Income tax - top 45% rate scrapped! Bonkers!

[HoppingKangaroo]

The 45% top rate of tax (which currently applies on earnings above £150,000) will be scrapped entirely. How will this help the economy? It will just add to the government debt and it just helps out the very weathly.
Why not have more help for the poorest in the country and not have tax cuts for the very wealthy.

Deflection will get you nowhere.

Have you actually read the post that I was responding to? The embittered rant about the "fucking bottomless pit of grasping and the sheer inability to take ownership for your life, home and health."?

I am more than happy to have an adult conversation, but I am not prepared to engage with that kind of uninformed bile.

@Kissingfrogs25 I am not sure what you mean by deflection. I was simply admiring the way you so perfectly described so many Tory MPs.

Meanwhile, new criminal barristers can earn as little as £9,000 once costs, including transport, are factored in, while some barristers say the time they spend preparing cases means their hourly earnings are below minimum wage.

Still laughing?

I said that you don't want to share because that's how you're coming across to me. Yes, just like an eight year old.

The usual anti British diatribe.

The transition could be one of new chapters, more prosperous chapters. How they fuck would you know in your negative far left bubble? If you step out for a minute you might see we DO have a surprising number of very gifted and intelligent people, we have world class schools and universities, a science, financial sector and legal system that is world class. We are, and always were bigger players than the likes of you can ever bring yourself to admit - but I see what you are doing and I see WHY you are doing it. Self sabotage in motion.

I think you are being unfair. Some eight year olds are more than capable of sharing and understand that when ones shares everyone is enriched.

AND Labour MPs. In fact MPs of all colours I assume.

No-one likes a pedant.

Although watching an actual wealth tax implemented would be interesting.

I have already responded to the question about how much redistribution I think there should be. I have been very clear that I don't believe in redistributing everything, and that the right level depends on what else is going on in the economy. And as I stated above, I don't believe that now is the right time to cut taxes for the richest when many are unable to get their basic needs met.

I like most others, would prefer to invest in what I see as worthy causes and should have the freedom to do so without the government imposing their choices on me.

You still haven't answered the blanket 47% tax on everyone policy yet - noted.

I agree with you. Everyone I know who is in the highest income bracket pays all their income tax through their company and I’ve never heard people chat about how to pay less tax. It just isn’t a thing here like it is in other countries.

Your satire is impressive, good work.

Legal system that is world class, where it is not possible if you live in many parts of the county I live in to get to and from the "local" magistrates court in the same day by public transport, so the police are spending their time having to go round picking up people to take them to court. Brilliant efficiency savings brought to you by the Tory government.

I will agree with you if you can find an example of MPs from any other parties that have spent 10,000s of pounds of taxpayers money to learn a language they already speak.

I get that ‘you don’t want to share’ is a ridiculous accusation

Honest posts from people who are benefiting are fine. I understand the sentiment

I don’t really get the optics for the tories but that’s another issue

Fair point. Tbh, I said eight year old because that's what @Kissingfrogs25 suggested. When I wrote the original post, I had the image of a tantrumming toddler in mind.

@Whammyyammy this made me laugh! When they said there were over 600k six figure salary earners in the U.K. I thought at least 50% of those must be on Mumsnet

I don't have a negative, far left bubble. I'm a socially conservative, left of centre pragmatic realist.

The UK is fucked and it's going to get worse.🤦‍♀️

@Kissingfrogs25 so you don't think that the government ensuring that every child in this country can be well fed and kept warm is a worthy cause, so don't want to pay taxes to ensure that happens.

Fair enough. Not sure where you will find the many others to agree with you, but it takes all sorts to make the world.

It isn't ridiculous, though @MarshaBradyo . Ultimately, that is what it boils down to.

It's fine. People don't have to want to share, and it's understandable that they might not want to, but that is exactly what this is about.

The top rate tax payers don't need the money that they're getting back through this tax cut. They want it back because it's their perception that they earned it and so its isn't fair to make them share it.

People might need some encouragement to take some responsibility for their basic needs no? Has it ever occurred to you that able bodied healthy people SHOULD be, as fully grown adults, responsible for themselves?

We have become a huge and bloated nanny state, thanks to covid, and we need to restart autonomy, self direction and responsibility. Or we might as well give up right now and rebrand as a side kick to China and bow to the administration and ask Corbyn to take over. We can't have it all ways.

They didn't say they did not want to pay taxes. They said that they thought the tax rate was too high. Hyperbole of the highest order as usual.
AGAIN - top earners pay VAST amounts of tax.

The libertarian trolls have come out to play, I see. The sad part is they only pretend to be rich.

Fuck me there are a lot of elitist wankers on this thread who think that somehow the job that they are doing is actually worth the astronomical amounts they are earning, compared to the average wage, rather than accepting that they almost certainly are only earning that money because the rich scratch each other’s backs and the vast majority were just lucky to be born to the right parents.

You aren’t worth it. You don’t earn it. You aren’t ‘wealth creators’ keeping the economy growing. Most of you don’t create any more value to society than teachers, or warehouse workers so stop pretending that you do. Our society does not reward success, or hard work - it rewards people who already have money.

So when I calculated it using the sky news link someone put here, it says the difference in tax paid is circa £40k which is what I said initially.