Rishi Sunak

[Eebo]

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?

It's not an idiotic simplification, it illustrates extremely well how the rich pay proportionately less tax because unearned income is taxed at a higher rate than earned income. We used to have a progressive tax sytem where the rich paid proportionately more and I think this is what the poster is getting at, not that what he is doing is illegal.

You also seem to be assuming that everyone will sympathise with your argument because it might impact their private pension or ISA's, whereas many many people (nurses included) can't afford a private pension of any real worth and have to rely on the state or occupational pension and don't have ISA's stuffed full of shares to worry about.

I am interested in why you say that value of pensions would drop if unearned income was taxed at the same rate as earned income. In the UK Pensions holding are mostly held by Corporations who pay tax at Corporate tax rates so I don't understand why the value of Pensions would fall. I am happy to be educated but don't see the connection when we are comparing the effect of the tax on a very wealthy individual and a normal person.

 

[mosssideblue]

If they didn’t then we’d all, including the very lowest paid, have to pay a higher rate. Is that fair.

Don’t feed the troll

 

[maxwellblue]

If they didn’t then we’d all, including the very lowest paid, have to pay a higher rate. Is that fair.

Ah, so that's ok then. Someone works hard and does well for themselves should pay more in tax percentage wise. Why is that fair.

 

[Eebo]

Don't bother. With his sensibilities the way they are, he'll defend a multi-millionaire paying less tax than a nurse.

Agreed, don't feed the troll

 

[bluenova]

Clearly you don’t know what you’re talking about because the lowest earners have a very low average tax rate due in large part to the steady and significant increases in personal allowances implemented by George Osborne.

Implemented - but they were part of the agreement for the Lib Dems to go into coalition, and Osborne only Nicked the credit when he discovered they were so popular.

Clegg: Tories have 'brass neck' over personal tax allowance pledge

Deputy prime minister hits out at coalition partners as they claim ownership of Lib Dem policy to raise allowances above £10,000

www.theguardian.com

 

[Phil1]

Ah, so that's ok then. Someone works hard and does well for themselves should pay more in tax percentage wise. Why is that fair.

Do you think all lower paid workers are lazy and it’s just the wealthy who work hard?

 

[Mr Kobayashi]

Ah, so that's ok then. Someone works hard and does well for themselves should pay more in tax percentage wise. Why is that fair.

I'm guessing you don't actually earn that much yourself. Not unless you are the beneficiary of a family trust or get paid to attend parties as their entertainment for the evening...

 

[maxwellblue]

Depends how harsh said views are. Loads of people have different opinions to me about a myriad of subjects that I accept because they’re usually reasonable and well thought out.
You’re different gravy though. There’s chewing gum stuck on the bottom of my fucking shoes that’s smarter than you.

So from what I can see so far over the last few days you don't like my view on the tax system being unfair and you don't like my view that a a biological male can only ever be a biological male. Both views are shared by many other people but because you don't like my view you first suggest I shouldn't post on here ond then resort to insults. May I suggest that forums where differing views are allowed and debated may not be for you.

 

[blueparrot]

Ah, so that's ok then. Someone works hard and does well for themselves should pay more in tax percentage wise. Why is that fair.

Because thats the only way a functioning society can work, those that are successful help those less fortunate, if that doesn’t happen, and currently it isn’t properly, society breaks down and stops working.I t isn’t fucking difficult concept. Even most tories understand that basic principle even if they then try and avoid it.

 

[Phil1]

So from what I can see so far over the last few days you don't like my view on the tax system being unfair and you don't like my view that a a biological male can only ever be a biological male. Both views are shared by many other people but because you don't like my view you first suggest I shouldn't post on here ond then resort to insults. May I suggest that forums where differing views are allowed and debated may not be for you.

You can suggest it, yes.

 

[maxwellblue]

I'm guessing you don't actually earn that much yourself. Not unless you are the beneficiary or a family trust or get paid to attend parties as their entertainment for the evening...

You'd be guessing totally wrong. I left school at 16 and did an apprenticeship and at 24 I left that job to work full time at a business I'd been doing part time while working at the main job for 2 years.

 

[bluenova]

Ah, so that's ok then. Someone works hard and does well for themselves should pay more in tax percentage wise. Why is that fair.

Because there's a limit to "working hard".

How much harder than a nurse on shifts can you work?

I'll agree that some people who set up and run businesses work very hard, and make big sacrifices, but no-one is working two or even three times harder. And once people break into the wealthy bracket, these 'entrepreneurs' will often scale back, and work less. Big money is one of the major disincentives to work, and a society that allows too much transfer of income to employers, in too short a time, is one area where capitalism breaks down.

As for Sunak - he didn't work hard to earn the majority of his income. He could have sat at home, and those funds would have earned him more money in a year than most can dream about in decades.

That's a broken model of capitalism, that's not working for anyone but the very rich.

 

[Mr Kobayashi]

You'd be guessing totally wrong. I left school at 16 and did an apprenticeship and at 24 I left that job to work full time at a business I'd been doing part time while working at the main job for 2 years.

Are you Macclesfield's answer to Magic Mike?

 

[BrianW]

'Working hard' and 'being rich' are not linked directly. If they were, every woman in Africa would be a millionaire.

You can work hard and become richer. You can also work hard and end up with fuck all. The latter is more common than the former.

 

[maxwellblue]

Are you Macclesfield's answer to Magic Mike?

I'm not from Macclesfield, nor do I know who this Mike is you refer too

 

[Mr Kobayashi]

I'm not from Macclesfield, nor do I know who this Mike is you refer too

So you were a part time Drug dealer?

 

[maxwellblue]

'Working hard' and 'being rich' are not linked directly. If they were, every woman in Africa would be a millionaire.

You can work hard and become richer. You can also work hard and end up with fuck all. The latter is more common than the former.

I agree but when you do work hard and make some money it's a bitter pill to swallow when you pay a karge percentage of it in tax to fund those that won't work. And before anyone gets on their high horse yes there are those that can't work and deserve help but there is a lot that are just bone idle.

 

[maxwellblue]

So you were a part time Drug dealer?

Can you do an apprenticeship in drug dealing

 

[Mr Kobayashi]

Can you do an apprenticeship in drug dealing

Yes.

 

[Alan Harper's Tash]

I agree but when you do work hard and make some money it's a bitter pill to swallow when you pay a karge percentage of it in tax to fund those that won't work. And before anyone gets on their high horse yes there are those that can't work and deserve help but there is a lot that are just bone idle.

Have you ever been on JSA/UC? If you want to get any money, you have to jump through all sorts of hoops, and even then you can get sanctioned for nothing.