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Tax the poor - not the rich
Comments
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The_White_Horse wrote: »There are far more poor people, so we should take more of their money. plus more punitive rates will encourage people to earn more.
It should be:
0-10,000 = 60%
10k - 25k = 40%
25k - 50k = 20%
50k + = 10%
much fairer. and lets face it, the poor use most of theservices provided by our taxes.
Plus, private medical and private school fees should be tax deductible. There are 4000 kids without school places in London this year! If parents didn't send children private, this would be 20-30000 kids without school.
In any case, it is pure discrimination to charge people a higher rate as they earn more. why not charge men more, or blondes more, or black people more?? because it is discrimination.
There should be one rate of tax, at 25% and someone earning 10k will pay 2.5k and someone on 100k will pay 25k. That is fair. that is the only fair way.
You're either a high earning toff who's had life handed to him on a plate and hates the thought of paying something back or you're a no good lay about that doesn't pay tax but likes to goad those of us who do with provocative and ignorant comments.
Either way, one thing is clear, you have no idea how hard it is being at the bottom of the ladder and having to fight your way up, each day having to streach what little money you have to satisfy the governments thirst for taxes and still feed your family.
How do i know you're not self made? .....because those of us who come from nothing and have success don't complain about the tax, we're just thankful for the fact we have finally got some money to treat our families to the things we never had.
We respect those in the struggle, because we've been there, we certainly don't wish further hardship on them or deny them what little help the state gives them.
Charging the poor higher tax takes food off tables, charging the rich more tax takes zeros of bank balances that have way too many already, i rest my case.0 -
Everybody has essential bills and it is a greater percentage of poorer incomes - you can't take anymore ££ in taxes away else there will be nowt left!!!
Richer Incomes are likely to have more disposable incomes after essentials are paid so why shouldn't they contribute more?
What is silly is the minimum wage is subsidised by the tax payer anyway in Working Tax Credits, Housing Benefits etc.
If you increased the personal tax allowance then you could take away mountains of costly benefits processing and potential overpayments.0 -
Lower earners pay a higher percentage in tax than higher earners.
Somebody earning £20K pays a higher percentage in VAT than a higher earner buying the same products.
Under the Tories, the tax take increased but higher earner undoubtedly paid less tax. Therefore, lower earners MUST have been paying more despite the notional reduction in income tax rates.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
Surely got to be a wind up, or has some Frankenstein cloned another Thatcher? It's frightening if you really believe this.
Just in case you are serious, I don't think anyone should be able to consistently earn more than 100k/annum because no-one could work that hard to justify this amount. The amount of Tax should be based on their contribution to wider society not the firm they work for.
You have forgotten about supply and demand. That's the way it works now. If you are the man for the job and agree to do it but only for xxxxxx pa a year you will get the job and they will pay that kind of money. And so it goes on until the pay and perks exceeds all that can be considered reasonable.0 -
Jake'sGran wrote: »And so it goes on until the pay and perks exceeds all that can be considered reasonable.
Viz Premiership footballers.0 -
instead of an income tax and corporation tax, national insurance, inheritance tax, council tax, tv license etc probably a fairtax would be better like has been suggested in usa.
fair tax is different from flat tax rates.
for details on how fairtax is better for all, please see this link
fairtax policy decreases lifetime tax outgoings paid by individuals and gets rid of govt waste by getting rid of tax dept admin expenses for policing etc by huge numbers. it is cost effective and also increases funds available to the govt. see the fundamentals explained in this link
for more detailed FAQs see this link
having a fairtax regime for all need not necessarily disadvantage vast sections of society. have an open mind and explore the links i have provided above and see for yourself if this is a valid alternative where waste in govt is got rid off. the only people who might not be happy with this policy would be the people in govt tax depts that might be getting laid offbubblesmoney :hello:0
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