Clegg wants to hit millions earning over £50,000 with higher tax bills

I despise the use of the word "fair" in this context. "Fair" does not mean squeezing one section of society to subsidise another. It may be practical, but it is not "fair".

Anyway, I hope that any tax increase would be related to assets rather than raw income. I earn well over £30k PA, yet my disposable income pales in comparison to my friends who have two kids and live primarily on benefits (with some occasional cash-in-hand work). Sometimes I idly consider quitting my job, knocking up some cheap bint, and living the easy life at the state's expense.
 
Biohazard said:
The treasury minister is apparently quite determined in stamping out evasion and iffy avoidance.
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You can achieve between 80-85% take home through a combination of dividend payments and taking a tax-free salary plus having your spouse on the payroll to take advantage of her tax allowances. All perfectly legitimate and impossible to stop without affecting every small business out there. The Treasury is trying to stop those silly schemes where people only paid 1-10% tax.
 
Bear said:
They can and they have tried via IR35, I'm sure if they wanted, they could make it such a pain in the backside it could capture a lot more ltd company contractors.
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IR35 is easy to get around, they can't catch IT contractors without also catching plumbers, electricians, builders, solicitors, dentists, doctors and a whole host of other professionals who are self-employed.
 
This wont make a bit off difference even if it happens.
What needs to be done is stop foreign aid and stop paying benefits immediatley to any one from the EU as soon as they land here.
Its not like they can invest in major projects like in the past, practically everything has been sold off.
Only main source of income is tax, so altering that to get more taxes is all they can do.
 
danielanthony said:
But it's not a collective is it? It's the top 10% of PAYE earners who will be paying more even though they already contribute the most. Those on benefits don't pay into the system, they are effectively a drain on the system. Unfortunately people need to come to terms with the fact that if you have only £10 in your pocket that you raised through taxes you can only spend £10, not keep borrowing money off other countries for things we can't afford.
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Your read something not in there. I was not talking about the higher earner tax and even said all of us.
 
Who cares what Clegg wants is NEVER going to happen so its not even worth pretending to get riled up about.
 
Efour2 said:
Who cares what Clegg wants is NEVER going to happen so its not even worth pretending to get riled up about.
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Despite what lib dem up porters say.

He has done a great job.
He has implemented so many things, far above the vote tally should allow him. Because he has made deals. It's a coalition, he isn't in charge it's a we will give you this, if you support this. Lib dem supporters really baffle me.

So anything he says could come in, it all depends what he's willing to support in exchange.
 
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Theophany said:
£50,500 is not an enormous level of income.
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Yet that level of income does represent the top 10%. That seems like a pretty good definition of 'rich' or 'enormous income'. More than 90% of the folk in this good country get.

OpenToSuggestions said:
I think the UK has extremely high levels of taxation.
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Not sure how things have changed in the last couple of years, but I think the UK has the lowest overall tax burden in Europe, except for Ireland and the former Soviet States.
 
danielanthony said:
IR35 is easy to get around, they can't catch IT contractors without also catching plumbers, electricians, builders, solicitors, dentists, doctors and a whole host of other professionals who are self-employed.
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So they catch other professionals, it wouldnt be the first time poor tax legislation has been bought out and caught people they didn't mean to.

Let's face it, if they bought in the employment legislation which means it is easy to get rid of any permanent worker, then why would they ever need to employ contractors, they could get permanent staff and treat them as contractors and just hire them when they need them and them give them a weeks notice when they don't but at a fraction of the hourly rate.
 
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Biohazard said:
Cutting benefits is useless if the economy does not grow and produce jobs. Cut benefits if the alternative is there is fine depending on the structure and policies taken, if there is no sign of it all you end up with is a higher cost in the end. And I mean real jobs, not the work for a pittance idea that came out the other day.
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There are 100,000's of people claiming benefits they aren't entitled to, on both JSA/sick/council tax/rent been paid for them and people claiming while working cash in hand. That will equate to huge sum of money saved but no one has the balls to do it.
 
Smacks of a man desperate to recoup some popularity after shafting it all away by rubbing his core electorate up the wrong way.

I expect the Tories will just tell him to shove it somewhere or go away.
 
Who cares what Clegg says? He's a: never going to get them past his Conservative masters. b: Never get a whiff of power again after the ConDems get kicked out.
 
I really don't understand how he (or anyone) believes that people currently on about £50k don't pay a fair amount of tax. They do.
 
The UK government spends £1.8bn per day (75 million an hour, 1.25 million per minute). If the state stole all the wealth (100%) of the top 10 richest people in the uk £85bn. The uk government would take 46 days to spend it all.
 
Personally I hope that this does not happen.
A lot of people might pass this level of earning by way of overtime, on call and bonuses (normal not commision, not that it matters I guess). Some people work very hard because they are the main bread winner in the house, to take even more would make them less willing to work I'd expect.

Personally I fit into the above. Every £1 of my overtime is subject to HRT, so I have to do more of it to make it "worth while". For more of it to be taken, when I am blocked from getting benefits, would make me consider doing less.
 
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