So sick of hearing about tax increases

[Imjustwonderingnow]

I don't want to be taxed more - I pay a shitloaf already while big companies like Google and amazon get away with paying next to nothing. Nothing I can likely do about it but I'm concerned about the fallout for people all over when taxes increase. I'll manage - of course I will and so will many. But something isn't right if the top 0.5% won't get affected but the 9% that pay 60% of taxes will. Why do you think successive governments haven't dealt with tax for big corporations? If you are an economist or know a bit about this I'd love to know your perspective.
And once taxes are raised that's it - it won't come down again... unemployment is at 5 % already - its a catch 22 ... just ugh - needed a moan (sticks head in sand because what else can you do )

It's all speculation, so far. Happens every Budget. I'll start giving it serious thought once we know what the Chancellor will actually do.

"And once taxes are raised that's it - it won't come down again..."
That is totally untrue. When I went out to work in the 70s, income tax was something like 30p in the £. It's now 20p.

Denis Healey was the last Chancellor to raise income tax and he reduced it two year later, and reduced the again the following year.

I’m sick of high earners complaining about paying tax. So there’s that.

I hate this Government. I would rather vote Reform than they get in again.

Depends on how you define a high earner? Over £100k? Over £200k? There are lots of people in the higher rate of tax that live a modest lifestyle. They often lose half of their salary to pay for other people.

As someone has pointed out, once your salary is a certain level, you lose half of it in tax and NI - worth moaning about IMO. That’s a gigantic amount of tax and shouldn’t be increased. I really think we should not be milking massive net contributors any more. They can and will go abroad. Every net contributor we lose going abroad makes the disaster here a bit worse. Or, they will choose to retire or cut their hours or whatever - and if they are an NHS consultant or something else vital, we will all lose out. These people aren’t the problem.

Isn’t it the case that a few years ago when we had a top rate of 45 or 50 % on these people, that the tax take decreased?

chat gpt says that if you earn 250k, the tax and NI bill is over 101k. These people are massively valuable to us when you consider that just over half of households are not net contributors. Those 250k people are likely taking nothing/next to nothing from the state.

Why when they already pay most of the tax?

Enjoy having be no nhs then

Could you explain why that bothers you please?

What’s the threshold for a high earner?

But lots of betting shops!

Instead of being sick of that, you could choose to be sick of the scum who are stealing parcels off porches to the tune of more than £600million a year? There are so many people actively destroying and taking from the country. Why are you sick of the ones keeping it afloat?

I’ll bite. It’s not true that big companies pay next to no tax in the UK. Amazon paid about £5bn in UK taxes last year. HMRC evidence is that the vast majority of tax evasion is from self employed people and small businesses. It’s the builder who gives you a discount for paying cash - which, amazingly, many people on MN defend and admit to doing themselves.

Big multinational companies do have the option of locating their most profitable activities outside the UK to minimise their corporate tax bill, and of course they do this. But there’s essentially nothing the UK government can do about that. If Google decides to build a data centre in Ireland rather than the UK because the taxes are lower, they aren’t breaking any laws.

I agree. I always report self employed people if they offer me a cash price without vat. I have no idea why people defend it, they are stealing from employed people

I can be sick of more than one thing at the same time.

They also earn most of the money.

But why would they continue to work hard when the government is taking 50-60% of it including student loans and giving it to people who won’t work

Maybe the pp wants to pick up their taxes.

So you believe the proportion of tax versus the proportion of earnings is correct?

If you put £30k versus £150k into a salary calculator, do you already know what the answer is? I'll be honest, I was shocked.

and I already thought those people were paying too much!

Wait... what ? Over half of people are NOT Net contributors? Is that right?? It can't be ... onnyour other point re 250k that is an extortionate amount of tax yes

Really ? You actually do that ? Gosh - I wouldn't think this makes a massive difference as usually probably is for small amounts - who wants to take the risk of paying someone 10k in cash .

It’s worse than that. Just over half of all households receive more in benefits than they pay in tax.

Fewer than 20% are net contributions who pay more tax than the value of services they use.

To be a net contributor you need to be paying just under 20k in tax and NI each year. This means you need to earn over 60k every year of your working life.

Don’t forget that in a 2 parent household both have to earn that amount to be a net contributing household. If one parent doesn’t work the other needs to be on over 100k to break even.

We have a remarkably small number of taxpayers bankrolling the majority.

I really think we need to look at waste first before asking for more money.
Small pitiful example but I was shocked at the incompetence of hospital cleaners every time I've been on a ward esp if hear a vent like heaters.

Improper sloppy hygiene and cleaning costs money !!

Using Weetabix in hospital ? Branded Weetabix ? Why not the Lidl version or Aldi ?

It doesn't sound like much but if those branded products are being wheeled out to all those patients day after day that really stacks up.
This is nothing on the time wasted in the NHS on many other things ,wasting time .

I've got a novel on NHS Incompetence so do I want to throw more money at it ? No.

Remeber that business man who went in to review it !

The whole immigration saga is costing us billions .

Gaps everywhere where people exploit us eg selling fake English tests and getting non English speakers into various things eg university.

There are many more examples of how we can tighten up first before asking us for more money.

Well I'll be damned - and totally shocked . I guess we consume a lot of services and paying for it has a cost but really didn't think it's that big a proportion... and yet the chant of "but they earn more " continues. I don't get why anyone that earns a salary wants anyone earning higher than them to be penalised. It would be much fairer to have a proportional flat rate for all but that would never happen 😆

They pay for most of the benefits though. They lose so much of their income and I can understand why they cut their hours, move abroad or retire early. We then lose important roles and hard working People

I am not a high earner but I do own a house in London- an ex HA property bought in the 1980s. I have worked all my life - unlike many of my HA neighbours who have lived off benefits despite being well enough to work. I can not afford to run a car. They all can - some of them newish, high value vehicles. They all get reduced/no Council tax, subsidised gym memberships, subsidised entrance to events run by the local authority etc.

When I die my DD will have to pay IHT to stay in the house she has been brought up in. My HA neighbours can pass on the tenancy free of charge.

UK is one of the few countries in the world which taxes a family property worth under £1million pounds on the death of a householder. And believe me when I say it is not a mansion!

There seems to be no return at all for people who have made an effort, got up every morning and gone off to work.