chakademus Posted August 21, 2018 Share Posted August 21, 2018 (edited) So the fact the tax burden on the top 1% has trebled since the 1970s is a lie? Do you have any evidence to support this claim, it's quite sensational - the conspiracy must run deep! I suppose the increased taxation on dividends is all a lie too. Silly me. Why didn't they meet 2016 target if raising so much in taxation? Everyone meant to be in work apparently. Edited August 21, 2018 by chakademus Scam Link to comment Share on other sites More sharing options...
Robin-H Posted August 21, 2018 Share Posted August 21, 2018 Why didn't they meet 2016 target if raising so much in taxation? Everyone meant to be in work apparently. Because meeting the targets rely on a lot more than just generating money from income tax... Also, everyone is not 'meant to be in work'. We have very low (and continually decreasing) unemployment figures, but that doesn't mean that everyone is in work. Far far from it. Link to comment Share on other sites More sharing options...
chakademus Posted August 21, 2018 Share Posted August 21, 2018 What level of taxation would you call high? How much of your earnings do you pay tax on? I earn around £15k and I pay a small amount of tax. taxation is made up of only fraction of what comes out of gross pay. Stealth tax. Link to comment Share on other sites More sharing options...
Robin-H Posted August 21, 2018 Share Posted August 21, 2018 taxation is made up of only fraction of what comes out of gross pay. Stealth tax. Ok. What do you reckon the total tax rate including stealth tax is for low earners? As a percentage. Link to comment Share on other sites More sharing options...
chakademus Posted August 21, 2018 Share Posted August 21, 2018 Because meeting the targets rely on a lot more than just generating money from income tax... Also, everyone is not 'meant to be in work'. We have very low (and continually decreasing) unemployment figures, but that doesn't mean that everyone is in work. Far far from it. If you can offer good reason why UK still running a deficit with all this tax collected off rich let us know. ---------- Post added 21-08-2018 at 18:50 ---------- Ok. What do you reckon the total tax rate including stealth tax is for low earners? As a percentage. It effects low to middle earners disproportionately. 80% of petrol pump is tax. ---------- Post added 21-08-2018 at 18:51 ---------- Not hard to work out a high % of earnings lost in tax. Link to comment Share on other sites More sharing options...
Robin-H Posted August 21, 2018 Share Posted August 21, 2018 If you can offer good reason why UK still running a deficit with all this tax collected off rich let us know. ---------- Post added 21-08-2018 at 18:50 ---------- It effects low to middle earners disproportionately. 80% of petrol pump is tax. I can not only give you a good reason, but I can give you the reason. We typically spend more than we take in. Should the government spend less? That doesn't answer the question. What do you reckon the total percentage is including stealth tax, and what do you consider high tax? Link to comment Share on other sites More sharing options...
chakademus Posted August 21, 2018 Share Posted August 21, 2018 I can not only give you a good reason, but I can give you the reason. We typically spend more than we take in. Should the government spend less? That doesn't answer the question. What do you reckon the total percentage is including stealth tax, and what do you consider high tax? Right. So why are the government not taking enough in? Tax breaks. They simply don't tax wealth enough. ---------- Post added 21-08-2018 at 18:56 ---------- I'll leave you to Google it or work out. ---------- Post added 21-08-2018 at 19:00 ---------- Pensions, savings, council tax, tax on goods, list goes on... Link to comment Share on other sites More sharing options...
Robin-H Posted August 21, 2018 Share Posted August 21, 2018 Right. So why are the government not taking enough in? Tax breaks. They simply don't tax wealth enough. ---------- Post added 21-08-2018 at 18:56 ---------- I'll leave you to Google it or work out. I don't need to work it out. http://home.bt.com/lifestyle/money/mortgages-bills/do-you-know-how-much-tax-you-are-actually-paying-11364066050252 The lowest earners pay a lower percentage in stealth taxes too. Do you know what happens when the government starts to punitively tax wealth. France tried it recently. Didn't work out too well. https://www.telegraph.co.uk/news/worldnews/europe/france/11187602/The-wealth-tax-a-tax-on-the-rich-that-cripples-the-poor.html https://www.ft.com/content/3d907582-b893-11e7-9bfb-4a9c83ffa852 https://www.washingtonexaminer.com/frances-mistake-shows-taxing-wealth-doesnt-work Link to comment Share on other sites More sharing options...
chakademus Posted August 21, 2018 Share Posted August 21, 2018 I don't need to work it out. http://home.bt.com/lifestyle/money/mortgages-bills/do-you-know-how-much-tax-you-are-actually-paying-11364066050252 The lowest earners pay a lower percentage in stealth taxes too. Do you know what happens when the government starts to punitively tax wealth. France tried it recently. Didn't work out too well. https://www.telegraph.co.uk/news/worldnews/europe/france/11187602/The-wealth-tax-a-tax-on-the-rich-that-cripples-the-poor.html https://www.ft.com/content/3d907582-b893-11e7-9bfb-4a9c83ffa852 https://www.washingtonexaminer.com/frances-mistake-shows-taxing-wealth-doesnt-work Example. Council tax up 6% per year, services cut. Link to comment Share on other sites More sharing options...
Robin-H Posted August 21, 2018 Share Posted August 21, 2018 Example. Council tax up 6% per year, services cut. Example of what? I'm not saying taxes don't exist, or that they don't sometimes go up! As it happens, those on benefits or a low income can claim a council tax reduction of up to 100%. https://www.gov.uk/apply-council-tax-reduction Link to comment Share on other sites More sharing options...
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