if a lefty went to a restaurant, ordered the same meal

suicidebob

leveller2911 wrote: »

TWH has over 5,000 "thanks" so hardly a troll ...........

I don't think you know what a troll is...

shortchanged_2

James_B. wrote: »

That's simply not true. The highest paid pay 47% on virtually all of their earnings. No-one lower down pays this amount. The document to which you link makes it very clear that the lowest pay no tax at all.

But I would imagine that these highest paid still have thousands or even millions left over compared to some of the lower earners who may still need to contact a payday loan company to tide themselves over.

So given a choice which would you prefer?

I just don't get why the wealthy whinge so much when they still have so much more than the huge majority.

Mallotum_X

James_B. wrote: »

That's simply not true. The highest paid pay 47% on virtually all of their earnings. No-one lower down pays this amount. The document to which you link makes it very clear that the lowest pay no tax at all.

Your spin is disingenuous, as it would seem to consider only taxes, and not benefits. If the government takes £2k from you in taxes on your 10k salary, but gives you back £5k in benefits then you cannot claim that you have a tax rate of 20%.

The ONS figures don't back up your 47% assertion as an average position. I think you will find the seriously wealthy pay nothing like 40%, there are a whole raft of ways to minimise tax.

Agreed benefits come into play, however that would now be moving the goalposts somewhat. The point is valid that taxation impacts on the poorest significantly. Where their income comes from whilst ultimately related still doesn't change the impact.

captainhindsight_2

The tax system is unfair, people who earn more pay in more and take less.

Wealthier people also tend to be self employed and entrepreneurial and provide jobs and services that would not exist with out them.

They also take less, and use private schools private healthcare etc.

Paying higher proportions of tax the more you earn is unfair but probably necessary...

MFW_ASAP

purch wrote: »

He was on here last year moaning about being turned down for a bank account due to poor credit, so probably not.

Haha, we can't have anyone on here earning more than you, can we purch! :rotfl::rotfl:

suicidebob

captainhindsight wrote: »

The tax system is unfair, people who earn more pay in more and take less.

Wealthier people also tend to be self employed and entrepreneurial and provide jobs and services that would not exist with out them.

They also take less, and use private schools private healthcare etc.

Paying higher proportions of tax the more you earn is unfair but probably necessary...

Wealthy people knew the rules before they decided to become rich.

shortchanged_2

captainhindsight wrote: »

The tax system is unfair, people who earn more pay in more and take less.

Wealthier people also tend to be self employed and entrepreneurial and provide jobs and services that would not exist with out them.
.[/xQUOTE]

Yes but bear in mind they often employ people on low wages who contribute to the overall functioning of the company/business, and also many of these staff will also be claiming benefits as they are not paid enough by these people to actually live on.

jjlandlord

captainhindsight wrote: »

Wealthier people also tend to be self employed and entrepreneurial and provide jobs and services that would not exist with out them.

Don't you worry that these guys know how to use all the tax incentives available.
If they do they probably pay about 20%, which is the normal income tax rate.

The losers are the ones in full time employment at the 40% rate. The very rich know how to avoid tax, and the poorer get tax breaks.

captainhindsight_2

suicidebob wrote: »

Wealthy people knew the rules before they decided to become rich.

WOW, so when someone 20 years ago decided to start a business they knew that in 2010 their earnings over £150,000 would be taxed at a higher rate of 50%?

ukcarper

captainhindsight wrote: »

The tax system is unfair, people who earn more pay in more and take less.

Wealthier people also tend to be self employed and entrepreneurial and provide jobs and services that would not exist with out them.

They also take less, and use private schools private healthcare etc.

Paying higher proportions of tax the more you earn is unfair but probably necessary...

If they are self employed and are paying the same as someone on PAYE they are doing something wrong.