Higher taxes incoming on Tueaday

[Choosychoice]

If you earn £100-£125k you currently pay income tax at a marginal rate of 63%. This isn’t enough for the SNP who next Tuesday are increasing it to 65%. 🤯 in what world is this a reasonable thing to do, when money is being wasted left right and centre by these imbeciles on embassies with no political purpose, ferry contracts so bad we pay 10 x the going rate, and a department for constitutional affairs who’s whole purpose is outwith the devolution agreement. We’ve just spent millions trying to get the GRR past section 35 when the case was so weak it took 46 seconds for the judge to throw it out and rUK are (quite rightly) considering asking for the Scottish government to pay their costs.

I don’t mind paying more taxes for the child poverty measures, but raising taxes to allow these fiscally incontinent 5 year olds to waste again and again and again is farcical.

I once saw something and I can't remember where or who it was but it was simple but also clever (so I thought) . This was UK wide not specifically Scotland and I also can't remember the exact figures....

Anyway the premise was that you double the nil rate band which takes everyone earning under £25k ish out of tax and you remove the nil rate for the very highest earners think it was over £125k and the tax revenue going to gov would be pretty much the same and the extra being paid by the highest wasn't proportionally significant but the amount extra at the bottom earners would be.

However the extra money received by those at the bottom would pretty much all be spent on goods and services also raising tax whereas the money lost by high earners was more likely to be in tax efficient savings earning little for the government.

The of course you have the added benefit to low earners life situation.

He said its very easy to do via the tax code system and could even just be done temporarily for a couple of years to help with cost of living crisis.

I didn't realise it was coming in for 75k although I'm not on this the very top of my payband is. Losing an additional 2% won't be worth it to me will reduce my hours down and take the extra day not working when I eventually get there. I doubt I will be the only one which will be thinking like this either so puts a hole in their will just tax higher professional jobs!

It's incredibly short sighted of them and like you OP I don't mind paying additional tax to help those in poverty. I do mind paying extra tax to fund ferry cock ups and 2 million quid of bonuses etc!

https://www.bbc.co.uk/news/uk-scotland-scotland-politics-67706492

Exactly, @treadingonlego . Definitely Toaries, most probably English anyway, and if not will live somewhere like Morningside/Bearsden, poshos who have no idea of anything and probably flag shagging unionists.

There is a hard core of SNP who think exactly like that. And who cares if it's going to raise tuppence, it's all about not getting wiped out at the next election.

And also @Ineedaholiday23 - the people earning over £75k are the hospital consultants, headteachers and deputy head teachers, pilots, air traffic controllers, senior managers.

Let's think... do I as a newly qualified hospital consultant living in East Lothian take a job in Edinburgh where I'm hammered for tax because of my "richness" or do I look at hospitals in Northumberland? No brainer.

I always get confused over whether it applies to individual income or combined household income?

This is ridiculous. We already have higher tax rates and lower tax bands in Scotland. I totally agree with the brain drain concerns. My DH is in the 75 to 100k band so not as badly affected as you op, but its still pretty gawling, if i lived an hour down the road maybe I could afford my kids an extra gymnastics class or something. I work in a small office in Edinburgh, three people have moved to berwick upon tweed and commute in to Edinburgh once a week by train for lower taxes. I earn less but still over the 42k threshold so i pay way more into my pension than i otherwise would. Its absolutely sickening. You consider countries such as Norway where high tax equals good education and health etc. We have high tax and none of the above. The Scottish government are a total shambles. The people voting SNP need to realise that this is their doing!

Income tax is always individual.

Everyone in Scotland earning more than £28k is paying more tax than they would in England or Wales.

And aren't we seeing the glorious benefit of all this extra tax we're paying? 🙄

Saw a discussion on TV last night on this issue, the consensus was that people affected would sell up and move to the other side of the border. Another own goal by Mr Useless!

My DC leaves school next year. It's very tempting to think about moving south of the border. The increased tax take in my house is significant. I can do my job just was early from the north of England.

The main issue is that I work in an industry that needs senior management to move to Scotland - but why would they when they see a significant drop in their take home pay. Graduate who will be future high earners are more likely to leave as well.

In the meantime I'll continue to maximise my pension contributions - which might not be the case if tax was less punitive.

This is so performative. Will raise barely a thing. I'm impacted, and I'll do what everyone else in my position will do - pay more in pension contributions.

Communist Scotland

That is incredibly high, 65%! I had no idea. Is the low reaction because not many are impacted

What’s to say really? It’s only one of a number of scandalously bad things the SNP do that are uncommented on cause the Tories are admittedly equally bad, and their voters are generally speaking to ignorant to be on a decent salary.

Question time last night was fun. There was a guy who was the Yes campaign leader on and he was competent, made some excellent points, was convincing. Oh how low the Indy campaign has slipped since 2014. The sheer ineptitude is astonishing.

Actually, it's about 41.5% at £125k. But it's the marginal rates that are criminal. The marginal tax rate of income between £100k-£125k will be 67% in Scotland, under this proposal.

I wouldn't care so much, except they have proven themselves completely incompetent across any number of dimensions, and ideologically possessed, so the money is literally wasted.

This is the problem, the numbers paying the higher rate and top rate are tiny (sorry couldn’t find more recent numbers). It doesn’t take a lot to leave to have a huge impact. It’s like the SNP haven’t heard of the laffer curve. Plus the middle class is demonised and don’t benefit from the spend - very negatively impacted by SNP approach to Uni applications. The amount of extra being paid you may as well move to England and pay tuition fees as you’ll recoup over time .

Yes it’s counterproductive, with not enough higher rate tax payers taxes will keep rising

Look at the numbers not paying tax! Huge.

It's not going to get any easier to recruit
Dentists and Doctors.

Will we see a Scottish weighting added to salaries similar to London weighting to entice recruits (put off by Scottish taxes) and balance out the added cost to working in Scotland?

Don't be daft. Doctors and dentists should be grateful for the opportunity to work in the glorious socialist republic of Scotland where everything is milk and honey.

Once my kids have left school I think we'll move out of Scotland. Absolutely had it with the crazies in the SNP and greens ruining our country.

Oh I hope so!

Really wouldn't mind about this if the Scottish Government were anything near competent.

Everything devolved is going to shit, and they don’t even acknowledge that it's gone to shit — preferring instead to 'spin the narrative' — so there is absolutely zero chance of anything being improved.

I think the 'brain drain' in Scotland is already evident in our political class, as are the consequences of it.

Seriously depressing.