The Student Room Group

TAX: What is the point of paying in if you are going to take it out again?

The state doesn't like independent wealth.
"TAX: What is the point of paying in if you are going to take it out again?"

Because those that pay the most income tax take the least out and those that pay the least income tax take the most out.
The top 1% of earners pay 25% of all income tax.
The top 20% of earners pay 80% of all income tax.
Still....without taxes the wealthy would have to deal with countless pissed off starving masses at their gates so all in all its a good deal.
(edited 4 years ago)
And super-rich individuals and corporates (artificial legal personalities) that use 250 Trillion of GBP p.a. pay about 0.13% tax whereas the general public who use about 1 Trillion pay around 45-50% tax. The public and SME's subsidise private corporates not the other way round.
Original post by Just my opinion
"TAX: What is the point of paying in if you are going to take it out again?"

Because those that pay the most income tax take the least out and those that pay the least income tax take the most out.
The top 1% of earners pay 25% of all income tax.
The top 20% of earners pay 80% of all income tax.
Still....without taxes the wealthy would have to deal with countless pissed off starving masses at their gates so all in all its a good deal.
Original post by backpacker43
The state doesn't like independent wealth.


The State doesn't like to treat its population equitably, the general population who pay tax are expected to provide subsidies of hundreds of billions to subsidise wealthy individuals and corporations and single figure billions to subsidise their benefit regime. No prizes for guessing who gets the most bad press.

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