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Labour Vs Coalition policy
Comments
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It was fairly pointless I agree, I was merely pointing out how moronic your statement was.
My point was it is easy to arrive at the wrong conclusion if you jump in with both feet
Originally Posted by Wookster
Today's Telegraph states that the number of tax payers declaring over £1million dropped from 16,000 to 6,000 just before the last election.
They must have been worried that the Tories would gain power and cleared off'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
chewmylegoff wrote: »Not working is a way of avoiding tax.
I suggest it isn't the motivation.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
I suggest it isn't the motivation.
It absolutely is a motivation in some cases. If you face a high marginal tax rate then there comes a point for some where it is not worth working. If e.g. You were going to be paid £20 for an extra hour's work but the govt was going to take £15 of that, would you do it? I bloody well wouldn't.0 -
chewmylegoff wrote: »It absolutely is a motivation in some cases. If you face a high marginal tax rate then there comes a point for some where it is not worth working.
Bit like a leech CBA to suck any more. Bloated enough."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
chewmylegoff wrote: »It absolutely is a motivation in some cases. If you face a high marginal tax rate then there comes a point for some where it is not worth working. If e.g. You were going to be paid £20 for an extra hour's work but the govt was going to take £15 of that, would you do it? I bloody well wouldn't.
You'd find a way around paying the tax though.0 -
Thrugelmir wrote: »You'd find a way around paying the tax though.
As a PAYE employee, I doubt it.0 -
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chewmylegoff wrote: »As a PAYE employee, I doubt it.
If you are the level paying 75% tax. There'll be a way.
Even if means moving your family to the Virgin Islands.0 -
Thrugelmir wrote: »If you are the level paying 75% tax. There'll be a way.
Even if means moving your family to the Virgin Islands.
I'm not sure how that would help me with my PAYE salary paid in the UK, pretty sure my employer would keep deducting the tax. More likely they would sack me for not turning up to work as my office is not in the BVI.
My salary + bonus calculation means that if I work really hard I can push my gross income into the region where I lose my personal allowance and get taxed at a marginal rate of 60%. Or I could not really bother to work too hard and scrape in just below that.
How hard do you think I am prepared to work to get each extra £1 of bonus for which I receive 40p? Or actually 39p with NI. The answer is that I am not.0 -
chewmylegoff wrote: »As a PAYE employee, I doubt it.
Pension contribution? but that is not the point, I was referring to the unemployed, I accept your point on the other (to a degree).'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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