Quote:
Originally Posted by The Slim Reaper
Pretty helpful thread from a former tax lawyer
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Hmm, so definitely 1.25% on gross income then, although I find the claim of it affecting people on 10k/year a little overblown, though technically accurate, because of how NI scales at very low income you're talking about 50p/month, peaking as a percentage of income around £50k. So yeah the bulk of this tax burden is going to fall on middle incomes... a Tory tale as old as time.
Again I don't think it's a huge amount to pay IF it was genuinely going to create a world-class health and social care system AND it was hand-in-hand with ringfenced taxation of the ultra-wealthy (and damned online retail) but realistically, the taxes are going to go up and nothing is going to improve at all. We all know it.