Rishi Sunak

Brewster's millions said:
If his tax payments are in line with the law, which they are, then I don’t see the problem.

If you don’t like the fact that he’s rich, then that’s another issue altogether.

The cretins on Twitter posting his tax return and people reposting it simply don’t like rich people. It’s the politics of envy, nothing more.
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It is the politics of ‘fairness’. People do not like things that are unfair.
 
Blue and true said:
That's not what I meant. Comparatively, i.e percentage based, he's paid much less tax than a nurse.

I would say surely even you can work that out, but you knew what I meant and are once again displaying your desperate Tory sycophancy.
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That image is a ridiculous simplification and using it to get to an effective tax rate is idiotic. If Sunak earnt money only through income tax then his effective tax rate would far exceed that of the nurses. Investments and dividends are taxed differently to income tax so of course the effective tax rate will be lower. That isn't because he is an evil man but rather because that's how investments and dividends are taxed, the same rules apply to everybody.

We all live and work in a system where we pay the least possible tax that we can legally. If you have an ISA then you are saving and gaining in a product designed to avoid tax. Based upon the above should ISA's be banned on the basis of morality then?

If you want to increase the rate of taxation on assets such as shares then I hope you are prepared to pay for the implications on yourself because where do you think your pension is invested? Are you happy to take a drop in your pension value and gains so that somebody like Rishi Sunak will pay more tax?

We live in a time where every single demographic is taxed more than ever before, and the taxman takes in more than ever before. The problem is not how much tax is collected but rather where the hell does it all go?
 
inbetween said:
That image is a ridiculous simplification and using it to get to an effective tax rate is idiotic. If Sunak earnt money only through income tax then his effective tax rate would far exceed that of the nurses. Investments and dividends are taxed differently to income tax so of course the effective tax rate will be lower. That isn't because he is an evil man but rather because that's how investments and dividends are taxed, the same rules apply to everybody.

We all live and work in a system where we pay the least possible tax that we can legally. If you have an ISA then you are saving and gaining in a product designed to avoid tax. Based upon the above should ISA's be banned on the basis of morality then?

If you want to increase the rate of taxation on assets such as shares then I hope you are prepared to pay for the implications on yourself because where do you think your pension is invested? Are you happy to take a drop in your pension value and gains so that somebody like Rishi Sunak will pay more tax?

We live in a time where every single demographic is taxed more than ever before, and the taxman takes in more than ever before. The problem is not how much tax is collected but rather where the hell does it all go?
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I never suggested he is evil, the problem is he's ultimately paying less money into the system (as a percentage) than those who earn much less than him. Discussing the intricacies of each tax and how much is paid on each kind of addresses my point: the system is weighted/skewed/however-you-want-to-designate it to favour those who are in the highest band of earners.

Morality does enter into this, because changing these tax brackets is within the remit of government and policy-makers, and their efforts (or lack thereof) to enforce change shows where their morality lies.
 
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