Supertramp Posted March 11, 2013 Share Posted March 11, 2013 Errr, okay, where does that figure come from and how do you justify it (and why a flat rate, you have some desire to punish the poor)? ---------- Post added 11-03-2013 at 09:17 ---------- We don't tax wealth, we tax income. They can't pay a really low rate on their income unless it falls outside the regular taxed UK income, for example they earn it abroad and pay tax on it there, or they use some sort of dodgy scheme that the HMRC later closes down. Can you show some actual figures that support this, because the last time I looked the 10% richest people in the country paid 50% of the total tax paid, or something like that. What you're saying is simply not true. ---------- Post added 11-03-2013 at 09:26 ---------- Perhaps they were including NI, which is a tax in every way except by name. http://newsimg.bbc.co.uk/media/images/46940000/gif/_46940074_blastland_tax1_466.gif Top 1% pay 24.1% of all tax collected, top 10% pay 43.3% yet people think the rich still don't pay enough? Bonkers! Link to comment Share on other sites More sharing options...
El Cid Posted March 11, 2013 Share Posted March 11, 2013 We don't tax wealth, we tax income. They can't pay a really low rate on their income unless it falls outside the regular taxed UK income, for example they earn it abroad and pay tax on it there, or they use some sort of dodgy scheme that the HMRC later closes down. Can you show some actual figures that support this, because the last time I looked the 10% richest people in the country paid 50% of the total tax paid, or something like that. Comedian Carr is 'largest beneficiary' of scheme which shelters £168m a year from taxman Read more: http://www.dailymail.co.uk/news/article-2161394/The-1-tax-haven-Comedian-Jimmy-Carr-3-3m-Jersey-avoidance-scheme.html#ixzz2NE8NlIS1 Top Tory donor linked to Jimmy Carr tax scheme; Romangate tax shelter, part of Rushmore scheme, had both George Robinson and Jimmy Carr as directors http://www.guardian.co.uk/business/2012/jun/24/tory-donor-tax-avoidance http://www.dailymail.co.uk/news/article-2161394/The-1-tax-haven-Comedian-Jimmy-Carr-3-3m-Jersey-avoidance-scheme.html These figures come from the Office for National Statistics. As the Liberal Democrats say, in 2007-08, the poorest fifth of households had a gross annual income of £11,105 on average, and paid £4,302 a year in tax, a ratio of 38.7%. Meanwhile, at the other end of the scale, the richest fifth of households had an average gross annual income of £74,247, and paid £25,926 in tax, on average, a ratio of 34.9%. Link to comment Share on other sites More sharing options...
Supertramp Posted March 11, 2013 Share Posted March 11, 2013 Comedian Carr is 'largest beneficiary' of scheme which shelters £168m a year from taxman Read more: http://www.dailymail.co.uk/news/article-2161394/The-1-tax-haven-Comedian-Jimmy-Carr-3-3m-Jersey-avoidance-scheme.html#ixzz2NE8NlIS1 Top Tory donor linked to Jimmy Carr tax scheme; Romangate tax shelter, part of Rushmore scheme, had both George Robinson and Jimmy Carr as directors http://www.guardian.co.uk/business/2012/jun/24/tory-donor-tax-avoidance http://www.dailymail.co.uk/news/article-2161394/The-1-tax-haven-Comedian-Jimmy-Carr-3-3m-Jersey-avoidance-scheme.html These figures come from the Office for National Statistics. As the Liberal Democrats say, in 2007-08, the poorest fifth of households had a gross annual income of £11,105 on average, and paid £4,302 a year in tax, a ratio of 38.7%. Meanwhile, at the other end of the scale, the richest fifth of households had an average gross annual income of £74,247, and paid £25,926 in tax, on average, a ratio of 34.9%. 2007-2008? The income tax threshold is now £8100 I think and will rise again next year? So that will reduce the amount of tax paid by poor households. Again see my post above, the 'rich' pay nearly half of all tax collected in the UK. (My statistics are also old, but I would estimate the swing is even greater towards the rich paying more). Link to comment Share on other sites More sharing options...
truman Posted March 11, 2013 Share Posted March 11, 2013 Comedian Carr is 'largest beneficiary' of scheme which shelters £168m a year from taxman Read more: http://www.dailymail.co.uk/news/article-2161394/The-1-tax-haven-Comedian-Jimmy-Carr-3-3m-Jersey-avoidance-scheme.html#ixzz2NE8NlIS1 Top Tory donor linked to Jimmy Carr tax scheme; Romangate tax shelter, part of Rushmore scheme, had both George Robinson and Jimmy Carr as directors http://www.guardian.co.uk/business/2012/jun/24/tory-donor-tax-avoidance http://www.dailymail.co.uk/news/article-2161394/The-1-tax-haven-Comedian-Jimmy-Carr-3-3m-Jersey-avoidance-scheme.html These figures come from the Office for National Statistics. As the Liberal Democrats say, in 2007-08, the poorest fifth of households had a gross annual income of £11,105 on average, and paid £4,302 a year in tax, a ratio of 38.7%. Meanwhile, at the other end of the scale, the richest fifth of households had an average gross annual income of £74,247, and paid £25,926 in tax, on average, a ratio of 34.9%. So that info is only 5 years old then..when Labour,the party of the people? were in power.. Link to comment Share on other sites More sharing options...
El Cid Posted March 11, 2013 Share Posted March 11, 2013 Again see my post above, the 'rich' pay nearly half of all tax collected in the UK. (My statistics are also old, but I would estimate the swing is even greater towards the rich paying more). They may pay most in ammount, but as a percentage of their income, the super rich pay a lower figure. An average person that does 10,000 miles in their car will spend over £1,200 on fuel, at over 70% VAT that is a sizeable ammount of a persons income. Link to comment Share on other sites More sharing options...
truman Posted March 11, 2013 Share Posted March 11, 2013 They may pay most in ammount, but as a percentage of their income, the super rich pay a lower figure. An average person that does 10,000 miles in their car will spend over £1,200 on fuel, at over 70% VAT that is a sizeable ammount of a persons income. So do the rich get their fuel for free? Link to comment Share on other sites More sharing options...
El Cid Posted March 11, 2013 Share Posted March 11, 2013 So do the rich get their fuel for free? It is a smaller ammount of their total income, and if they do alot of flying, then aviation fuel is zero rated. Link to comment Share on other sites More sharing options...
truman Posted March 11, 2013 Share Posted March 11, 2013 It is a smaller ammount of their total income, and if they do alot of flying, then aviation fuel is zero rated. Obviously planes cost nothing to buy or run....the rich appear to pay a bigger percentage of their wage in taxes..use this site... http://www.thesalarycalculator.co.uk/salary.php And you'll see that someone on 15k takes home nearly 13k (84%),someone on 20k takes home 16,000 approx (that's 80%) and some one on 150k takes home 90k (that's 60%)....the more you earn the more you pay..even as a percentage... Link to comment Share on other sites More sharing options...
Supertramp Posted March 11, 2013 Share Posted March 11, 2013 They may pay most in ammount, but as a percentage of their income, the super rich pay a lower figure. But they still pay LOADSSSSSSSSSSSSSSSSS!!!!!! Link to comment Share on other sites More sharing options...
El Cid Posted March 11, 2013 Share Posted March 11, 2013 But they still pay LOADSSSSSSSSSSSSSSSSS!!!!!! The french want a 75 percent super-tax rate for earnings over one million euros and a new 45 percent band for revenues over 150,000 euros. In this country we just accept the greed and crime that goes with having very rich and very poor. Its dog eat dog in this country. Link to comment Share on other sites More sharing options...
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