Who should pay higher rate tax?

Spendless

My husbands' salary isn't enough for him to be a 40% tax payer, however he is one due to his company car. The same company car that we are taxed to death on, and then we have to add the value of this 'benefit in kind' on as income to salary for the purpose of tax credits. :rolleyes:

Think you can guess how I'll vote

Former_MSE_Andrea

Poll Title: Poll Started 28 November 2006: Who should pay higher rate tax? Everything earned above £38,300 a year is eligible for 40% income tax (compared to 22% basic rate tax).

Which of the following options is closest to your opinion? Remember if you lower the threshold millions more will be caught but if you raise it the tax needs to be made up elsewhere; probably by adding a percentage point or two on the basic rate.

C. Keep it at £38,000 30.5% (690 Votes)
D. Raise it to £48,000 30.2% (682 Votes)
G. There should be no higher rate 12.9% (293 Votes)
E. Raise it to £68,000 11.1% (252 Votes)
F. Raise it to £100,000 8.8% (200 Votes)
B. Drop it to £28,000 5.2% (118 Votes)
A. Drop it to £18,000 0.9% (22 Votes)

Total Votes: 2257

Thanks to everyone that's voted

nearlyrich

Spendless wrote:

My husbands' salary isn't enough for him to be a 40% tax payer, however he is one due to his company car. The same company car that we are taxed to death on, and then we have to add the value of this 'benefit in kind' on as income to salary for the purpose of tax credits. :rolleyes:

Think you can guess how I'll vote

This is also my issue, my company car is not a perk it's an essential tool to do my job, should we start charging tax each month on a plasterer's float or a doctor's stethoscope ?

I actually take home less than someone with 2 small children working part time and earning £15 k less than me due to benefits and tax credits etc. I treat parental contribution to student fees as a stealth tax especially since they keep changing the rules to get more money out of me!

I don't begrudge young families getting help with childcare etc even though I did it the hard way several years ago but it would be nice to keep a bit more of my hard earned money as I am not super rich by any stretch of the imagination.

fififofum

Al_Mac wrote:

Increase the 0% band.

Do away with tax credits.

Have a higher one band of tax.

Sack Gordon Brown. :money:

WELL SAID!

Mrs_pbradley936

If I had a magic wand there would be no tax on people earning less than £15000 a year and a 50% tax on those earning over £100000 a year.

Currently older people who have saved are hit because their investments are added to their pension and they are taxed. I would stop that until they had reached £15000 a year.

seven-day-weekend

My husband needn't worry about his £9.5k income too much then.....



...(although he does pay tax on it).

raymond

Cut back on the "hand outs" and there would be no need for such high taxes. It seems like for every person in a real job there is one getting paid out of their taxes, and many of the recipients get more money than quite a number of the workers. The whole system stinks.

ruth39

Of course a company car is a perk and should be taxed. Lots of who don't get company cars also need to use our cars both to get to work and during working time. We can claim tax allowances for mileage costs for driving done during work, but we pay the full cost of having a car outside of working time. Those w

ruth39

Of course a company car is a perk and should be taxed. Lots of who don't get company cars also need to use our cars both to get to work and during working time. We can claim tax allowances for mileage costs for driving done during work, but we pay the full cost of having a car outside of working time. Those with a company car use it not just during work, but also to get to and from work and at weekends.