To Stop Generating Taxable Income?

[GabrielsOboe]

Quite simply, I am done with being taxed to
death, whilst getting little or nothing in return from
the state.

Comprehension not your strong point then.

I'm not scorning, or mocking, higher rate tax payers.

But I am mocking those who don't understand that their earnings and wealth can only be earned in a modern society. Modern societies that are only possible through taxation.

If you think you're earning without relying on the wider society, please tell me what you do. I'm genuinely interested

How wide is the ''wider society'' though e.g; does it come in small boats, stay in 4 star hotels and get free flower arranging lessons etc too from long suffering British tax payer?

I have no problem with taxation at all but what you may not grasp is that if the highest band is raised to the point where is it isn’t worth our while, who benefits when we leave?

How can someone who would pay 6 figures on just the tax for a house feel they don’t have enough money and need to begrudge nurses, refuse collectors, school children getting one hot meal a day etc?! Don’t you feel there is any more meaning to life? You can’t take it with you.

You should have been around in the 70s. Then you really would have been "taxed to death".

YABU.

Oh grow up. Society is the entire infrastructure that allows anyone to earn a living at all roads, electricity, law, healthcare, education, police, even the currency itself.

Without those things nobody’s salary or business would exist. Reducing that vast reality to some cheap headline stereotype is a nonsense deflection.

What are taxed reserves?

How old are to that you've enough savings to live off and never work again?

Does this tax embargo include not paying VAT, customs and excise, IHT, CAT, CGT?

What’s your plan?

I can understand people not going for a promotion or if they get a pay rise asking to drop back a few hours to stay in a lower tax threshold.

Thanks, I am retaining BUPA.

I was, in so far as I remember my father doing three jobs just to make ends meet…

How much a month, roughly? And just the usual private stuff ( routine, cheap) or when/ if it gets serious -NHS? What about Dental?
can I ask as well what’s the tax on your income - happy to pay thatt?

We retired early because we could afford to recently in our mid fifties. Net contributors for many years. We do still pay tax on our pensions. I know a few higher rate tax payers that decided to. If you can afford to why wouldn't you. They will all be still paying tax on their pensions just not so much. Any pension amount over the personal allowance pays tax.

You’ve made a bit of a leap there. Where did I say I begrudged children getting a hot meal at school, nurses or refuse collectors?

I haven’t said there should be no tax - but yes rates of 50-100% (or higher!) are too high and act as a disincentive.

That doesn’t mean you resent funding public services or paying tax at all, it means the way tax is raised has become particularly punitive at certain levels of income, and for things like moving house / if you have a child.

I think if people’s current taxes were paying for current services that would be one thing but we are all paying taxes for the follies of the past. The UK truly does have very shit services and the tax rates aren’t low.
Someone compared Denmark. I believe that Denmark has done so good things but I don’t live there so who knows. I like the idea that the top salary in a company can’t be more than 5x more than the lowest. That 50% of top roles go to women. That men do 50% of household and child rearing. And I think Denmark has got the closest.

So you never walk on pavements, drive on roads or get ill? Never had access to Education? Well done you, you are marvellous! Just do what you want.

I probably would, have you paid off your mortgage and got pretty much everything you need, you could probably keep earning just below the tax threshold to keep ticking over

It isn't a privilege to pay so much tax. What a ridiculous statement! High tax payers subsidise everyone else disproportionately and it is about time that those that are being subsidised wake up, realise this and not only become more grateful, but realise the reality that a lot of these cash cows can and will leave if the tax burden becomes too much.

As for whether people could earn as much without a society with such a heavy welfare burden around them, look at the amount of wealthy and capable people flooding out of the UK to earn just as much money without such a heavy tax burden in other countries and you will see that they absolutely can. You can get upset about the ethics and human rights in these countries but this doesn't take away from the fact that there are other countries and economies that exist where high earners can earn just as much money and aren't addled by taxes like they are in the UK.

The arguments about roads and refuse collectors also is a nonsense. You get all of that in low tax economies and if you're a high earner then you can pay for your own healthcare and education more efficiently there. You aren't expected to fund everyone else's services and then hated because it is never enough and you have more than them.

People are voting with their feet! We need to be very careful as a country that we don't just end up with a country of dependents on the welfare state whilst the people that actually find it have fled elsewhere.

Standard response. I doubt it but if anyone is for Reeves and Starmer I wouldn’t go by the tax us more threads on mn. Or tax them more, rather.

Nothing flourishes in hard times like the cash-in-hand black economy.

Most of those services are run down because the money is going elsewhere or they are too expensive. Do the police turn up? Will anything come of it if they do? It could take years for the person to go to trial and then he will get a suspended sentence because there isn’t enough room in prison. Meanwhile the kid who has been disrupting your child’s class has to wait years for an ADHD diagnosis so that he can get medication and support so finally the unqualified physics teacher can be heard. I could go on, but you get the picture.

There is a reason why people are feeling frustrated and people on here who are urging them on to quit work and stop paying tax don’t seem to realise quite how unsustainable our current system is.

So you’ll not use a gp or do you mean bupa for after you’ve seen a gp and been referred?

So I presume then that you’ll stop using the NHS, stop expecting your bins to be emptied etc in return?

Do you mean this for anyone who can’t pay much tax?