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Old 23-09-2017, 06:27 PM #12
Brillopad Brillopad is offline
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Quote:
Originally Posted by Vicky. View Post
I don't see whats wrong with expecting those on very high salaries to pay more to support those who need supporting tbh. If I was earning 200k I would much rather be paying even 50%, than be paying no tax on 15k. I don't see why so many people think its so unfair to expect the more well off to support the less well off. If we were taking like 90% of their entire earnings I would understand the concerns and agree it was unfair./ But even with the higher rates for higher earners, its only what they earn above a certain amount that is taxed at the higher percentage. Like, I will try to explain though don't know the exact percentages or anything tbh

X earns 15k a year. This 15k is taxed at 15%
Y earns 50k a year. Their wages up to 40k are taxed at 15%. Anything they earn above 40k is taxed at 30%
Z earns 150k a year. Their wages up to 40k are taxed at 15%. Up to 80k is 30%. And above 90k is 40%

This IS how it works right? Obviously with tax free allowances and such worked into it, and different percentages? As whenever taxes are discussed, there are usually higher earners kicking off saying 'well I will just cut my hours so I earn less money so I don't have to pay the higher tax rate' which would be a bit...cutting off their own nose to spite their faces as it is not the entire wage thats taxed at the higher rate,. its only what they earn ABOVE the threshold? I have never earned above 30k a year tbh, so don't fully understand, but this is my basic understanding of how it all works. My dad explained it to me when I was fairly young, he had a very decent wage and had to pay the higher rate, so I expect he did actually understand it all He used to laugh about colleagues whinging about paying the higher tax rate, as they were only like 2k above the threshold, so really they were being taxed a little bit more, on a very small chunk of their earnings.

Though I do think classing 70k as a very high earner is a bit silly. When I speak of high earners I would mean about 150k+...the kinds of salaries that can afford to use tax havens and such to get away with paying taxes at all.

I do not get the unwillingness of ANY party to deal with tax evasion. The country would have so much more money,. and a few would be pissed off that they can no longer squirrel away ridiculous amounts of money to avoid helping out with the general running of the country and such...I know many people claim these high earners would just bugger off and live somewhere else...but really, when they are avoiding their taxes anyway, its not big loss to us is it? If they own businesses and **** off, someone else willing to actually pay their way will buy the business. So yeah, I generally would prefer all these tight rich people to piss off if they really think its that bad to be expected to pay tax
I don't see why those that worked hard at school and went on to higher education and well paid jobs should support those that pissed about and couldn't be bothered and hence ended up in low paid jobs. They are not their keepers.
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