I have a bone to pick with our tax system

john_kane_2

ahh thanks for reply. i had been told before that it was 18% but then i checked on the website when looking at income bands today on the hmrc website and they just mentioned about the same 10/20/40 bands:

http://www.hmrc.gov.uk/rates/cgt.htm

pretty terrible they havent updated their website. i remember reading about some change like this. so basically it favour higher rate people this tax change?

also, i am kinda unfamiliar with this concept, as rather than with income it is every year, here it is only when you sell. is there anyway to take advantage of this? i read how you can sell £9ks worth (above allowance) to avoid paying tax, but surely you still have to put this £9k into something anyway, and if its for a long term investment, i suppose you can only use the £9k capital gains tax allowance when you stop investing and start cashing out for retirement?

about 8% pension contribution, we are given a set amount in benefits, something like £1500 a year. with this we can choose between 8% pension contribution, use of hire car, dental insurance, extra days holidays. so i chose extra holidays and pension contribution. i was given a form 6 months ago to tell them which funds i wanted them invest in (form was sent from AXA from memory) which i stillll havent replied to - and what my % i wanted to add. really should do that.

thanks again

nicko33

bored_of_debt wrote: »

I think it's a little unfair for somebody who earns (being the key word) say £45K to have to pay more tax to cover things such as the NHS than somebody who earns say £20K when both receive exactly the same benefit from the NHS...

next you'll be saying that just because somebody has a big house they shouldn't pay more Council Tax than somebody with a little house because they both receive the same services

MrSafeGaz

nicko33 wrote: »

next you'll be saying that just because somebody has a big house they shouldn't pay more Council Tax than somebody with a little house because they both receive the same services

Well no, not really. Somebody who has a bigger house is benefitting because well, they have a bigger house so you can justify having to pay the extra. However, somebody who earns more money is not more likely to use the NHS (infact probably even less likely due to lifestyle). You get no benefits from paying more into the NHS. Even worse is that I get private healthcare through work but I still have to pay for the crap that is NHS.

nicko33

MrSafeGaz wrote: »

Somebody who has a bigger house is benefitting because well, they have a bigger house so you can justify having to pay the extra.

Sorry, I missed the bit where you said what the extra benefit from the Council was

RayWolfe

MrSafeGaz wrote: »

However, somebody who earns more money is not more likely to use the NHS (infact probably even less likely due to lifestyle). You get no benefits from paying more into the NHS. Even worse is that I get private healthcare through work but I still have to pay for the crap that is NHS.

So you don't like the concept of society?
We don't pay taxes in order to take out what you put in, any more than you do for insurance. We put in, in order to provide for the whole and some will need more than others. One day, it might be you, or your mother or your child. Even "Dave" realised that the NHS was not only brilliant but entirely necessary when he fathered a handicapped child.
So if you don't want to put in according to you ability, then you might be happier in a country where greed, self and avarice rules.

nicko33

RayWolfe wrote: »

So if you don't want to put in according to you ability,

and that's the discrepancy with Council Tax. Size/location/market value of house is not necessarily a good indicator of ability to pay.

RayWolfe

Agreed! ...........

purch

Even worse is that I get private healthcare through work but I still have to pay for the crap that is NHS.

So I guess if you are unfortunate enough to be involved in a Car crash or similar, or if you collapse in the street with a knife in your neck after being mugged you will refuse all help from the Ambulance that arrives to help you, and call a Taxi to take you to the nearest Nuffield Hospital

(hopefully you will have all your 'paperwork' with you to prove to the private healthcare providers that you really are entitiled to their care..............something of course that you don't need to prove before receiving care from our 'crap' NHS system)

Meltdown_2

RayWolfe wrote: »

So if you don't want to put in according to your ability, then you might be happier in a country where greed, self and avarice rules.

I thought MrSafeGaz was already in the UK!

RayWolfe

You could well be right! ;-)