Social Care tax

[PurpleGorilla]

The problem Comrade, is that the definition of "rich" isn't what you think it is. "rich" will be defined as above median income, which means you will be going from "rich" to "poor".

If you want to be poor, a quicker way is just to set fire to all your money. It saves waiting five years for Labour to do it for you.

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.

[DimPrawn]

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.

How about you get off your lazy frickin arse and earn some wealth over a period of time (say like 20 years or more)?

Generation selfie stick can go **** themselves.

[PurpleGorilla]

How about you get off your lazy frickin arse and earn some wealth over a period of time (say like 20 years or more)?

Generation selfie stick can go **** themselves.

Thanks for that Mr Plutocrat.

[Zero Liability]

I wouldn't advocate that. A flat rate 30% tax on all earnings would do the trick.

I know digital currency has its big brother issues, but how many tradesman pay the full tax due - rather than cash in hand.

A low flat rate on gross earnings in the eventual region of 10% coupled with much lower spending (defence, law and order, infrastructure and little else), borrowing limited to a low multiple of tax receipts, no central bank 'activism' and a basic income guarantee to gradually replace the welfare system, I could get on board with. Fat chance Labour or the Tories would do any of this. Spend spend spend to buy votes and corporate buddies is the sum total of their knowledge.

[AtW]

Strikes, blackouts, Soviet style living conditions. Enjoy, idiot voters!

As long as there no those darned queues at the checkouts...

Oh wait

[AtW]

I wouldn't advocate that. A flat rate 30% tax on all earnings would do the trick.

You numpty, they are already taking 20% (income tax) + 13% employee NIC + 13% employer NIC - pretty much everybody who works and earns half decent amount is a HIGH RATE TAX PAYER, and that's before they make essential purchases.

[PurpleGorilla]

You numpty, they are already taking 20% (income tax) + 13% employee NIC + 13% employer NIC - pretty much everybody who works and earns half decent amount is a HIGH RATE TAX PAYER, and that's before they make essential purchases.

Yeah but the first £10k is tax free.

Im talking about 30% from £1 earned.

So if you earn £10k you pay £3k tax

If you earn £50k you pay £15k tax

If you earn £100k you pay £30k tax

Then scrap all the complicated tax laws, cut tax office costs!

Nb: It could be 30% or 60% I don't know o don't care. It is fair.

[AtW]

Yeah but the first £10k is tax free.

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.

[DimPrawn]

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.

I can see 30% tax rate under Labour.

30% NI rate.
30% Income Tax.
30% VAT rate.

[PurpleGorilla]

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