What tax do you most hate

[Taxta]

I’m torn between stamp duty and inheritance tax.

Move to a 0% tax country. And don’t expect to be welcomed back when they get bombed.

Our family in Dubai don't pay any. I envy them.

High earners still benefit massively from the state. From the education system to the NHS, to all the council services - yet for some reason they think they don’t have to contribute to that

High earners are contributing to those things already

So? Do you want a medal?

Low income tax is not enough to tempt me to relocate to Dubai!

Stamp duty is infuriating. Inheritance tax is unfair.

That's the plan for 2027-2028 😀

Other people should have paid for them, but they don’t need to contribute?

Are you writing this seriously? High earners are already paying for themselves and for most of the rest of the society. They do contribute already. What they refuse to do is to pay even more. They change behavior.
Your can argue what you like what other people should do - if they consider taxation excessive they stop. And that's it.

That’s true & why low taxes aren’t possible.

@wecangoupupup is that your attempt to acknowledge that higher earners pay tax?! 😆

Triple lock has its significant issues. It's not that last straw which killed the camel (economy is this case).

Can’t touch that though. We must go after the disabled on benefits.

I’m not arsed whether they pay tax or not. I’ve not disputed that they do. I’m disputing that they think they pay far too much.

I wouldn't mind maybe a 35% or even 37% top rate. But an effective 60% tax rate..... That's way too much.

I think they are saying they pay enough.

Surely you think a 45% tax bracket is suffice?

@wecangoupupup the average earner hasn’t paid enough tax to fund their state pension & healthcare costs. Hence why the demographic changes are doing a number on us.

Actually if you look into it, it is.

When the pension (and consequently the triple lock) was introduced, there was something like 7 taxpayers to each pensioner and it wasn’t expected to sustain a person for that long. Maybe 10 years.

Now there are only two taxpayers to each pensioner and people live for something like 20 years after retirement. Thus creating a larger draw on the economy.

Proportionally to lower and middle earners they do pay more when you look at comparative countries.

Nobody has. Even the highest taxpayers will take out on average £1.20 for every £1 they pay in.

“The average earner in the UK now has the lowest effective personal tax rate since 1975 — and one that is lower than in America, France, Germany or any G7 count”

@wecangoupupup can you link to that as I have never read/heard that before.

The triple lock is crazy in this economic climate!

“The cost of the state pension triple lock is forecast to be three times higher by the end of the decade than its original estimate, according to the government's official forecaster.”
“The triple lock, which came into force in 2011, means that the state pension rises each year in line with either inflation, wage increases or 2.5% - whichever is the highest.
The Office for Budget Responsibility (OBR) said the annual cost of the triple lock policy is estimated to reach £15.5bn by 2030”

I would abolish stamp duty at point of purchase and bring in a 3% tax at point of sale between what you paid for it and what you sell at .

I’d vote for that!