To not be happy about paying this much tax

[Lovingthehamsterwheel]

Name changed to enable objectivity.
I just saw this new tax calculator that shows you how much tax you are paying in total, including all hidden taxes, council tax etc

For a Person on 75k a year, 44 percent of earnings go on tax.

10k of that is spent on welfare.

Am i being unreasonable to think this is absolutely a terrible time to be alive in terms of taxes in the UK. And it is no wonder higher earners are leaving the country.

tax.corgi.global/

Me and my family - we are both high earners and left the UK. Very good friends of ours are leaving at the end of May and my brother in law and his wife with 2 kids are looking into it (to join us as we speak) all high earners with kids that love the UK. I still miss it every day.
and if you do a quick google sources there are plenty of sources that tell you the same. If it’s significant enough I don’t know.

Corporation tax included?

yeah, this isn't a truthful calculator in any way. I am guessing it's been shared to get certain types all riled up and angry.

Exactly this. Everyone was up in arms about cutting WFA, but also doesn't want to pay a large welfare bill to support pensions.

Ah the calculator developed by James Watt, the UK's answer to Elon Musk with a big agenda to push.

You'd get more sympathy if you stopped with this crap.

That argument is no different to saying "I don't want my taxes to pay for the fire service, it's not MY house that's on fire." It's a bullshit argument, completely right wing and totally selfish.

Tax is what we pay to live in a civilised society.

That said, we need to do two things:

1. Get to grips with the 'entitlement' in society and benefits DO need to be reformed.
2. Bring in a wealth tax on assets on £10m and above and start taxing ultra wealth at the same rates as people on PAYE are taxed.

Those two things need to be tackled, not necessarily in the order given.

Also, show me the countries who have less tax and better services. Show me! All the other Western countries that are quoted time and again have much higher rates of tax than we do for better functioning public services, or are you talking about the middle east, where if you fall on hard times, hard luck?

There’s no private emergency care and no private maternity care outside London. Using your argument during the five decades I didn’t need any healthcare at all I shouldn’t have paid anything I suppose.

I really dislike James Watt and Elon Musk, I also dislike my huge tax bill.
It says the calculator is based on open source data from ONS, and I was intrigued enough to want to spark a debate on it.

My OH is a higher rate tax payer, which would be fine if he got something in return for it.
Instead he gets shit schools which can’t support our SEND child, an NHS where you can’t get a GP appointment and spend forever on waiting lists if you need specialist care and don’t get me started on Local Council services.

Lovingthehamsterwheel · Today 12:19
Its not silly, mortgage interest means that the banks are earning in many cases double the original loan value in interest, this should be offset against the welfare and housing tax to reduce payments.
It would support the property market.
If I am paying for private healthcare, why should I not be able to reduce my NIS as I am taking strain off the NHS?

I would be perfectly happy for you and your family to opt out of the NHS for all time: sign a contract to that effect. Save yourself a few grand a year on the understanding that if the really expensive stuff — 999 emergencies and the ambulance service, cancer, complex heart or neurological issues, genetic defects, severe disability, dementia, transplants, whatever — hits you and your private costs go through the roof you have no claim on the NHS, even if your private insurer decides it no longer wants to cover you. You opt out, you stay out. Be prepared, if you're hurt in a road crash, to be asked to provide your credit card before treatment. Otherwise do what we all do: we pay into the NHS as an insurance policy against the worst. You can't opt out paying for the NHS when you want to queue jump but opt back in when it's cancer.

A mortgage is just a loan. The banks take the risk of loaning you other peoples' money (it's not the bank's money) so that you can eventually benefit from paying off your mortgage and enjoy the luxury of owning your own home. They pay interest on the savings that are used as the basis for mortgage loans. The banks work on a fractional reserve basis: they hold a (sometimes quite scarily low) small proportion of money in comparison to the large amounts they loan.

The banks are businesses that employ people, pay their NI and pensions, pay sick pay and allow early retirements through ill-health, make profits and pay business taxes. They also pay dividends to shareholders, which include your (and my) pension fund. Take away their profit-making potential and you shoot everyone with a pension in the foot.

Are you sponsored by Reform or Trump, OP?

Not intrigued enough to notice its obvious flaws though.

The only calculator I've used is one when I get a new job and work out the take home pay. But that doesn't include all taxes.

Not sure this one is accurate, the 10k one below not sure about that, seems unlikely.

This..... Sorry op but you might want to be a bit more curious about where random shit on the internet comes from, who finds it and why..
The oecd website has actual data on the tax burden across developed nations. We are far from an outlier.....

Like if I have private medical insurance I should be allowed to reduce my tax accordingly.

What private medical insurance do you have that's going to send an ambulance if you need one?

Which private A&E is it going to take you to?

Hence this post... I asked if I was being unreasonable.. and it seems, and I will admit that I was being unreasonable in many aspects that I had not considered or looked into... but not completely unreasonable in all!! .

@Lovingthehamsterwheel do you still have your parents? Their pension is coming out of that.
Do you have children? Their education is paid by that.
Do you use the NHS? Your DCs, your parents? That’s what you’re paying for.

And that’s just a start.

You might find it’s an awful lot of money. But have a look. How much would it cost you each year to pay for healthcare privately? Private school? Providing a pension to your parents?
That will be a lot too. And probably more than you’re currently paying.

Fwiw your comment about how ‘rich’ people are leaving the U.K.
1- you’re not in that income bracket
2- they aren’t leaving
3- some if them are actually asking to taxed more…..

How do you know they aren't leaving?

Well I can't play as it says my salary must be at least £5000.

There needs to be a flat rate of tax rather than tiered.

Flat 20% for example.

Earn 20k, pay 4k
Earn 40k, pay 8k
Earn 100k, pay 20k

It would actually incentivise people to work harder and be more entrepreneurial and ambitious, rather than 'sh!t, I'm at 100k, there's now no benefit to me earning more because I lose childcare' for example.

🎻

Source please? Everything says the complete opposite.

https://commonslibrary.parliament.uk/research-briefings/sn02784/#:~:text=The%20full%20suite%20of%20indicators,over%20this%20period%20at%2012.2%25.

Interesting the votes are not poles apart. Still 43 percent think I am not unreasonable.
I think this is definitely a nuanced debate.

What a disingenuous tool.

Lots of these are not hidden though. Vehicle tax has it in the name, we all know we pay VAT. I understand that my pension is taxed (sort of, I'm a way from claiming it but I know it is). And when anyone says, "I have private health care, I should have a reduction" do you think if you were involved in a serious accident the ambulance would arrive then realised you are Bupa so leave you on the ground to contact your own private ambulance? You'd be taken for emergency care and that is why we all pay for it.

This. Suggest you call HMRC and let them know they’re taxing you wrong

It was when the Tories left office