To Stop Generating Taxable Income?

no it won’t. That’s the marginal rate.

Well they are, but the star system is nonsense. You can get an extra star if you have xyz facilities regardless of whether the holy is nice or not. A lot of the plushies furnishings many imagine at these hotels will have been stripped prior to moving the immigrants in. These places are not luxurious by any stretch of the imagination.

Asylum seekers are not put up in 4 star hotels. Stop posting absolute rubbish

Having been on many webinars about tax policy what everyone agrees is that taxes on landlords are usually passed on to tenants which restricts the ability for tenants to save to buy a property and keeps them trapped renting. Those that buy are much more likely to have a bank of mum and dad to help. It’s shit.

But should we give landlords a tax break in the hope that they don’t pass on costs to tenants? I don’t think that’s right either.

All of this antagonism about tax is another consequence of high house prices. If we weren’t penniless after housing costs then a tax increase with be no big thing. But after a rent of 50% of earnings and then all the other costs we incur no one can afford to pay enough tax to have good public services. We desperately need to build more houses and reduce migration that is economically inefficient.

Sorry I am not sure either…my bad.

So you’re just retiring? I don’t understand your drama. You’re exceptionally lucky to be rich enough to be able to retire but still afford BUPA. Once dh retires we will lose our private healthcare at the time we’ll need it most. What sympathy are you expecting? 🙄

Do you think that is good that peoples rents may go up

Of course - lots of people do. Not sure why you thought I was saying otherwise?

That would be brilliant.

Do you have a spouse or partner @GabrielsOboe ? What is he/she going to do, retire with you? Presumably your kids are all grown up, if you have them.

I think it’s a privilege to be a high earner and therefore pay a lot of tax.

I think it is a postcode lottery with GPs. I can get a same day appointment with my GP if I ring at 8am.

Even if you think you personally don't use any public services or benefits (spoiler you probably do) there is a libertarian argument for funding these things. Benefits and public services are a price you, a rich person, pay to live in a safe and fairly decent. Or environment. Or do you want to live in the kind of country where everything outside your expensively paid for compound is unsafe and unsanitry - where people and animals are left to die in the street, where destitute beg, harrass and scam you at every turn?

I don’t ever see an nhs gp as that’s practically impossible at my local surgery. I have to see a private gp for referral. Pisses me off when we pay for public services.

All money needs to come from somewhere. I think this should be made clear to people. So when they argue for example to remove the two child benefit cap then they should be clear about what is being cut and which group specifically will be impacted. Pensioners, the disabled? These are the big hitters welfare wise so probably where cuts will have to come from realistically.

I don’t think anyone has mentioned Defence. No one wants to increase spending in this area but we have to consider the world in which we live. The one thing I agree with Trump is that Europe needs to step up on defence spending. We have an aggressive Russia…. But that money also needs to come from somewhere.

People moan about underfunding of services but we have effectively been living on debt for decades

And it was cheaper debt. The can was kicked down the road and now we run out of road.

But most of what the taxed income will finally be spent on will include taxes and or duties. Taking us back above 50% going to the government.

Anyway taxes are high and I don't think OP is unreasonable to feel they are poor value

The big question though is where is the money going? Certainly on interest payments. People moan about underfunding of services but we have effectively been living on debt for decades. We can't afford the welfare state we have now that everyone moans about, let alone the one that people feel entitled to for no other reason than they would like it to be so.

Also we have a lot of very expensive issues we need to solve. Migration is one, but the spiralling welfare bill is another as well as SEN costs. For example, how many £100k a year SEN school placements can any indebted and overstretched state afford whilst delivering a decent service to all children? It doesn't take Sherlock Holmes to work out that it would require an awful lot of average tax payers to fund one placement and nothing else. Is this sustainable and realistic considering the mess we are all in? Difficult questions like this need to be asked rather than simply hoping we can tax our way out of it all.

Do you mean this for anyone who can’t pay much tax?

So I presume then that you’ll stop using the NHS, stop expecting your bins to be emptied etc in return?

So you’ll not use a gp or do you mean bupa for after you’ve seen a gp and been referred?

Most of those services are run down because the money is going elsewhere or they are too expensive. Do the police turn up? Will anything come of it if they do? It could take years for the person to go to trial and then he will get a suspended sentence because there isn’t enough room in prison. Meanwhile the kid who has been disrupting your child’s class has to wait years for an ADHD diagnosis so that he can get medication and support so finally the unqualified physics teacher can be heard. I could go on, but you get the picture.

There is a reason why people are feeling frustrated and people on here who are urging them on to quit work and stop paying tax don’t seem to realise quite how unsustainable our current system is.

Nothing flourishes in hard times like the cash-in-hand black economy.

Standard response. I doubt it but if anyone is for Reeves and Starmer I wouldn’t go by the tax us more threads on mn. Or tax them more, rather.