Quote:
Originally Posted by Escapee
Forget taxing the rich, it's never going to happen.
The only way to guarantee that the tax can be collected is by taking it at source, which is what PAYE does. It's far easier for the rich to be portable, hit them with big tax increases and they will be off to somewhere that's less of a communist state just like they did in the 1970s.
The only guaranteed way of raising more tax is to screw those in the middle, who are generally the ones that have taken risks to have that success.
My wife would pay tax twice on the money she earns abroad if she brought it into this country.
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Exactly what they want you to think. Their work is done ...
A point to ponder:
Quote:
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The wealth of the UK's billionaires has skyrocketed by over 1000% between 1990 and 2022, ballooning by around £600bn. The number of billionaires exploded from 15 in 1990 to 177 this year. Between 2020 and 2022 alone, billionaire wealth increased by almost £150bn.
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---------- Post added at 21:00 ---------- Previous post was at 20:51 ----------
Quote:
Originally Posted by mrmistoffelees
I think the issue is one of perspective
Someone on 30k per year looks at someone on 60k per year and says, they earn twice what I do, they can afford to pay a bit more tax , they can change their lifestyle. Someone on 60k looks at someone on a 100k per year and thinks the same. The issue is that people always think that the ring above should pay more and if required adjust their lifestyle to fit without needing to make a change themselves
Going back to PAYE and RSU and I agree that this is personal, not general
I was given a block of RSU’s and I also went into an agreement whereby I purchased an amount of RSU’s per month with money I had already paid tax on.
Company gets bought and taken private the RSU’s are converted into cash equities which vest/are paid out at the same time as RSU’s would have vested. Cash equities are paid as PAYE which i pay tax at 45%, NI and employers NI
Hardly seems fair does it ?
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Yes, I agree it is not fair. I don't like paying 50+% tax rate when those with more money than they can spend, pay a fraction of this. The irony here is that they would not even notice the sums that that should be paying.
Don't forget, the country has been groomed for decades to think the ultra wealthy are beyond reach and can raise revenue from the country with a minimal tax burden while the vast majority of the population pay tax rates far in excess of these.
The funniest part of this whole circus is when those who are paying the 30% or 40% tax rate where they have no choice, at the same time, call those who think the ultra-wealthy should pay more crazy
Who are really the crazy ones?
