Petition against marginal 60% tax rate in UK if you earn 100k
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It's funny how people complain about paying these "unfair" taxes. You are in a position of wealth because of society and the services it provides, the more wealth you have been lucky enough to get distributed your way the more you help out with paying back - quite logical really.
For the people who go part time to not pay taxes, if you're only in it for the money, I hope I don't end up next to you in the cockpit.
Join Date: Jan 1999
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There has been a general principle in the UK that the more you earn the more tax you pay, this anomaly in the tax system has those who earn between £100K & £121K paying 61% income tax and then the taxation rate above £121K reducing to 40%.
This is clearly an anomaly and an unintended consequence of a poorly planned regulation that flys in the face of the the normal taxation principles.
If this sort of thing happened to his with an income of £15k to £35K there would be outrage on these pages ( and rightly so ) but because of the politics of envy some above think that this anomaly is OK because it is only happening to those with higher incomes. I would like to remind you that fiscal drag ( inflation ) is likely over the years to move those who have modest incomes into this taxation anomaly.
Therefore all tax payers should appose this taxation anomaly as in years to come it may well bite those on low incomes.
This is clearly an anomaly and an unintended consequence of a poorly planned regulation that flys in the face of the the normal taxation principles.
If this sort of thing happened to his with an income of £15k to £35K there would be outrage on these pages ( and rightly so ) but because of the politics of envy some above think that this anomaly is OK because it is only happening to those with higher incomes. I would like to remind you that fiscal drag ( inflation ) is likely over the years to move those who have modest incomes into this taxation anomaly.
Therefore all tax payers should appose this taxation anomaly as in years to come it may well bite those on low incomes.
Join Date: Jul 1999
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Never quite understand tax bands with higher rates of tax as this means you end up paying a greater proportion of your income in tax, where as a flat rate of tax would still mean that a higher earner pays a lot more tax as 25% of a lot is more than 25% of a little.
Would prefer to see a flat rate on everything and get rid of all the loopholes.
Would prefer to see a flat rate on everything and get rid of all the loopholes.
I have no problem paying more tax the more I earn. 20% basic rate, 40% etc.
But the 100k-121k range where you pay substantially more makes no sense to me.
I'd sooner see a flat rate of 50% on everything over £xxxxxx instead so that it balances out.
£100k sounds a lot for those working minimum wage or living in a national average income household, but it's not a particularly remarkable amount for highly-trained/educated upper-middle class professionals.
I have no beef paying more tax for earning more. What I do have issue with is people who harangue me for legitimately reducing my tax bill with things such as pension contributions and salary sacrifices. It's not like I'm sending my money offshore to avoid paying a fair share of tax. At £100k I'd still be paying significantly more just in tax than the average person earns pre-tax in a year.
If anyone should be targeted, it's the super wealthy, those who hide their money offshore to bypass paying income tax, and (international) corporations who are knowingly evading and avoiding tax.
The country needs more from income tax. But not from the upper-middle class who earn their money and pay their way, and certainly not from those earning even less than that. They should be getting it from the corporations who make millions and billions in profit and pay nothing on it, and the super-rich who have their mansions and supercars but keep all their money offshore and pay less in tax than I do.
But the 100k-121k range where you pay substantially more makes no sense to me.
I'd sooner see a flat rate of 50% on everything over £xxxxxx instead so that it balances out.
£100k sounds a lot for those working minimum wage or living in a national average income household, but it's not a particularly remarkable amount for highly-trained/educated upper-middle class professionals.
I have no beef paying more tax for earning more. What I do have issue with is people who harangue me for legitimately reducing my tax bill with things such as pension contributions and salary sacrifices. It's not like I'm sending my money offshore to avoid paying a fair share of tax. At £100k I'd still be paying significantly more just in tax than the average person earns pre-tax in a year.
If anyone should be targeted, it's the super wealthy, those who hide their money offshore to bypass paying income tax, and (international) corporations who are knowingly evading and avoiding tax.
The country needs more from income tax. But not from the upper-middle class who earn their money and pay their way, and certainly not from those earning even less than that. They should be getting it from the corporations who make millions and billions in profit and pay nothing on it, and the super-rich who have their mansions and supercars but keep all their money offshore and pay less in tax than I do.
Join Date: Aug 2003
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I never cease to be amazed by those who see paying high tax as a moral duty, a public good. Morality has nothing to do with paying tax. If public services are cash strapped they need to cut costs and be more efficient just as private enterprise does. They need to wean themselves off the idea that having a funding gap means they need "more resources" i.e. other peoples' money. Taxes, to be fair and efficient, need to be low, universal and unavoidable. They aren't. Taxes are for governments to fund the things governments do like infrastructure spending, health, police and defence etc. They are not, or should not be, for levelling out perceived economic inequalities. That is what ingenuity and hard work is for. The concept of "fair tax" is vague indeed. One man's "fair" is another's "unfair" and the UK tax system is riddled with it. This 62% tax rate between 100k and £122K is an egregious example of unfairness which the politicians should never have been allowed to get away with. We are NOT all in this together to repeat a well-worn quote.
Posting as one who lost his personal allowance the day Alistair Darling brought the measure in I don't just want this unfair impost removed; I want my money back. And I'm going to get it, quite legally, now that I'm no longer employed but working for myself through a limited company.
Posting as one who lost his personal allowance the day Alistair Darling brought the measure in I don't just want this unfair impost removed; I want my money back. And I'm going to get it, quite legally, now that I'm no longer employed but working for myself through a limited company.
seen the box: I agree with you 100pc.
Plus 100k / pa does not make you rich. In pilot world that salary is the culmination of years of hard work and testing / checking.
I suffered from this in my last year of full time work before (semi) retirment and felt very cheated and understanjd all the comments here on this.
100K is not a fortune, it is to someone on £25 K but it is not a huge amount of money.
It is an anomolly , ignored by incompetent civil servants -they do the sums not the polies- in the same way that peopel who are on low wages can be betetr off by not working at all.
Without balming it on
Labour, The Eu, the French , the Unions and all the usual jet blast villains the problem is that corporations evade (evade and avoid mean exactly the same in English) on an industrial scale and very wealthy individuals do the same. I wouldnt want to pay 2.5M quid a year in taxes but then I might be compensated by the thought that I am still keeping £3m . That is an entirely different proposition from only getting 55K on a salary of 100K . But where is the ire and anger targeted here and in general.
well, the poor , the unemployed, benefit cheats, the EU or anywhere else the daily Mail or Murdoch scum can think up -everywhere except where it actually belongs which is whitehall for lack of political will and lack of competence in drafting the rules to leave double decker bus sized evasion routes for the Rich.
Oh and where does the politics of envy come in, without without it we would still all be serfs , its just another glib phrase to deflect opinion.
truth is in todays world we can no longer afford the rich unless they pay there way. It was ever thus and lead to Cromwell, the French revolution, the russian revolution etc etc
100K is not a fortune, it is to someone on £25 K but it is not a huge amount of money.
It is an anomolly , ignored by incompetent civil servants -they do the sums not the polies- in the same way that peopel who are on low wages can be betetr off by not working at all.
Without balming it on
Labour, The Eu, the French , the Unions and all the usual jet blast villains the problem is that corporations evade (evade and avoid mean exactly the same in English) on an industrial scale and very wealthy individuals do the same. I wouldnt want to pay 2.5M quid a year in taxes but then I might be compensated by the thought that I am still keeping £3m . That is an entirely different proposition from only getting 55K on a salary of 100K . But where is the ire and anger targeted here and in general.
well, the poor , the unemployed, benefit cheats, the EU or anywhere else the daily Mail or Murdoch scum can think up -everywhere except where it actually belongs which is whitehall for lack of political will and lack of competence in drafting the rules to leave double decker bus sized evasion routes for the Rich.
Oh and where does the politics of envy come in, without without it we would still all be serfs , its just another glib phrase to deflect opinion.
truth is in todays world we can no longer afford the rich unless they pay there way. It was ever thus and lead to Cromwell, the French revolution, the russian revolution etc etc
