Everything Ulster - Latest comments on TUC in economic dream world shock

Mike [Visitor] in response to: TUC in economic dream world shock

Mike [Visitor] — Sun, 14 Sep 2008 16:54:25 +0000

One doesnt have to be on £100K to be paying more than half ones earnings to the Government. After paying income tax and NI theyre probably going to giving some more to the Government in the form of some or all of the following.
Rates (or council tax on the mainland), VAT, CGT/CAT, Stamp duties, Vehicle Excise Tax, Fuel/Alcohol/Tobacco duties and all manner of stealth taxes (Even the TV licence is now categorised as a tax apparently). It may not be right for someone on £100K but what about someone on £200K or £400K or £1200 or more ? And should they (or some of them) really be getting those tax breaks and loopholes which enable them to pay little or nothing ?

Whether they "worked damned hard" or spent half the week on the golf course is pretty much besides the point though given that a lot or people on the minimum wage work damn hard as well.

Junkmale [Visitor] in response to: TUC in economic dream world shock

Junkmale [Visitor] — Sun, 14 Sep 2008 05:52:43 +0000

That's the great Socialist Labour way Da. Tax the rich so much that they take thier wealth overseas. That way they can deprive the nation of much needed funds. It also has a knock on affect on jobs etc.
Left wing policies will never understand the need for the country to make use of the wealthy. Many of whom have worked damned hard to earn thier fortunes.
Remember Mike, the CEO is employing the cleaner and probably dozens of others. Therefore benefiting the economy in many many ways.

Da [Visitor] in response to: TUC in economic dream world shock

Da [Visitor] — Sat, 13 Sep 2008 22:56:03 +0000

Can't really argue with that sentiment, Mike. There is a problem with people avoiding tax in that manner.
My problem lies with the idea that someone paying 40% tax on their income (not to mention National Insurance, as far as it goes) is not paying enough.
I don't earn £100K a year but I don't feel that someone earning that amount and paying their due taxes should have to pay more.
They pay that percentage and thus pay more in tax if they earn more.
Why should anyone work only for the state to take over 50% of their earnings away in taxes?

Mike [Visitor] in response to: TUC in economic dream world shock

Mike [Visitor] — Fri, 12 Sep 2008 19:24:20 +0000

While most people in this day and age are realistic enough to see there is no going back to the days of the 90% top tax rate. Why shouldnt those on high incomes be required to make a larger contrbution to the society which enabled them to amass such a large fortune in the first place ?

Why should a bilionare CEO get away with paying less tax than his cleaner ?