Avoidance is legal so i assume it wouldn't.
But sheltering and evasion would obviously be included, and thats where the 5% gap comes from.
Tax.... what is everyone’s problem with it?
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Avoidance is legal so i assume it wouldn't.
But sheltering and evasion would obviously be included, and thats where the 5% gap comes from.
Already done so if you'd read up:
https://forums.overclockers.co.uk/posts/33184397/
80k is not a high salary in a high cost of living place.
That's a one-off payment though based on a large purchase. That's like saying you paid 10x as much tax because of the VAT on your new Lambo compared to someone's new Fiesta. You aren't paying that on a yearly basis unless you're buying new property every year.
And based on spending twice as much on a property, a £375,000 property in London would have the same £3,750 tax. A £750,000 property in Burnley would have the same £27,500 tax.
The rules are the same and that's unfair?
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Except it's comparing a huge house to a small flat, not a hatchback to a super car. It'd be more like the person in Plymouth being able to buy a Lamborghini for half the price and a fifth of the tax Vs a fiesta for twice the price with 5x the tax...
I'm not complaining about property prices here, more the ridiculous ramping of taxes that don't consider the cost of living differences. Would it not be fairer if a 2 bed flat attracted the same rate of tax as any other 2 bed flat regardless of where it is, and a 4 bed detached house attract a higher rate, as a as a lever of how "well" somebody is doing in their area? And being a percentage you'd pay more in London than Plymouth, but in a far more like-for-like way ?
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Associate
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After seeing a Tedtalk I've recently been thinking of salary / wages as trading your life for money.
When you total up the total tax a person pays (income, vat, council tax, national insurance, fuel duty etc) and then indirect taxes such as corporation taxes, business rates etc (ultimately the consumer is the one who pays) the percentage is really quite staggering.
When you then compare this percentage to the lifespan you've traded away to the taxman I don't feel most people get a particularly good deal.
When you total up the total tax a person pays (income, vat, council tax, national insurance, fuel duty etc) and then indirect taxes such as corporation taxes, business rates etc (ultimately the consumer is the one who pays) the percentage is really quite staggering.
When you then compare this percentage to the lifespan you've traded away to the taxman I don't feel most people get a particularly good deal.
Life is a tragedy for the vast majority, just coasting through each day doing things we either don’t want to be doing or shouldn’t be doing if we really wanted a better life. Just think of all the time some of us (me included) have spent on this forum.
I'm definitely complaining about property prices, I live in Brighton where we earn about average and houses cost not far off London prices. But that's not really relevant and an entirely different discussion.
But the fact is the earnings increase for London more than accounts for price difference and increase in tax. Lets take the £40k in Burnley for example, in ten years that's £304,000 post tax. £80,000 in London is £545,000 post tax over the same ten years.
Burnley - 25y Mortgage for £337,500 with a 10% down payment (£375k), £1,767/m, £3750 property tax. Total over 10 years: £215,790 - Expendable income = £88,210
London - 25y Mortgage for £675,000 with a 10% down payment (£750k), £3533/m, £27,500 property tax. Total after 10 years: £451,460 - Expendable income = £93,540
Seems that the increased wage in London is enough to account for the difference in taxation on higher-cost property. That's before you take into account things like quality of life, opportunities to progress etc. I'd much rather live in London than Burnley.
Not really. Space is at much more of a premium in places like London, taxes are based on the price as that's the only way to do it fairly. Why should someone in Stoke paying £100k for a house in a less desirable area, with fewer opportunities pay the same as someone that can afford £1,000,000 in the capitol? Just because the property has similar dimensions. It would also take lower-cost properties even further out of reach for those trying to get on the ladder.
Completely missing the point yet again.
Same percentage not same amount.... Atm you pay a much higher percentage of a much higher amount...
My suggestion was gear the percentage increase on property type and size. Ie SDLT for sub 600sq [2]%, sub 1000sq ft [3]% etc, instead of the increase in % being tied to the purchase price. In your example the stoke person wouls pay 2k and the London person 20k for a similar size flat, much fairer than the current 0k and £43,750...
Soldato
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It's a perfectly reasonable argument. Your statements don't make sense.
And a letter from me to my MP will change **** all.
Are you from another planet?
Caporegime
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Oh your right moaning on a forum is much better.
Public spending is inefficient but the public don't help they turn a blind eye.
It's someone else's job to clean it up not theirs.
Everyone has a responsibility to make a better society. Including taxpayers.
I take it your Dad wasn't on min wage, because annual fees of £12k+ per child isn't doable on min wage, which is/was what, £15k gross per year...
Anyway you don't think it's sad, that parents on min wage would feel forced to send their kids to private school, because in their eyes state schools weren't going to allow you to fulfil your potential?
Obviously your parents didn't think state schools were worth a damn.
Life is a grind, often joyless, for the vast majority.
Everybody these days is going off sick with stress, etc.
I guess that's why people are so motivated to beat the curve and get out of the rat race. Life for your average worker is just work, work, die.
Life sucks, and it's really not the universe's fault, it's just the way we've made our bed/society. Where everything is run for the ultimate benefit of a few.
Just because you're particularly jaded doesn't mean life sucks for everyone. There are plenty of opportunities in this country - though sometimes you need to work for them and put in a bit of effort. If you're expecting things to be handed to you on a plate or to add minimal value at work and have some unrealistic expectation of the resulting lifestyle you can get form doing that then perhaps you will be a bit jaded. That isn't really anyone else fault though.
What do you actually know about me, dowie? You just carry on making those assumptions and pretending to be an authority (about literally everything).
Also maybe come to Cornwall and see how much life does in fact suck for most people who live and work (hard) here. We can't just all "work smarter, be more successful, move to London and work for the banks". Or whatever your "aspirational" nonsense solution is.
Real life for most people *is* work, work, work, die. And most don't even enjoy their jobs.
Perhaps. But most prefer to just moan rather than doing anything to fix it for themselves.
People think they deserve something for nothing. They want government services, but they don't want to pay for them. It's a culture of entitlement that's rife within the libertarian and conservative communities.
I know you made a thread about earning 50k in 5 years then decided to sack it off and get a cat.
I mean whether you put the effort into finding a job you enjoy or are prepared to take risks or move for a bit or get further qualifications is down to you. Sure there are aspects of luck and you’ve got to play the hand you were dealt but it’s not much good getting all jaded about it when you have a lot of control over the situation you find yourself in too.
I don’t claim to know everything but I do try to pay attention to detail/call out BS etc..
I think this is likely BS and just you projecting your own jaded views.
For example this just came up on google:
https://yougov.co.uk/topics/politic...wage-balance-how-many-brits-their-job-and-the
Apparently the majority of Brits do enjoy their jobs and seem ok about the pay too.
Real life is work work work? Well not for the first 20 years-ish and not for the last 15-ish after either. And if you pick something you enjoy then so what?
If life sucks move or work somewhere else. I live not far outside of London and work in Edinburgh ffs. For that I work a 4 day week and get paid very well for it and retain a reasonably decent work life balance and a decent standard of living debt free. As an Engineer, I design things and enjoy the sense of achievement of creating somethng from scratch and carrying it through to the finished article. Perhaps Im lucky because I work in a field that I am actually interested in so it doesnt feel like a chore as I enjoy what I do. Sure work can be a pain in the backside sometimes and I would sometimes rather be chillin on a beach in the sunshine but nothing can be great all the time but I can say I enjoy work a lot more times than I dont.
People should invest time in training towards things they have an interest or passion for. Work constitutes such a big chunk of your life / time, getting stuck in a rut and not doing anything they enjoy, its not surprising it makes them miserable.
We have some very unhealthy attitudes to work in this country that contribute to unhappiness, as measured by various parties.
Our work life balance is poor. We're like the US - obsessed with working.
In this very thread there was someone who said you don't deserve much if you "just" do a 9-5 job.
So let's get this straight, working (hard even) for 8 hours a day is a poor effort as far as people here are concerned.
I do find the attitudes of people towards work in this country very odd. People want to be driven to the brink of burn-out - they see that as a means to self-improvement, rather than being an unbalanced way to live your life.
Funnily enough a lot of the countries with better happiness and better work/life balance also pay more tax than we do. But they're all dirty socialists, eh
The only true path is ultra-capitalism, with as small a govt/state as possible.The Systems and is really not fair.
I have to pay Both employer and employee NI
On a income of £114k my take home is £66.5k, however on a income of £142 000 my take home pay is £76k.
How is it even remotely fair. I have to earn £28k to take home £9.5k It’s simply not worth it and I would rather go part time and actually have some time for my family.
I have to pay Both employer and employee NI
On a income of £114k my take home is £66.5k, however on a income of £142 000 my take home pay is £76k.
How is it even remotely fair. I have to earn £28k to take home £9.5k It’s simply not worth it and I would rather go part time and actually have some time for my family.