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Previously on "Better get ready for a “ reckoning”"
I'll take simplified taxation and bellbottoms without any arguments! Loved flares, though they did seem to be making a comeback this year, another thing lost to the pandemic.
Oh, the taxation wasn't simplified, that was just the basic rate.
I'll take simplified taxation and bellbottoms without any arguments! Loved flares, though they did seem to be making a comeback this year, another thing lost to the pandemic.
This is going to be tremendously contentious on here; but I'm saying it.
I've never used contracting as a 'vehicle' and I've had to use independent accountants for most of my career in contracting; due to my personal belief that I am NOT
1. Hiring anyone
2. Generating wealth for anyone in particular
I am doing it because it gets me access to piecemeal projects I can take on, complete and leave. I like that and it suits me very well.
As such, I've always paid myself a realistic salary and paid 33% of my income, either via taxation or a mix of taxation and charitable long term donations (if I really can't abide by the gvt policy of the time).
I'm not wanting a medal , or anything like that - but if individual people are earning over 100k a year (without creating jobs for anyone) and paying less tax, as a percentage than someone working for minimum wage - it is questionable.
I understand the argument of 'punishing success' etc - but if its a one man band, just mercenary - what does the individual success equate to?
People still use the same public services etc . If you're paying for private schooling, private healthcare etc - then that's obviously a little different. But some people are literally paying themselves the absolute minimum to avoid PAYE Tax and NI contributions and maxing out the expenses and dividends in a way that might well be legal - and now wanting support from the state.
It's my personal belief and I'm not trying to enforce it on everyone - but I'd be happy with EVERYONE paying the same universal standard rate of taxation - that doesnt have to be 60% if people stop taking the piss and paying well under 25%.
“ Key workers have been "overlooked and underpaid" and there will have to be a "reckoning" after the coronavirus crisis, the new Labour leader has said.
Sir Keir Starmer told the BBC's Andrew Marr: "They were last and now they've got to be first."
He said another decade of austerity would be a mistake, saying it was "inevitable" that the wealthy would have to pay more.”
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