To wonder how the UK will look in 3 years time?

You’re a high earner who feels hard done by, who’s made an emotional argument for the government to address the hole in public finances by making the poorest people in the country poorer.

Nice.

Your assumption is wrong.
But I'm not going to share my tax return.
It's difficult to comprehend that someone living in the UK and reading at least some news never heard of this, of childcare tax trap etc etc.
Anyway. Wishing you best of luck with your circumstances.

I still believe that what Labour are doing now with all their taxation and not clamping down welfare will give Reform majority in 2029 and then it's not going to be pretty. Especially for poor and vulnerable.

I live in London, but none of my family is earning over 100K.

I’m obviously not moving in affluent enough circles 😂

I’m assuming you’ve been whacking some of your large salary into your pension pot to avoid paying tax? So you were ok with paying 62% tax when you weren’t actually paying 62% tax?

Where do you live that you've never heard of this?

Have you fallen victim to the 62% ‘tax trap’? | TPO

Can you tell us how you calculated a figure of 62% tax on 100K?

The UK was one of the first nations to industrialise and shift from an agricultural economy to manufacturing and then into services. Other countries are seeing the same shift and the rapid prosperity boost that the UK experienced during the late 19th/early 20th centuries, like most of the newer EU members now seeing 4% growth rates -- including Spain and Poland. But they don't have any legacy infrastructure to work around. And there's more under-developed land available; the easy sites in the UK were developed 150 years ago.

I would pay more, but only if the money raised was sensibly spent. Even so, I'm nearly 70 so I would probably not see the benefits.

Infrastructure replacement would get a tick, because one of our serious issues is that we are trying to render/reconfigure Victorian infrastructure for the 21st century having spent inadequate sums during most of the 20th century. We have outgrown it, and it is now falling apart under the weight of a hugely increased population. Until the investment is made, growth will be uphill but it costs vast amounts because of onerous planning issues while the scope for campaigning against change is huge.

To take one recent example, HS2 was a generally good idea.... but the build should have started in the North and driven south to join up with existing (fairly) fast connections that already exist. The first tranche of work should have been seen as economic regeneration investment to bring jobs and skills back. HS2's less recognised goal was to take long distance freight off the road network (I know this because a close friend has been a senior surveyor on CrossRail and all the major London railway infrastructure for about 20 years). To crash it so hard after so many years and £££££££££££ was, IMO, an error that we shall have to live with for generations.

There was work till Rachel decided to think she was being really clever by upping NI contributions that the employer pays.

Employers decided they weren’t paying for everyone and cut back on employees.

I work a zero hours contract and from doing 5/6 or even 7 days per week last year, I barely get any work and the work I do get the amount of people doing the same work as last year has been cut by 75% Sometimes more.

One particular days work, last year they employed 15 people to get the work done

Now it is down to 3

I thought we should all pay more?

HMRC link for extra tax contributions was shared here many time - how much did you pay? do you need help to find it?

I assume you're on benefits / don't earn much that you're so happy to tax other people.

The assumption, so frequently made, that anyone who isn’t so money focused that they will do anything to avoid paying tax has no money is beyond tedious. I’d be happy to pay more tax, have and will do nothing to mitigate IHT and am more than happy to pay for my own care home fees if it’s needed. Trust me, I’m not on my uppers.

There are literally 100s of applications for any supermarket job where I live.
Also in my son’s large uni city, such jobs are hard to come by.

This is a very interesting read on UBI - it’s US focused but principles are the same.
https://www.scottsantens.com/what-the-media-isnt-telling-you-why-universal-basic-income-ubi-is-the-answer-to-poverty-insecurity-and-inequality/

There is enough work, not enough people willing to do it, hence mass immigration.
Remember Rishi saying that if we cut immigration then inflation will be through the roof?

Depends on where you live - there are no British people in two of my local Sains / Lidl/Asda, they are all recent immigrants and some are hardly speaking English. (I am not against immigration at all, don't start this please). Why don't Brits take these jobs? I believe it depends on area where you live but if these millions of UC Brits would start working we wouldn't need to import so much labour from abroad?

Effective tax rate on income £100k-125k is 62%. One is 16 in London are over 100k.

How can people pay tax if there is not enough work for them to do?

62% tax? The top rate of tax in the UK is 45%, for incomes over 125K, which would put you in the top 2% of earners. Are you talking about paying tax in another country?

"I assume you're on benefits / don't earn much that you're so happy to tax other people."

My husband is a higher rate tax payer. I only work part time because I care for my disabled mother and my disabled son.

GPD 4 percent growth in Spain! Much better than the uk!…. We don’t pay tax on income because we are below the threshold… except we do on consumerist living, our house and car tax’s, and plus until I worked for 18 months .. we paid for
our convino especial healthcare into the Spanish nhs system. You don’t know what you are talking about

I will not discuss my DC diagnosis online but they are sufficiently severe. I live in London so my very modest property is above the threshold and that's before we start talking about pension.

The government will never meet the needs of people like you and my DC exactly because they subsidise millions of people who don't bother to work and use every trick in the book to get UC and PIP.

As I mentioned above and in many of my posts - people like your family absolutely should be adequately provided for, no debate about this. There are millions of people who can and should be made to work full time. And if it results in a few meltdowns - so be it, the rest of society will become much fitter.

I'm not sure why you don't see this.

You have to have private insurance for a year (about 1000 euro per year) Then after a year it’s 60 quid a month to pay for the Spanish nhs service, till you get permanent residency at 5yrs, then you go onto the public healthcare system for free. If you work on a job contract for 6/months in Spain, after, you automatically get free healthcare for life .

If you’re not wealthy, then why are you worrying about inheritance tax?

Re: ‘one of my dc’s is as disadvantaged as it gets’ - as disadvantaged as my child? He has a psychotic mental health disorder, has been sectioned for months at a time, and at 19 was diagnosed with cancer.

If your child is also disadvantaged why are you arguing against the government increasing tax revenue, so it can better meet the healthcare and housing needs of children like your child and mine?

@TommehTenNamesIsAWanker

Too late to add:

It won’t be taken from you.
You’ll be dead. You won’t exist.

That's the crux of it - I paid 62% tax rate with no issues. But this directly affects my DC. And this is where I draw the line.
I assume you're on benefits / don't earn much that you're so happy to tax other people.

I'm not even remotely wealthy. I was born in abject poverty, my parents didn't have sufficient food at times. I worked my arse off to break from poverty whilst dealing with personal challenges and DC's disability.

That's why I have no sympathy to ever growing army of people who won't work or "find it to hard" to make 35h a week. I absolutely do support benefits for people on real disabilities, but it's definitely not 23% of our working age population.

And no, one of my DC is as disadvantaged as it gets. So I'm spending all I can on them rather than giving another penny to this government.

That never used to be true. I remember factories and farms who only advertised OUTSIDE the UK for staff. Often in a different language

Many of the fruit pickers were brought in and given " accommodation " often shared caravans which they had the costs taken out of wages before they received them

It won’t be taken from you.

You’ll be dead. You won’t exist.

Are you very wealthy?

Is that why you think hanging on to your wealth is more important than striving towards a decent standard of living for the poorest and most vulnerable people.

Your kids are astonishingly privileged by the sound of it. Obviously not privileged enough though.

BTW - I don’t think anyone’s planning on taking all your money. 😂