Social Care tax

[PurpleGorilla]

Income tax free, not NIC free

30% flat rate would lose Govt lots of money even on "base rate" taxpayers, so it will never happen.

NI on £10k is £232.80

My bad

[AtW]

I'd vote for any gov that introduces a 30% BTL tax

Don't worry, they all will...

[AtW]

NI on £10k is £232.80 My bad

Listen, I am not talking about minimum wage earners ok?

[PurpleGorilla]

Income tax free, not NIC free

30% flat rate would lose Govt lots of money even on "base rate" taxpayers, so it will never happen.

Then make it 40% then, or what ever the balance point is.

All pay same tax, no boomer or Starbucks exclusions. That works for me.

[PurpleGorilla]

Listen, I am not talking about minimum wage earners ok?

Ok!

[AtW]

Then make it 40% then, or what ever the balance point is.

Nobody will make it flat rate because it's "unfair" - electorate feels much better knowing that some rich people will pay higher rate of tax than they do. The trick is to make sure that said electorate does not realize how much tax they pay themselves

[expat]

Sorry did I say rich? I meant BTL landlords.

How about more taxes for over 50s.

Seems fair if under 21s get a lower minimum wage.

Be careful what you wish for. You will be over 50 one day.

I would agree with removal of tax relief from BTL so that a house is no longer less expensive for a BTL landlord than for an owner-occupier.

[expat]

Nobody will make it flat rate because it's "unfair" - electorate feels much better knowing that some rich people will pay higher rate of tax than they do. The trick is to make sure that said electorate does not realize how much tax they pay themselves

That is exactly right. Even when they are told about the rates of Employer's NICs, many people will just say "but the employer pays that": as if the employer pays it from a different pot of money from the one that he pays the employee from.

[PurpleGorilla]

Be careful what you wish for. You will be over 50 one day.

My body may fail but my views will prevail.

[tomtomagain]

Then make it 40% then, or what ever the balance point is.

All pay same tax, no boomer or Starbucks exclusions. That works for me.

It might work for you. But it doesn't work for Labour. They are "Progressive" and like to redistribute wealth. It is in their core.

They want to redistribute the wealth of people-who-work wealth to people-who-don't-work. This, they will tell you is "Fair".