To think everyone should pay the same income tax?

[bigch]

It seems unfair that the people who payed thousands for university, work full time to earn a higher wage or have their dream job are contributing more of a percentage of their income to the system than those who just wern't bothered or decided to have a lower key job.

20% of 100k is a lot more than 20% of £18k and they don't even use the same services such as public school, benefits, ect.

Not rich myself, decided to become a flight attendant because it was what I wanted, but my more hardworking richer friend shouldn't be paying more for my lazy ass to live, I do it fine on my own.

Honey, I think you mean you're so mean. Otherwise, you are spot on: I am a lawyer. I think I would be more fulfilled if I worked in a caring profession but don't have it in me. Instead, my taxes do some caring for me.

They pay NI, but they pay a lower rate on any income they pay 40% tax on.

I meant they paid less NI on the income they pay 40% tax on.

No need to be so rude.

As I said, it effectively goes up from 32% to 40% (which is actually 42%, due to a change not so long ago)

'Jeezy, just say what you mean in future. Rather than saying something completely different, and then when someone picking you up on it, you say that in fact you meant something different.

It annoys me on important financial matters, people wade in talking nonsense.

If you read what I ACTUALLY said, at no time did I say higher rate tax payers pay no NI. I said 'at basic rate' (which higher rate tax payers pay) it's 12%, at higher rate (ie above the basic rate band) they pay nothing. Which was wrong and I later corrected it to 2%.

At no time did I say higher rate tax payers pay no NI.

"Higher rate tax payers do not pay NI."

Yes they do. It may be that the highest rate taxpayers don't. Higher rate do.

It annoys me when people don't read what is actually written.

oh sorry maybe I missed something.

That wasn't aimed at you Brycie.

Jeezy, not one for detail. Are you?

In your first post, you say higher rate tax payers do not pay NI contributions. It is there for all to see. You were wrong.

In your next post, you correct yourself and say in fact, higher rate tax payers pay 1%. You were wrong.

After I pick you up on it, you once again change your information.

For anyone interested, read my first post which is lifted from HM customs and revenue site.

Jeezy, you are getting yourself In a twist. I would back out of financial matters if I were you.

No I didn't.

I said 'at higher rate' as in once they are paying 40% tax.

It's you that misses the detail.

Missmybellybutton I am glad that I learnt manners even if my spelling is rubbish, would you correct someone with a speech impediment?

Jeezy, you got it wrong. Nothing to be ashamed about, but to scrabble around denying is, and change your info, is just embarrassing.

Bbface, I see no point in continuing this. I know what I said, and - other than the 0%/1% thing, I know that I'm right.

I'm really not sure what you are trying to achieve here now. It seems you have issues and you are trying to take them out on me. I was right, although maybe I could have worded it more clearly.

I won't engage with you on this any longer.

Jeezy to be fair, I read it as Beezy read it - I really thought you were saying that higher rate taxpayers only pay 2% NI. Seemed a bit odd to me, but as I'm not a higher rate taxpayer, couldn't argue!

bellybutton why are you doing your best to come across as a pedantic tool? . Unless a post is unreadable, why comment on punctuation, spelling or grammar?

OP, in principle, you've got a point. But as others have said, the shortfall would have to be made up by lower rate taxpayers, which would be unaffordable for most of us.

Calm down everyone.

I wouldn't worry too much about the op, go and have a look at her baby names thread and you will realise (hopefully) she is taking the piss.

I don't think it's necessary to correct people's grammar and spelling on a thread like this though - bad form imo .

Jeezy, Stick to frothy threads and avoid money ones. To anyone still reading this, just spend thirty seconds reading jeezy's posts. If you are employed, I wish your colleagues all the best, because what you have displayed makes for a very difficult colleague.

Mrs Vestibule, I realise I could have worded it better, but I have acknowledged that.

That doesn't excuse rudeness.

The biggest scandal with tax is that really high earners, ie millions, can avoid a lot of it. Christ most of us paid more than Barlow and Carr last year, it's disgusting. My DH pays 50% on some of his and we can't complain, if he paid 20% we could probably afford a bigger house and private school for the dcs... perhaps I should get him to contract!

Where was my rudeness. I wanted to quickly warn people to ignore your info, before they go into work thinking that their higher rate bosses are not payng any NI contributions, or if they are a mere 1%. I had to say, in brief and unequivocal terms, that your posts were nonsense and should be ignored.

I agree with OP. the more one earns, the higher the actual amount is paid in taxes of all kinds, actually. The more one spends, the more VAT one pays and I seem to remember reading somewhere when Labour brought in their excessive complications to the tax system the calculation that showed how my family paid about 67% of our income to the government (at that time, obv) with income tax, NI, VAT, duties, etc. Don't forget those other taxes we're forced to pay, which are kind of income based unless you're a complete recluse or total miser.

You know, if I was one of the super-rich I would piss myself with laughter every time ordinary people with no wealth reserves on MN bogged themselves down in a discussion about income tax. All the jealous, snipey "My neighbour earns x and I don't think it's fair that blah blah blah."

What's needed is a drastic rebalancing of wealth taxes. Income shouldn't be taxed as much as it is full stop. It is a bad idea to overtax productive work, it is a good idea to tax unproductive wealth reserves.

Mad bust, genuine question, what is an unproductive wealth reserve?