To actually not mind paying tax?

I feel that having one's taxes go into unusable ppe that's ended up in landfill and into Michelle Mone's pockets has made quite a lot of people quite peevish about paying tax. It's a social contract - we expect to contribute and to be benefited by our contribution. Don't know about other people, but I am desperate to be able to trust some politicians with our money.

@ohthejoys21 What's galling is that the IHT threshold hasn’t changed since 2009 and a quick Google tells me that £325K in 2009 is worth over £550K now. So the estates of people who’ve been careful all their lives, but are far from millionaires, end up owing some IHT.

That wasn’t Gordon Brown’s intention when the current threshold was set, he was planning to slowly increase it-but Labour lost power. I hope the new government adjusts it to reflect today’s COL.

Funny how the Tories always accuse Labour of raising taxes but they quietly “raised” IHT receipts by not adjusting the threshold!

How is £220,000 more than 6 figures?

I can't believe that supposedly intelligent people, claiming to be on high salaries, don't understand how to count!

If nothing else, it proves the point that such salaries aren't justified.

I agree with this. My ETR is 53%. It's a significant sum in absolute terms and as you say that's right and I'm proud of my contribution. But if it goes up much more in % terms the financial incentive for me to further grow my business and create more employment is just not there. And ultimately that's what I'm here for, I am not a charity. I'd rather make more money, create more jobs, and pay more tax (at my current ETR).

The Labour snouts are already well in the trough.

My new MP is also the WECA mayor and intends to carry on doing both jobs and presumably drawing two salaries from the tax payer.

More than 6 figures? I doubt it. Not unless you're a billionaire.

Wrong. We paid £220,000 in tax last year. Not billionaires

And yet I know loads of people who do great work for charity at the same time as doing whatever they can to hide their money from the tax man. They'll say taxes are wasted or there's corruption etc, but that happens in the charity sector too.

I know people who think giving to charity is a waste because it all goes on admin. This would be fine if they gave their time instead but they don’t do that either.

I'm also okay paying may fair share of tax provided we as a society receive an acceptable level of service.

But why is this person getting 1k per month universal credit to homeschool her children (youngest is 9yo) instead of finding a job? Is this even real?

https://www.mirror.co.uk/news/uk-news/family-62k-income-forced-use-33149058

Hhmmmmm…

The things is their mandate is really weak - their share of vote is less than 35% and this is on less than 60% turnout.

It's nearly the same share of vote as in 2019, but clever campaigning (on the back of no campaigning by Tory) made them win. A lot of those who voted Labour did this not out of love, but out of hate to Tory.

It won't take long for this part of electorate to feel disillusioned and turn their back to Labour. Tory won't recover by then, means next time it's likely to be Reform. And then it's really going to be dire

Every month, DH and I each pay £7500 in tax and NI on our respective salaries. £15k a month gone!! Then bonuses each year are nearly halved by the time it reaches our bank account.

For that we get nearly nothing and public services are in the shit. Only 20% of the population being net contributors, yet there seems to be (on MN at least) an underlying bitterness and anger directed at high earners.

We usually make substantial donations to the food bank every week, but shortly we’ll be paying VAT on school fees instead. I’ve prepaid schools fees for a short while at least, as that seemed sensible to support the school (now that 4 children, 20% of my eldest’s class, and 2, 10% of my youngest’s class, are leaving).

No, I’m not happy to pay more tax. It will be pissed up the wall. I’d like to see a sensible spending plan that shows a positive outcome for society on what we already pay.

Goodness knows what the next budget will bring, but in the meantime, DH and I both need to channel as much as we can into our pensions now.

I’d like to see a significant investment in subsidised childcare provision to ensure parents can work, as well as greater focus on reforming education to ensure that both academic and vocational routes are catered for from age 11. There needs to be more accountability on individuals too, who have children and pets they can’t/don’t look after properly. Major corporations and non-doms need to be taxed appropriately and foreigners should be taxed at a much higher rate when buying UK property and accessing the NHS. I wouldn’t even know where to start with immigration. Major cuts should be made to the foreign aid we send overseas and the focus should be enhancing the UK.

Thus ends my manifesto 😂 🤦🏼‍♀️🫣

I wouldn't mind if I actually got something for it.

Or some kind of lower rate because we don't use any services or have children.

I resent being treated like a cash cow for all those that just want to sponge off others hard work. (Whataboutery disclaimer: excl disabled and elderly).

I pay c50k tax per year and am likely to pay more tax under Labour.

I voted for them not because I want to pay more tax but because a super majority means that they will be able to sort out some of these generational issues: fundamental reform of the NHS; unsustainable benefits; gold plated pensioners; social care; education; planning system etc etc.

A weak mandate would have meant more pissing around the edges and sending us deeper into a spiral of shitness and rancour.

It is but most people don’t want to give large chunks of money to their kids while they are alive they would rather hmrc had it! Crazy but true!

Think there are strings attached to that one.. don't think it's as easy as that as far as I'm aware.

It is if you downsize your house and gift out to your children and then one of you lives for 7 years after gifting. You need to be a proactive planner though.

There's no way to manage your way out of paying above the threshold.

IHT is most definitely not voluntary!! I wish it was!

I pay enough and get zero benefit as a single childfree person. If I was to fall on hard times e.g. lost my job (which has happened when I was made redundant) there was no fall back no JSA as it was called.back then I didn't qualify. Could of lost my home I spent 10yrs saving up to get. If I was homeless.id be on the bottom of the list for any help. I took a huge pay to secure a job to keep money coming in to keep my house.

The money I earn now finally allows me to save, knowing there is fuck all help if I end up jobless I've finally saved enough to cover me for 6 months but labour anyone with savings as being wealthy. I am now saving up for care home fees as I won't have anyone to rely on again those savings will have me seen as being wealthy. It's not me being wealthy it's me being able to provide for myself and not relying on other ppl to fund me.

You didn't say 6 figures - you said MORE than 6 figures

Surely anyone in a high paying job understands that more than 6 figures is at least 7 figures?

So you're claiming that you are paying millions in tax?

As they’d rather tell mumsnet how much they pay and apparently love it

Why don’t people like OP pay more tax voluntarily. Who is stopping them? HMRC is more than happy for you to do that.

Yeah but, no but, yeah but…..

IHT is a voluntary tax it’s pretty easy to manage your way out of paying it if you’re motivated. Also with house and kids if married your allowance in second death is £1m which is quite generous.

Not one of the saintly tax paying lovers both higher rate tax payers it’s your moral duty but no don’t love it. Frankly used to piss me off when our old neighbours who were young able bodied wasters just hung about on benefits while we toiled away to pay for it.

I've always felt like this. Honestly I was so proud the very first time I paid tax. My DH is a higher rate payer and we don't resent a penny. Paying tax is the price of living in a civilised society where nobody is left behind (idealised version obviously but that's the dream).

I do however feel for people caught in weird tax cliff edges where they end up paying huge percentages, particularly when they live in places where housing and childcare are mega expensive.