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Post by felonious on Aug 23, 2019 9:59:23 GMT
I'm asking the question Bath because he seems to be unhappy with the rates of tax being levied probably similar to yourself. What absurd rate of tax do you think is fair? To be honest, taxes on wages in the UK are pretty low. I don't understand why governments keep offering to cut taxes while increasing public spending. It's not sustainable. Why do you call an increased tax rate absurd?
What's absurd is to think that it's in any way ethically fair that one person can work a few months and be setup for life, whereas the vast majority of others have to work 45 years (and more if they increase the retirement age) just to have a pathetic pension and probably lose all their savings paying for any care they receive in their later years. That is of course if they don't die before then. The rich/poor gap is widening and can be addressed without any absurd actions being taken. I'm quoting back to Bath. All the lefties moan about the tax rates but won't say how much they will tax. I think you will find that Peter Coates has been working on this project for more than a few months. |
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Post by foster on Aug 23, 2019 10:22:39 GMT
What's wrong with just saying a few % more?
Lefties, righties, what does it matter.
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Post by noustie on Aug 23, 2019 11:11:30 GMT
If anyone is interested this gives the other side of the coin and explains why it is nonsense to suggest 8% of the population have racked up 60% of the debt (including Wales gets you to 150%). Look at the spike since 2014 to see what's going on. www.taxresearch.org.uk/Blog/2019/08/21/the-gers-data-is-ludicrous-scotland-does-not-generate-60-of-the-uks-net-fiscal-deficit/In a leaked memo the then Secretary of State for Scotland Ian Lang wrote "I judge that [GERS] is just what is needed at present in our campaign to maintain the initiative and undermine the other parties. This initiative could score against all of them". The other thing to consider is we have a tory government who have absolutely twatted the poor and infirm with austerity. Why then would they be so keen and charitable to keep such a leach especially one that costs them at least 50 seats in an election? In 2014 I spent hours of my life reading in to this and could never find an answer to this question. |
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Post by yeokel on Aug 23, 2019 11:38:04 GMT
The absurd thing isn't the tax rate it's the size of the dividend in the first place! Particularly in a country where people are dying as a direct result of the Tory policy of austerity. I'll ask you again what rate of tax do you think should be levied? If they don't pay a dividend out the Exchequer doesn't receive anything. This applies to dividends of £2,500 as well. And don’t forget, that money has already been taxed! When a business makes a profit it pays around 20% corporation tax (unless it’s an American co. making billions, but that’s a different story). Out of what is left of the company profits, it declares a dividend which is effectively sharing out a bit of the profit (after tax) to the company owners (who also stand to lose money if the company goes under). For a higher rate tax payer, the tax on dividends is 35%. Which means that out of the original profit, there is just over half left. 48% has now been paid in tax. (as well as Employer NI, Employer contribution to work place pensions, Companies House registration & filing of accounts, and all the other ways they stiff an average business for taxes) |
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Post by felonious on Aug 23, 2019 17:46:17 GMT
I'll ask you again what rate of tax do you think should be levied? If they don't pay a dividend out the Exchequer doesn't receive anything. This applies to dividends of £2,500 as well. And don’t forget, that money has already been taxed! When a business makes a profit it pays around 20% corporation tax (unless it’s an American co. making billions, but that’s a different story). Out of what is left of the company profits, it declares a dividend which is effectively sharing out a bit of the profit (after tax) to the company owners (who also stand to lose money if the company goes under). For a higher rate tax payer, the tax on dividends is 35%. Which means that out of the original profit, there is just over half left. 48% has now been paid in tax. (as well as Employer NI, Employer contribution to work place pensions, Companies House registration & filing of accounts, and all the other ways they stiff an average business for taxes) The profits that BET 365 paid out on had suffered as much as 28% before our Denise paid her 38.1%. The Conservative party have dropped the headline rate of CT massively to attract business and fall into some sort of line with our competitors. They have also hiked employers NIC over the same period which more than compensates. I know the amount taken in this case is obscene for one person but had she have taken nothing then nothing will have been available to the Exchequer. Sheiky unfortunately is never able to say what rate he thinks is appropriate it's always just Wolfie Smith rhetoric.  |
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Post by vokeswagen on Aug 23, 2019 19:20:31 GMT
What's wrong with just saying a few % more? Lefties, righties, what does it matter. Because felonious doesn't give straight answers mate. You'll get a wink and some gibberish about that great nebulous nemesis "the left" if you're very lucky  |
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Post by felonious on Aug 24, 2019 5:32:46 GMT
What's wrong with just saying a few % more? Lefties, righties, what does it matter. Because felonious doesn't give straight answers mate. You'll get a wink and some gibberish about that great nebulous nemesis "the left" if you're very lucky 7.5% more at the last Tory hike on dividend taxation a few years back on dividends over £2,000 currently. It will no doubt be increased in the coming years and the 2,000 allowance will be under review. What do you think the level of taxation should be **************? |
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Post by thisisouryear on Aug 24, 2019 9:24:31 GMT
Tax the super rich more. What's the problem? They'll hardly notice but it will make a big difference to most common people. Eg. Footballer on 250k per week gets taxed an extra 4% = 10k per week or 520k per year. He'll hardly notice but imagine how much that little extra taxation (520k) would help public services/elderly care. Then apply the same tax to all people earning those ridiculous amounts of money.. Bingo! Add in Digital taxes on the likes of Google, Amazon, Apple, etc. If it were so easy to tax the super rich it would have already been done. |
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Post by harryburrows on Aug 24, 2019 9:59:32 GMT
I'm asking the question Bath because he seems to be unhappy with the rates of tax being levied probably similar to yourself. What absurd rate of tax do you think is fair? The absurd thing isn't the tax rate it's the size of the dividend in the first place! Particularly in a country where people are dying as a direct result of the Tory policy of austerity. Momo you keep this Tory austerity nonsense going when in fact the system of support for the less well off is adequate as a safety net . The articles you love to post are largely cock ups within the system rather than policy . I've had a week in Romania recently. My father in law has a piece of land in the middle of nowhere, where he produces honey with 250 hives . Next door is a family with 4 kids aged 4 , 6 , 11 and 14 . The mother left recently leaving the father to try and bring up the kids , he has no job and the kids live on the products of 2 goats , i.e. Milk and cheese . The older kids walk 6 k to school every day even in the winter when they get up to a metre of snow |
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