|
Post by Totheleft on Jan 28, 2024 2:02:49 GMT
Has I keep saying NI Contribution is nothing to do with income tax. It's a different tax altogether the Massively reduced NI Contribution is just another tax perk like Claiming tax Allowances. And like living in Multi million pound houses and paying the same Council tax has Someone in a 100.000 pound house it's just a unequal tax system what punish the Majority of the population . Ah ok you are trolling, because nobody can be this thick lol. I literally just proved to you how higher earners lose a greater percentage of their income than average earners. You need to stop reading left leaning headlines, and actually study how taxes Working. Wake up, you are falling for left-wing propaganda, in the same way a right-wing gammon believes immigrants are the problem lol. A couple of points I think.it's only fair that higher tax earners shares the bigger responsibility and that opion of all civilised Societies .it's not right that those tax earners should have tax Allowancez what cuts that respoabilty . Has for me For me following left wing propergander I've had a mighty disagreement with another leftwinger Srb who support Corbyn proposed tax hake .what is 6 SeperAult tax increases he doesn't even say how much he would increase the rated for . I think.that's hammering the high earners a and not a fair increase. It's so bad propposes u call him a Commie Trot. I grants Has for right wing Gammons blaming immigrants aren't you the one who said that EU immigrants was lowing your wages isn't that following right wing propergander?
|
|
|
Post by Red Rackham on Jan 28, 2024 2:04:28 GMT
Has I keep saying NI Contribution is nothing to do with income tax. It's a different tax altogether the Massively reduced NI Contribution is just another tax perk like Claiming tax Allowances. And like living in Multi million pound houses and paying the same Council tax has Someone in a 100.000 pound house it's just a unequal tax system what punish the Majority of the population. Let me tell you something Charlie, I admire you. I think most people in your position would be frightened to post, too intimidated. But you're not, and I respect that. I think you're wrong on most things but that doesn't matter, it's your choice.
|
|
|
Post by Totheleft on Jan 28, 2024 2:29:01 GMT
I'm glad that you have the patience for it, DD. You Wouldn't know what a fair System is if it Slaped you in the mouth. You even said that the Furlong payment introduced by Surnak when he was Chancellor was a left wing policy because it paid people not working during Covid . When it was no Fault of there own . I'm sure DD who has Some Common Sense would disagree with that unbelievable Statement.
|
|
|
Post by The Squeezed Middle on Jan 28, 2024 3:31:31 GMT
You Wouldn't know what a fair System is if it Slaped you in the mouth. I didn't say that the system was fair, I said that you didn't understand it. But then you wouldn't recognise a fact if it slapped you in the face.
|
|
|
Post by Totheleft on Jan 28, 2024 3:46:41 GMT
You Wouldn't know what a fair System is if it Slaped you in the mouth. I didn't say that the system was fair, I said that you didn't understand it. But then you wouldn't recognise a fact if it slapped you in the face. That's right you didn't. Say that the System was fair.at least you.admitted What you said that the furlong. Scheers. Was left wing policy. Because it paid people for not working .
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jan 28, 2024 12:26:46 GMT
Nope, you've shown yourself up as a fool again.
I pay 20% income tax and 13.25% NI on the first £50k of my income - total tax: 33.25%.
And on my income above £50k I pay 3.25% NI and 40% income tax - total tax: 43.25%.
(Subject to the Personal Allowance).
So I pay absolutely more tax as well as proportionally more tax than a basic rate taxpayer.
Oh, and since you seem to also be numerically illiterate, 3.25% is not less than 3% or .3%. Your point is an entirely fair one. I myself have cited the same facts in opposition to those who only cite income tax when trying to claim most of it is paid by the rich. I have often thought that in the interests of both clarity and simplicity, income tax and NI should be combined into one tax on income. I do though think that this country has something of a structural problem when it comes to tax. Income is overtaxed whilst wealth is undertaxed. This imposes serious burdens and disincentives on productive workers, whilst boosting asset values for wealthy asset hoarders. Amongst other things this has created a situation where the global super rich find it very cost effective to buy up property here which often stays unoccupied, pushing up housing prices for the rest of us to an unhealthy extent. I have in recent years advocated modest increases in taxes on the incomes of the rich, and would still not object to that on principle. But I think it would be much better to leave higher rates where they are, and just close as many loopholes as possible whilst increasing taxes on wealth, particularly higher end properties. In recent years I have advocated a land value tax and would prefer that to any increase in the top rate.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jan 28, 2024 12:31:54 GMT
Nope, you've shown yourself up as a fool again.
I pay 20% income tax and 13.25% NI on the first £50k of my income - total tax: 33.25%.
And on my income above £50k I pay 3.25% NI and 40% income tax - total tax: 43.25%.
(Subject to the Personal Allowance).
So I pay absolutely more tax as well as proportionally more tax than a basic rate taxpayer.
Oh, and since you seem to also be numerically illiterate, 3.25% is not less than 3% or .3%. So you do pay less NI contribution like I said And you Call me a fool . His obvious point, as you are refusing to see, is that the greatly reduced NI rate above a certain level is more than cancelled out by the greatly increased rate in income tax. And it is a fair point. Both taxes on income need to be taken together in the round and it would be far easier to do this if the damned things were combined into a single tax. I also note that you are the one calling for him to pay even more here and not me. But I am the hard left one, lol
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jan 28, 2024 12:37:04 GMT
Are you trolling, or do you seriously not understand how taxes work??? lol. A high earner pays FULL NI on income up to £50k, it is only earning over £50k that pay at the reduced rate.... why... because they are paying a fucking higher rate of tax lol. Average working on £33400 pays £4,166 tax and £2,083 ni = £27,151 net - keeps 81% of their income. Somebody on £60k pays £11,432 tax and £3,964 ni = £44,603 net - keeps 74% of their income . Somebody on £100k keeps 67% of their income... and so on... you are basically wrong on every level. Has I keep saying NI Contribution is nothing to do with income tax. It's a different tax altogether the Massively reduced NI Contribution is just another tax perk like Claiming tax Allowances. And like living in Multi million pound houses and paying the same Council tax has Someone in a 100.000 pound house it's just a unequal tax system what punish the Majority of the population . Both taxes are identical in the sense that they are percentage deduction on income above certain thresholds. It is not possible to talk honestly about taxes paid on income without including both, which clearly ought to be combined into one tax to avoid all this disingenuous smoke and mirrors.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jan 28, 2024 12:47:30 GMT
I'm glad that you have the patience for it, DD. People with an agenda tend to cite only one of the two taxes on income to support their arguments. Right wingers with such an agenda tend to ignore NI and only cite income tax when stating how much more the rich pay. Left wingers with an agenda tend to do the opposite and ignore income tax and only cite NI when claiming the rich pay less as a percentage than everyone else. Both forms of dishonesty rely on only citing one of the two taxes on income and ignoring the other. I guess that in recognising this I cannot be anywhere near as far left as "far to the left" is, which is rather ironic considering his accusations earlier that I am the de facto epitome of Lenin, hahaha.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jan 28, 2024 13:05:25 GMT
Ah ok you are trolling, because nobody can be this thick lol. I literally just proved to you how higher earners lose a greater percentage of their income than average earners. You need to stop reading left leaning headlines, and actually study how taxes Working. Wake up, you are falling for left-wing propaganda, in the same way a right-wing gammon believes immigrants are the problem lol. A couple of points I think.it's only fair that higher tax earners shares the bigger responsibility and that opion of all civilised Societies .it's not right that those tax earners should have tax Allowancez what cuts that respoabilty . Has for me For me following left wing propergander I've had a mighty disagreement with another leftwinger Srb who support Corbyn proposed tax hake .what is 6 SeperAult tax increases he doesn't even say how much he would increase the rated for . I think.that's hammering the high earners a and not a fair increase. It's so bad propposes u call him a Commie Trot. I grants Has for right wing Gammons blaming immigrants aren't you the one who said that EU immigrants was lowing your wages isn't that following right wing propergander? I will point out that your obvious desire to increase the taxes on higher earners by an extra 10% via making them pay the same NI rate whilst not reducing the income tax rate is a far more swingeing tax hike on the incomes of the wealthy than anything proposed in the supposedly far left 2017 manifesto. Most of the proposed tax rises were modest ones aimed at wealth rather than incomes. But if I call for such things I am far left, if you do it is fair taxation. Lol. And at the time I supported the manifesto commitment to raise the top rate back to 50%, the rate introduced by Gordon Brown, and cut to 45% by the Tories. Note that this would have represented a 5% increase on all incomes above £150k. Whilst your desire to make everyone pay the same rate of NI would result in a 10% tax hike on all incomes above £50k. So which one of us wants to hit the rich harder in their incomes? How do you conclude that my proposed tax policies make me far left when yours are far more draconian?
|
|
|
Post by Totheleft on Jan 28, 2024 13:56:14 GMT
A couple of points I think.it's only fair that higher tax earners shares the bigger responsibility and that opion of all civilised Societies .it's not right that those tax earners should have tax Allowancez what cuts that respoabilty . Has for me For me following left wing propergander I've had a mighty disagreement with another leftwinger Srb who support Corbyn proposed tax hake .what is 6 SeperAult tax increases he doesn't even say how much he would increase the rated for . I think.that's hammering the high earners a and not a fair increase. It's so bad propposes u call him a Commie Trot. I grants Has for right wing Gammons blaming immigrants aren't you the one who said that EU immigrants was lowing your wages isn't that following right wing propergander? I will point out that your obvious desire to increase the taxes on higher earners by an extra 10% via making them pay the same NI rate whilst not reducing the income tax rate is a far more swingeing tax hike on the incomes of the wealthy than anything proposed in the supposedly far left 2017 manifesto. Most of the proposed tax rises were modest ones aimed at wealth rather than incomes. But if I call for such things I am far left, if you do it is fair taxation. Lol. And at the time I supported the manifesto commitment to raise the top rate back to 50%, the rate introduced by Gordon Brown, and cut to 45% by the Tories. Note that this would have represented a 5% increase on all incomes above £150k. Whilst your desire to make everyone pay the same rate of NI would result in a 10% tax hike on all incomes above £50k. So which one of us wants to hit the rich harder in their incomes? How do you conclude that my proposed tax policies make me far left when yours are far more draconian? First thing I. Point out his I Support out is that Sir Keir wants to.increase the high rate tax by 5% what will will return the high rate to it's previous rate of 45% what was the rate it was before truss cut it down. To 40% that move Cashel international jitters .and devalued the pound 2nd Sir Keir wants to Cut the Charity Status of private Schools What cost the tax payer a Stangering 2.4 Billion a year plus private Schools receive zgovenmenf Subs . The stopping of the Charity status of private Schoolsector the money would be used to further the Education of Commperensive Schoolswhere the vast majority of pupil's are Working. class. Where has Corbmy wants to Ban private schools And Grammar Schools Also you keep banging on about the 6 proposed separate tax heights are going to be Lees harsh the sir Keir tax increases. Don't know how you reach That conclusion when. You.no.idea what the increases are .one thing for Certain. It' Going to be harder than the Single Tax increas.of 5% On high earner.tax rate Has for mine being far more draconian Your having a laugh ain't you
|
|
|
Post by The Squeezed Middle on Jan 28, 2024 15:35:43 GMT
So you do pay less NI contribution like I said And you Call me a fool . His obvious point, as you are refusing to see, is that the greatly reduced NI rate above a certain level is more than cancelled out by the greatly increased rate in income tax. And it is a fair point. Both taxes on income need to be taken together in the round and it would be far easier to do this if the damned things were combined into a single tax. I also note that you are the one calling for him to pay even more here and not me. But I am the hard left one, lol
Thank you, srb.
As usual, we agree more often than not.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jan 28, 2024 15:47:37 GMT
I will point out that your obvious desire to increase the taxes on higher earners by an extra 10% via making them pay the same NI rate whilst not reducing the income tax rate is a far more swingeing tax hike on the incomes of the wealthy than anything proposed in the supposedly far left 2017 manifesto. Most of the proposed tax rises were modest ones aimed at wealth rather than incomes. But if I call for such things I am far left, if you do it is fair taxation. Lol. And at the time I supported the manifesto commitment to raise the top rate back to 50%, the rate introduced by Gordon Brown, and cut to 45% by the Tories. Note that this would have represented a 5% increase on all incomes above £150k. Whilst your desire to make everyone pay the same rate of NI would result in a 10% tax hike on all incomes above £50k. So which one of us wants to hit the rich harder in their incomes? How do you conclude that my proposed tax policies make me far left when yours are far more draconian? First thing I. Point out his I Support out is that Sir Keir wants to.increase the high rate tax by 5% what will will return the high rate to it's previous rate of 45% what was the rate it was before truss cut it down. To 40% that move Cashel international jitters .and devalued the pound 2nd Sir Keir wants to Cut the Charity Status of private Schools What cost the tax payer a Stangering 2.4 Billion a year plus private Schools receive zgovenmenf Subs . The stopping of the Charity status of private Schoolsector the money would be used to further the Education of Commperensive Schoolswhere the vast majority of pupil's are Working. class. Where has Corbmy wants to Ban private schools And Grammar Schools Also you keep banging on about the 6 proposed separate tax heights are going to be Lees harsh the sir Keir tax increases. Don't know how you reach That conclusion when. You.no.idea what the increases are .one thing for Certain. It' Going to be harder than the Single Tax increas.of 5% On high earner.tax rate Has for mine being far more draconian Your having a laugh ain't you You yourself have advocated just as many tax increases as I pointed out, tax by tax, in another thread. You still cannot convincingly point to a single policy I have supported which makes me far left. Moderately left yes, I do not pretend to be anything other than a left wing liberal and democratic socialist. If you have no idea what increases there were going to be so how does that equate to a far left policy I have supported? You are simply making assumptions about what the exact rises would have been and are assuming I supported those assumptions of yours when I do not even know what the are, lol. Stop digging mate for God sake.
|
|
|
Post by Pacifico on Jan 28, 2024 18:19:11 GMT
I will point out that your obvious desire to increase the taxes on higher earners by an extra 10% via making them pay the same NI rate whilst not reducing the income tax rate is a far more swingeing tax hike on the incomes of the wealthy than anything proposed in the supposedly far left 2017 manifesto. Most of the proposed tax rises were modest ones aimed at wealth rather than incomes. But if I call for such things I am far left, if you do it is fair taxation. Lol. And at the time I supported the manifesto commitment to raise the top rate back to 50%, the rate introduced by Gordon Brown, and cut to 45% by the Tories. Note that this would have represented a 5% increase on all incomes above £150k. Whilst your desire to make everyone pay the same rate of NI would result in a 10% tax hike on all incomes above £50k. So which one of us wants to hit the rich harder in their incomes? How do you conclude that my proposed tax policies make me far left when yours are far more draconian? First thing I. Point out his I Support out is that Sir Keir wants to.increase the high rate tax by 5% what will will return the high rate to it's previous rate of 45% what was the rate it was before truss cut it down. To 40% that move Cashel international jitters .and devalued the pound 2nd Sir Keir wants to Cut the Charity Status of private Schools What cost the tax payer a Stangering 2.4 Billion a year plus private Schools receive zgovenmenf Subs .
The stopping of the Charity status of private Schoolsector the money would be used to further the Education of Commperensive Schoolswhere the vast majority of pupil's are Working. class.
Labour have already stated that they will not be stripping private schools of their Charity Status.
|
|
|
Post by Totheleft on Jan 28, 2024 18:29:05 GMT
First thing I. Point out his I Support out is that Sir Keir wants to.increase the high rate tax by 5% what will will return the high rate to it's previous rate of 45% what was the rate it was before truss cut it down. To 40% that move Cashel international jitters .and devalued the pound 2nd Sir Keir wants to Cut the Charity Status of private Schools What cost the tax payer a Stangering 2.4 Billion a year plus private Schools receive zgovenmenf Subs .
The stopping of the Charity status of private Schoolsector the money would be used to further the Education of Commperensive Schoolswhere the vast majority of pupil's are Working. class.
Labour have already stated that they will not be stripping private schools of their Charity Status. Yes so it Seems Can't believe he Changed his view it's old news has well will this Change your view that he'shypocritical because he got the Advantage of a private School? I doubt it. Labour has changed its policy on private schools. It will continue to charge business rates and VAT, raising up to £1.5bn. This will fund 6,500 new teachers, mental health support workers and early speech and language training. However, it will no longer be removing charitable status.27 Sept 2023 At least the intension. Still there for the raised funds from Private schools . To elsewhere.
|
|