The wealthiest families should pay the Coronovirus bill

[WellDoneBridge]

Aibu to think this is VERY unfair the household incomes of £100k plus should be tax EVEN further?!

Ffs... Anneliese Dodds. What a joke!!!!

it should come from corporate.

Wow. What a thread. Thousands and thousands of people have lost their job and now have no income and you are complaining that your 100k plus household has to pay more tax?! Unreal.

They've already had to backtrack on the pensions tax traps for higher earners like GPs and dentists as they simply started working fewer hours, meaning shortages.

A better plan would be to properly tax the sports personalities, pop stars, formula 1 drivers, and other "slebs" who use tax avoidance/evasion schemes or move abroad to tax havens to avoid UK taxes. How about Lewis Hamilton pays the VAT he avoided by registering his private jet on Isle of Man (a tax haven!).

op would u complain if taken from benefit scroungers?

@WellDoneBridge

Urgh! Why do they think that because you earn £50,000 a year each you're 'wealthy'

Because that IS wealthy.

OP people like you are why we have Boris in power
I find attitudes like yours offensive

I earn > £50,000
I have had an advantaged life that allowed me to do that.
I am a socialist
I believe in an NHS free at the point of use, a social care safety net, universal education, decent housing and equality of opportunity for all
Therefore I am happy to pay for everyone to have those services

Literally no-one who earns >£100,000 household income cannot afford to pay more tax. No-one at all. If you have big outgoings that is due to your lifestyle choices and maybe you should rethink them.

Everyone will be paying the cost of Covid. Would you seriously rather that poor people paid than you??

@WellDoneBridge we earn over 50k each, marginally, we have no slack.

The average wage across the uk is roughly £35,000 so if you earn more than that you are wealthier than most other people so £50,000 is wealthy

why do people think because you earn 50,000 a year you are wealthy

Try earning less than half that you'll soon realise how "wealthy" you are

I think any sensible household earning over 100k has to expect to be footing some of the bill. It's entirely reasonable, we have to recoup some of the cost somehow and surely no one wants a return to austerity,
it's not the right solution is it?

My household isn't earning 100k but we are not poor and we are careful with money. E
We have made lots of economies anyway because we are generally braced for tax rises and price rises, due to Brexit and covid19. I don't like it, as obviously I'd rather pay lower tax, but I don't see much alternative.

I do also think it is time to end the triple lock on pension increases, it is idiotic and no longer deserves to exist. I'd like to see less pandering to the wealthy middle class "grey vote" and more consideration how to support the truly needy in their old age with proper social care- plus a package to help the younger generation who seem to get screwed, over and over again.

Having said that the covid bill is HUGE so I'm not sure how far tax rises will help, and they don't want to stifle spending too much as they need the economy to bounce back.

The wealthiest already do pay proportionally more in tax. For example (yearly figures below):

• Earning £50,000 you pay £12,000 in tax (24%).

• Earning £100,000 you pay £33,000 in tax (33%).

• Earning £200,000 you pay £83,000 in tax. (41.5%).

Where are you getting this news from OP? Do you have a link please? I hardly think earning 50k/ year makes someone wealthy.

Well, the 2007 / 2008 financial crash

• caused by the greed & incompetence of wealthy bankers -

was paid for by austerity i.e. the poor

Should the poor pay again for this recession ?

High net worth individuals should pay more. IIRC the poor end of the scale is a single person on £140k a year.
Tax avoiding companies should be targeted too.

SInce we keep being told there is no Magic Money Tree ...

someone has to pay

Should it be the poor again
or those households on 100k+ ?

“the poor” aren’t a set of people. Plenty of people grow up in poverty and make more money now. I was “the poor” in the lady’s crash and now earn 50k / year. That isn’t unusual. I could be back to being “the poor” again in the future.

The last* crash

Higher earners already DO pay more tax; those earning over £50,000 pay 40%, which is double the rate of those lower than that salary, then the top rate of 45% kicks in at a basic salary of £150,000...how much more do they want from people???

Because a household income of that much is wealthy.
My household income is 33-40k between DH and I. We have a new car, and a four bedroom house. We don't do abroad holidays, we have been together eleven years and been abroad three times.
We cut our cloth.
Yes I think anyone with a household income of 100k should be taxed more.

If you have a household income of £100k and feel ‘strapped’ you need to budget better because you are not bloody strapped.

WTH?

I think that the responsibility lies with everyone on large or small incomes to create or produce as much as they each can in coming years to help pay down this debt. I'm a higher earner, expecting to and happy to pay extra tax, because I can. Whether that tax is paid through my company or through income tax, I don't mind. I don't like regressive taxes like NI on principle, nor hidden expense taxes like VAT or IPT that end up even more regressive, so I'd rather not pay it that way. I suspect we're heading for an additional special social care tax however, to relieve pressures and start the funding that area needs.

I'm not a socialist, but I am a realist, there's a massive set of debts being run up here, with more to come, and debts need paying. I feel very sad for those who've lost their jobs and for some good companies that didn't make it. I hope we can all work hard to bring the economy back up soon.

Sorry 2 x £50k earners = £100k household

Somebody has to pay for the covid bill....

So will the benefits be lowered and make the poorest pay

Or a little bit on tax say 3p 2p or 1p for everyone

Or the ones over £100,000 pay more

Or close the tax loopholes and make businesses that register abroad but earn here pay their share

Or a bit of all of it?

@Waxonwaxoff0 because your income ISNT £100k after earning that. It's more like £58,000. Which after bills, childcare, mortgage etc. There's not much left over!!!