need to figure in that too as they delightfully charge you VAT on the duty if it is.
because it is.
that is 4 years pre tax earnings for me so STFU.
with that kinda income feel free to bugger off somewhere else if you don't like it.
**** that
The pure jelously shown on this thread is staggering. Just because they had the intelligance and pure hard graft to get to the point where you earn 100K a year and then you get some idiots who can't do the same scream "unfair" truely winds me up.
It's not hate the rich, it's hate the successful, just because they don't lay about waiting for hand outs
The pure jelously shown on this thread is staggering. Just because they had the intelligance and pure hard graft to get to the point where you earn 100K a year and then you get some idiots who can't do the same scream "unfair" truely winds me up.
It's not hate the rich, it's hate the successful, just because they don't lay about waiting for hand outs
Surely that would depend upon your outgoings?
Pretty much irrelevant, if you can do the work that can command such a salary then why not work towards it?
If the top 1% took your advice then the money the government gets from income tax would fall 25%. If the top 10% took your advice the money the government gets from income tax would fall by 50%. The services used wouldn't change by anywhere near as much so what do you propose to make up the shortfall?
First of all, massive lolz at the jealous people in this thread, lets tax the rich out of the country so we are left with just the economic drains, excellent idea.
Secondly the budget was a joke, it irks me to even call it a budget.
Lastly why the hell do the government who receive tax from me in the form of
-Income Tax
-NI
-VAT
-Council Tax
-Road Tax
-Fuel duty
-NI from my employer
-Tax from employers profit
-Insurance premium tax
etc etc justify borrowing the equivalent of £5,000 for every man woman and child in the country over the next two years, here is a hint, limit spending you ******* morons.
Secondly the budget was a joke, it irks me to even call it a budget.
Lastly why the hell do the government who receive tax from me in the form of
-Income Tax
-NI
-VAT
-Council Tax
-Road Tax
-Fuel duty
-NI from my employer
-Tax from employers profit
-Insurance premium tax
etc etc justify borrowing the equivalent of £5,000 for every man woman and child in the country over the next two years, here is a hint, limit spending you ******* morons.
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