Except it isn't that is it. Its 50p in the £1 for everything over £150,000 (which is 6 times the average wage).
Even with that being the case, higher earners do pay an enormous amount of tax and they are also penalised when it comes to pensions, child benefit, student loans etc. so I don't think it would be particularly fair to tax them even more.
Except it isn't that is it. Its 50p in the £1 for everything over £150,000 (which is 6 times the average wage).
I'm quite aware of how to tax system works. Once a person has earned over £150 000, for every £1 he earns, he loses 50p to the government and this is before VAT, council tax and all the other ways in which the government take money from the rich. Whatever way you look at it, that's a lot of money. For every million a banker earns in a bonus, the government directly gets £500 000 and indirectly probably much more.
I'm not saying I'm particularly opposed to the 50p tax rate, but I think the tax system and the rich have been squeezed as much as is realistically possible.
"Tony Blair, worried by the prospect of compensation claims, apologised for the Potato Famine and expressed his deep sorrow for slavery."
This was my favourite bit.
But why do we always have to bail other countries out of their own s**t? I wouldn't mind but there are a lot of people who struggle over here. Charity begins at home.
"Tony Blair, worried by the prospect of compensation claims, apologised for the Potato Famine and expressed his deep sorrow for slavery."
This was my favourite bit.
But why do we always have to bail other countries out of their own s**t? I wouldn't mind but there are a lot of people who struggle over here. Charity begins at home.
I think what people were getting at is Cameron and his party letting corporations such as Vodaphone off with millions of pounds of taxes.
Can't say I'm suprised one bit.
Vodafone do pay their taxes. I don't think it is a case of "pot calling kettle black".
Pakistan is a different kettle of fish. Less than 2% of the population pay taxes. That isn't the case here in the UK. Most people in Pakistan are either "middle class" or "lower class". They have no interest or desire to pay taxes or can't afford it. There needs to be political, legal reforms.... there just needs to be reform and urgent reforms needed in the country.
I back Cameron, and he has point, the money Britain is sending has a condition to be used for education. Pakistan should grow it's own backbone and improve on it's infrastructure. In doing so, it need to reform itself. It can be an economic powerhouse. There is nothing stopping it.
He is not being hypocritical by suggesting Pakistani Rich should pay taxes
Vodafone, Arcadia, BSKYB, major companies do pay taxes. Rich people do pay taxes. It really isn't "pot kettle black". I think it is naive to suggest otherwise.
50% tax (it is 50% if you earn over 150k, isn't it?) not good enough?
NO, so in an economic climate such as ours, the way the tories are going about it, is it better to take off the poor by cutting important things such as frontline services etc. or take a lot from the rich and solve it.
They are taking money from the poor and they are gonna be worse off. If you take money off the rich and solve the problem the rich will still be rich and the poor will be less poor.
I think what people were getting at is Cameron and his party letting corporations such as Vodaphone off with millions of pounds of taxes.
Can't say I'm suprised one bit.
They don't have a leg to stand on against tax avoidance, since by definition it is legal. Funny how all the left wing students hate Philip Green as well, the Guardian Media Group is one of the biggest culprits, I doubt they would stop reading that paper due to it.