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Do you want to discuss boring politics? (91 Viewers)

  • Thread starter mrtrench
  • Start date Jun 14, 2020
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Grendel

Well-Known Member
  • Sep 8, 2021
  • #6,511
rob9872 said:
Not a game you want o play. They get paid for all the hours they work and more holidays than the average job too (I used to work for the NHS!)
Click to expand...

Another game he wouldn't want to play

The great pension divide between private and public sector workers

The nation's pensions pay divide is laid bare today. We have ranked the UK's top pensions pound-for-pound - revealing that the most generous is the NHS scheme which pays £10 for every £1 saved.
www.thisismoney.co.uk
 
Reactions: Jamesimus and rob9872

COV

Well-Known Member
  • Sep 8, 2021
  • #6,512
Grendel said:
Here is a percentage figure

Top 1% of earners in UK account for more than a third of income tax

Tax revenues ever more reliant on small group of high earners, says Institute for Fiscal Studies
www.theguardian.com
Click to expand...

We're into absolutes v % again- fair few of those top earners pay a lower effective rate than someone earning not much more than minimum wage. I think the point being made is that the % should be consistent across the board.
 

Jamesimus

Well-Known Member
  • Sep 8, 2021
  • #6,513
rob9872 said:
If they are paid above average they are not poor. They chose to go into a profession knowing the rates of pay as do plenty of other heroes in the army, police or fire services. All are important. All are paid above average salary. All deserve it. None can claim the wages are poor.
Click to expand...

If you're paid above average, in the current climate you can still be poor.

A lot of people don't have the luxury of choice in regards to professions, they make a choice based on the limitations their upbringing / background has allowed for (this also works in the opposite way). Also worth noting, that the salary of professions can vary quite a lot over time...
 

hill83

Well-Known Member
  • Sep 8, 2021
  • #6,514
Nick said:
Paid too much to care.
Click to expand...

I wish.
 
Reactions: Nick

Grendel

Well-Known Member
  • Sep 8, 2021
  • #6,515
Sky_Blue_Dreamer said:
Well, the argument is they're still using the services. And as more and more people get older the system has more and more people to care for with less and less people contributing. They still pay income tax.

When it was started the amount you contributed paid for those now and then future generations would pay yours. But that was when we didn't have so many old people living so long. Even if you looked at it as you building up credit for old age, previous generations were paying for a retirement that might last 10 years. Now it's closer to 20. We may well end up at a situation whereby people are spending more time retired and not contributing than they did working and contributing. So either retirement age needs to be extended or contributions need to continue once you do.

I don't see why NI shouldn't be part of pension payments. Richer people are likely to live longer and get higher pension payments so basically it's another way of richer people avoiding paying. They often get paid more, for longer, and don't have to contribute.
Click to expand...

So you'd actually put NI on a £176 a week pension? Jesus Christ.
 

Jamesimus

Well-Known Member
  • Sep 8, 2021
  • #6,516
Grendel said:
So you'd actually put NI on a £176 a week pension? Jesus Christ.
Click to expand...

Surely would be depend on other sources of income and assets, I don't think anyone is suggesting that a pensioner who has only that source of money coming in then has to pay NI on top of it...
 
Reactions: Sky_Blue_Dreamer
P

PVA

Well-Known Member
  • Sep 8, 2021
  • #6,517
hill83 said:
And since I'm here, I've personally got no issue with paying more tax.
Click to expand...

Me neither.

Sadly too many people, like Rob, see it as just 'giving money to the tax man' and don't seem to realise or care that it goes towards improving society. Pure greed and selfishness really (typical tory voter, I guess.)
 

Jamesimus

Well-Known Member
  • Sep 8, 2021
  • #6,518
Grendel said:
Another game he wouldn't want to play

The great pension divide between private and public sector workers

The nation's pensions pay divide is laid bare today. We have ranked the UK's top pensions pound-for-pound - revealing that the most generous is the NHS scheme which pays £10 for every £1 saved.
www.thisismoney.co.uk
Click to expand...

The NHS pension is very good, that's without question.
 

Nick

Administrator
  • Sep 8, 2021
  • #6,519
I'd rather pay as little tax as possible but that's not going to happen, if I do need to pay it then I'd much prefer to know it's actually going to help society.

My council tax has gone up again but the service I get for the things I do pay for is getting worse, for example....
 

Grendel

Well-Known Member
  • Sep 8, 2021
  • #6,520
Jamesimus said:
Surely would be depend on other sources of income and assets, I don't think anyone is suggesting that a pensioner who has only that source of money coming in then has to pay NI on top of it...
Click to expand...

Assets? How would you charge NI on assets?

As a contribution to tax over time they have by definition paid substantial amounts

You and Dreamer should lobby the Labour Party on a tax the old policy

Would you make a retired Nurse pay NI out of interest?
 
Reactions: Jamesimus

Jamesimus

Well-Known Member
  • Sep 8, 2021
  • #6,521
Grendel said:
Assets? How would you charge NI on assets?

As a contribution to tax over time they have by definition paid substantial amounts

You and Dreamer should lobby the Labour Party on a tax the old policy

Would you make a retired Nurse pay NI out of interest?
Click to expand...

Should be records of assets. You charge NI on the pension if that particular person is wealthy in terms of assets (multiple houses etc) and other income streams.

I am not stupid enough to realise this isn't a bit of a pipe dream, but it should be obvious the current approach isn't particularly fair. I don't work in government and have no idea how you'd do it.

If a retired nurse had 20 holiday lets and other streams of income that allowed them to live more comfortably than the majority of working age people, then why not? Surely they wouldn't mind.
 

Sky_Blue_Dreamer

Well-Known Member
  • Sep 8, 2021
  • #6,522
rob9872 said:
Only because you're quoting in % and not actual monetary terms which makes it progressive.
Click to expand...

I'm quoting percentage because that's what the definition of progressive/regressive taxes are.

A progressive tax is one where the percentage paid progessively increases the more you earn. A regressive tax is one where the percentage contributed regresses the more you earn.
 
Reactions: Ian1779

rob9872

Well-Known Member
  • Sep 8, 2021
  • #6,523
Shock horror, Ian's here to bash thos
PVA said:
Me neither.

Sadly too many people, like Rob, see it as just 'giving money to the tax man' and don't seem to realise or care that it goes towards improving society. Pure greed and selfishness really (typical tory voter, I guess.)
Click to expand...
Thanks for giving me a label. You have no idea about me and are basing assumptions on a few posts agreeing with a tax hike. I'm well aware of the use of raising taxes, and what it can do. I'm also aware that I pay more into the pot than is my share and more than I'm ever likely to get back. I don't complain about that and to an extent think it's fair. I do however object to those who don't know my circumstances, thinking that I should pay even more and in some cases taxed further for being prudent with some of that income. It's a bizarre thing to think that the money I've already paid tax on and saved should then be used as a weapon to beat me with to pay more tax simply because I can afford to. I really don't get the logic.
 
Reactions: skybluegod and Grendel

Ian1779

Well-Known Member
  • Sep 8, 2021
  • #6,524
rob9872 said:
Shock horror, Ian's here to bash thos

Thanks for giving me a label. You have no idea about me and are basing assumptions on a few posts agreeing with a tax hike. I'm well aware of the use of raising taxes, and what it can do. I'm also aware that I pay more into the pot than is my share and more than I'm ever likely to get back. I don't complain about that and to an extent think it's fair. I do however object to those who don't know my circumstances, thinking that I should pay even more and in some cases taxed further for being prudent with some of that income. It's a bizarre thing to think that the money I've already paid tax on and saved should then be used as a weapon to beat me with to pay more tax simply because I can afford to. I really don't get the logic.
Click to expand...
Maybe because you are arguing that increasing a tax like NI which adversely penalties lower income workers is a good thing? It’s hardly a logical thing to do is it?
 
P

PVA

Well-Known Member
  • Sep 8, 2021
  • #6,525
rob9872 said:
Shock horror, Ian's here to bash thos

Thanks for giving me a label. You have no idea about me and are basing assumptions on a few posts agreeing with a tax hike. I'm well aware of the use of raising taxes, and what it can do. I'm also aware that I pay more into the pot than is my share and more than I'm ever likely to get back. I don't complain about that and to an extent think it's fair. I do however object to those who don't know my circumstances, thinking that I should pay even more and in some cases taxed further for being prudent with some of that income. It's a bizarre thing to think that the money I've already paid tax on and saved should then be used as a weapon to beat me with to pay more tax simply because I can afford to. I really don't get the logic.
Click to expand...

How do you know you're paying in more than you'll ever get back?

How many times have you used the NHS? What if you ever require expensive/extensive treatment or operations, or a member of your family does? (hopefully not)

And anyway, it's not just about your 'fair share'. It's about helping out those worse off. As I say, it's greed and selfishness.

You said tax is 'lost' and you seem to think that higher earners shouldn't contribute more, and that tax puts people off earning more. It's quite clear your opinions on tax.

I'm in the same tax bracket as you, from what I can gather, so this is not a case of using it as a weapon to beat you with, as you say.
 

Sky_Blue_Dreamer

Well-Known Member
  • Sep 8, 2021
  • #6,526
Grendel said:
So you'd actually put NI on a £176 a week pension? Jesus Christ.
Click to expand...

There's nothing to stop there being a LEL for it. If you set it at the rate of the state pension everyone recieving that would be exempt. Then it gets paid on private pensions.
 
Reactions: Grendel

Sky_Blue_Dreamer

Well-Known Member
  • Sep 8, 2021
  • #6,527
Grendel said:
Assets? How would you charge NI on assets?

As a contribution to tax over time they have by definition paid substantial amounts

You and Dreamer should lobby the Labour Party on a tax the old policy

Would you make a retired Nurse pay NI out of interest?
Click to expand...

If that nurse had significant pension payouts then yes.
 
Reactions: Grendel

Grendel

Well-Known Member
  • Sep 8, 2021
  • #6,528
Ian1779 said:
Maybe because you are arguing that increasing a tax like NI which adversely penalties lower income workers is a good thing? It’s hardly a logical thing to do is it?
Click to expand...

We do of course have SBT very own Wolfie Smith who recently started a thread on here that he'd reached the dizzy heights of a high rate tax payer and was asking for advice how not to pay it....
 

Grendel

Well-Known Member
  • Sep 8, 2021
  • #6,529
Sky_Blue_Dreamer said:
There's nothing to stop there being a LEL for it. If you set it at the rate of the state pension everyone recieving that would be exempt. Then it gets paid on private pensions.
Click to expand...

The politics of envy
 

Sky_Blue_Dreamer

Well-Known Member
  • Sep 8, 2021
  • #6,530
The problem with tax is it's a dirty word that the rich have spent a long time convincing people is a bad thing.

It needs a rebrand. It's a public dividend.
 

Grendel

Well-Known Member
  • Sep 8, 2021
  • #6,531
Sky_Blue_Dreamer said:
The problem with tax is it's a dirty word that the rich have spent a long time convincing people is a bad thing.

It needs a rebrand. It's a public dividend.
Click to expand...

I will still try and pay as little as possible - if its a dividend or a tax thanks
 
Reactions: Jamesimus
D

Deleted member 5849

Guest
  • Sep 8, 2021
  • #6,532
Grendel said:
I will still try and pay as little as possible - if its a dividend or a tax thanks
Click to expand...
Come the revolution, my friend...
 
Reactions: Grendel

rob9872

Well-Known Member
  • Sep 8, 2021
  • #6,533
PVA said:
How do you know you're paying in more than you'll ever get back?

How many times have you used the NHS? What if you ever require expensive/extensive treatment or operations, or a member of your family does? (hopefully not)

And anyway, it's not just about your 'fair share'. It's about helping out those worse off. As I say, it's greed and selfishness.

You said tax is 'lost' and you seem to think that higher earners shouldn't contribute more, and that tax puts people off earning more. It's quite clear your opinions on tax.

I'm in the same tax bracket as you, from what I can gather, so this is not a case of using it as a weapon to beat you with, as you say.
Click to expand...
You're twisting my words now. You've quoted 'fair share' when I only used the word 'share' - world of difference. I also said I thought it was fair that I should pay more than lower earners. You've then therfore completely contradicted the post you're referring to and suggested that I said they shouldn't contribute more which is the exact opposite of what I said. In fact that post I made only made one point and is the one you didn't address, which regarded the paying of more based on my assets based on having saved for those assets (not inherited) using money that I've already been taxed on. If you think that's fair then you really are advocating a communist state.
 

Jamesimus

Well-Known Member
  • Sep 8, 2021
  • #6,534
Grendel said:
I will still try and pay as little as possible - if its a dividend or a tax thanks
Click to expand...

**HMRC reacted to your post with a like**
 
P

PVA

Well-Known Member
  • Sep 8, 2021
  • #6,535
rob9872 said:
You're twisting my words now. You've quoted 'fair share' when I only used the word 'share' - world of difference. I also said I thought it was fair that I should pay more than lower earners. You've then therfore completely contradicted the post you're referring to and suggested that I said they shouldn't contribute more which is the exact opposite of what I said. In fact that post I made only made one point and is the one you didn't address, which regarded the paying of more based on my assets based on having saved for those assets (not inherited) using money that I've already been taxed on. If you think that's fair then you really are advocating a communist state.
Click to expand...

At the end of the day you think a tax hike that disproportionately affects those worse off is 'to be applauded' so that says all I need to know about your views.
 

Sky_Blue_Dreamer

Well-Known Member
  • Sep 8, 2021
  • #6,536
Grendel said:
I will still try and pay as little as possible - if its a dividend or a tax thanks
Click to expand...

As is your right.

Point was that tax is seen as this terrible thing that is a complete waste and has virtually no benefit whereas things like dividends should be lauded and encouraged despite it often just being added onto someone already large bank balance.

Last time I checked making sure people were healthy, had food to eat and a roof over their heads was more worthwhile than someone being able to afford a new yacht.
 
Reactions: derbyskyblue, Deleted member 9744 and PVA

Jamesimus

Well-Known Member
  • Sep 8, 2021
  • #6,537
rob9872 said:
You're twisting my words now. You've quoted 'fair share' when I only used the word 'share' - world of difference. I also said I thought it was fair that I should pay more than lower earners. You've then therfore completely contradicted the post you're referring to and suggested that I said they shouldn't contribute more which is the exact opposite of what I said. In fact that post I made only made one point and is the one you didn't address, which regarded the paying of more based on my assets based on having saved for those assets (not inherited) using money that I've already been taxed on. If you think that's fair then you really are advocating a communist state.
Click to expand...

If you have been able to save to afford assets, you don't think it's wrong that you pay the same as someone who has never been able to afford to save?

I'm asking that as someone who once had no savings and was on £8.50
an hour in the south east. To think that under this current tax I'd have to pay the same as I earn now is daft and unfair. And no I didn't "better myself" before anyone suggests it!

I understand saving is a "sacrifice" somewhat, but if you can afford to do it, you're doing alright.
 
Reactions: shmmeee

rob9872

Well-Known Member
  • Sep 8, 2021
  • #6,538
PVA said:
At the end of the day you think a tax hike that disproportionately affects those worse off is 'to be applauded' so that says all I need to know about your views.
Click to expand...
In other words you can't counter what I've typed so having misquoted me you'd rather pin an opinion of me than apologise for having got it completely wrong. Okie dokie!
 

rob9872

Well-Known Member
  • Sep 8, 2021
  • #6,539
Jamesimus said:
If you have been able to save to afford assets, you don't think it's wrong that you pay the same as someone who has never been able to afford to save?

I'm asking that as someone who once had no savings and was on £8.50
an hour in the south east. To think that under this current tax I'd have to pay the same as I earn now is daft and unfair. And no I didn't "better myself" before anyone suggests it!

I understand saving is a "sacrifice" somewhat, but if you can afford to do it, you're doing alright.
Click to expand...
Saving is a sacrifice. Saving for the future. And for that I should be penalised? Really? That's illogical. I should pay it on what I earn not what I have if it's income that I've already paid tax on. To suggest anything else is ridiculous.
 
Reactions: skybluegod and shmmeee
P

PVA

Well-Known Member
  • Sep 8, 2021
  • #6,540
rob9872 said:
In other words you can't counter what I've typed so having misquoted me you'd rather pin an opinion of me than apologise for having got it completely wrong. Okie dokie!
Click to expand...

No, I just find it pretty reprehensible that you think disproportionately taxing those worse off is to be applauded so I'd rather leave it there than continue arguing semantics or he said she said with someone that has such views.
 

rob9872

Well-Known Member
  • Sep 8, 2021
  • #6,541
PVA said:
No, I just find it pretty reprehensible that you think disproportionately taxing those worse off is to be applauded so I'd rather leave it there than continue arguing semantics or he said she said with someone that has such views.
Click to expand...
No. You directly misquoted me and you still are. It is not disproportionate and I have not anywhere said it should be.
 
D

Deleted member 5849

Guest
  • Sep 8, 2021
  • #6,542
Top tax rate up to 50%, government then invests in a few projects to stimulate economy, and to help that bumps inflation up to 5% for a while, but keep interest rates low... sorted
 
P

PVA

Well-Known Member
  • Sep 8, 2021
  • #6,543
rob9872 said:
No. You directly misquoted me and you still are. It is not disproportionate and I have not anywhere said it should be.
Click to expand...

Of course it's disproportionate. You either don't understand it or choose not to.
 
Reactions: rob9872

Jamesimus

Well-Known Member
  • Sep 8, 2021
  • #6,544
rob9872 said:
Saving is a sacrifice. Saving for the future. And for that I should be penalised? Really? That's illogical. I should pay it on what I earn not what I have if it's income that I've already paid tax on. To suggest anything else is ridiculous.
Click to expand...

I agree, it is. But also, you can afford to pay more than most people on your income if you have loads of expensive stuff knocking about.

I am in the same boat. I'd happily pay more so that some 20 year old hospitality worker doesn't have to pay the same as me, because a lot of us have been that person with the shite paid job in the past and it's tough. It's not just a case of "bettering yourself".

I'm also trying to plan for my future; as is everyone else?!

The illogical thing for me is people that get paid 9 quid an hour, have no savings whatsoever and can't afford to save or have their own house, paying the same as me or you or my boss with a Ferrari.
 
Reactions: Ian1779 and Deleted member 5849

Sky_Blue_Dreamer

Well-Known Member
  • Sep 8, 2021
  • #6,545
Jamesimus said:
If you have been able to save to afford assets, you don't think it's wrong that you pay the same as someone who has never been able to afford to save?

I'm asking that as someone who once had no savings and was on £8.50
an hour in the south east. To think that under this current tax I'd have to pay the same as I earn now is daft and unfair. And no I didn't "better myself" before anyone suggests it!

I understand saving is a "sacrifice" somewhat, but if you can afford to do it, you're doing alright.
Click to expand...

There is the argument that those that 'spunk it up the wall' are paying more tax because they're paying VAT on what they spend it on.

Showing restraint and saving shouldn't be discouraged but there has to come a point whereby the amount saved becomes extortionate and it should be taxable in some form.

One thing I think that should be brought in is to do away with rebates on things like losses for corp tax and carry back/forward of losses.

If I didn't earn anything in a particular year I can't then forward that onto subsequent years to reduce my tax in future. Or claim it against previous years earnings to get a rebate. So why should businesses be allowed to? If you make a loss that year you pay no tax that year. Simple.

As I've said before profit is a rubbish way of calculating a tax anyway. I don't get to offset my living costs against my income to reduce my tax. Especially ones which I can just pluck out of thin air, like the value of my car going down
 
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