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summer blizzard

What tax rate would you yourself choose to pay?

What marginal tax rate would you choose to pay?  

28 members have voted

  1. 1. What marginal tax rate would you choose to pay?

    • More than now - Increase my tax rate to pay for public services or reduce austerity
    • NI+IT is currently 32% - This seems about right
    • Lower my taxes - The state is far too greedy


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In another thread SS posted evidence showing that Brits believe that we do have a duty to pay towards public services and it's no secret that some support taxing the rich significantly. But, we also know that the English are a people who act in their self interest a lot of the time and indeed taxation for the ordinary person is not generally welcomed in terms of rises from the current position.

 

For the purposes of this poll assume that you've done well enough to earn a tad above average salary of £30k per year and answer what you yourself would choose to pay in this situation, not what you want the rich to pay. 

 

...........

 

Personally i think the state is too greedy and spends far too much, i'd want a tax cut. 

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I would be willing to pay a MAX of 7.5%, However the way this (and previous Governments) have thrown OUR hard earned money around like wedding confetti then I would be inclined to pay zilch!!  

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I started working 29 years ago and with the recent rise in the personal allowance to 10k I am probably paying less tax proportionally than I ever have on my wages, income tax was about 27% when I started so have gone for about right.

 

However council tax has been frozen here for about 3 years now and while a good thing to help hard pressed families, I would like a smallish rise so they have some money to fix the roads which are a disgrace around here.

Edited by CongletonHeat

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I had an accountant who went a bit funny on me - for a couple or three years she did not submit any of my returns, despite my forwarding all the necessary figures and without my knowledge. Her excuse was that I had asked to deal with the CGT to Ireland in relation to a house I sold there - she later said she could do it and was doing it but it appears not and was not submitting returns until the Irish figures were in.

 

Meanwhile I received automatic fines from our revenue, which I initially thought was a mistake - she told me not to worry, they were computer generated and that they would be rescinded once they had the Irish figures.

 

The top and bottom of it was that once I discovered all this I sacked her and engaged another more reliable but had to make the Irish return myself - I spoke to a lovely fellow in Dublin who gave me a lot of assistance over the phone and E-Mail and reached a figure. I settled but was late, so they issued a fine for 2000 € - I wrote to them explaining the reasons and very thankfully they waived it and this was at a time when Ireland was needing every Euro it could get its hands on. 

 

Meanwhile the HMRC were not willing to make any concessions whatsoever.

 

So I have come to the conclusion that the Irish Revenue employ human beings whilst our own HMRC employ robots, who masquerade as human beings - they have had quite enough money out of me now and I resent paying them any more than what I have to.

 

My view is that by being so rigid the HMRC are shooting themselves in the foot,  deterring co-operation from ordinary Jo Public, who if they were a bit more understanding and sympathetic they may gain more - as it is they make so many errors in peoples' affairs and with this 'rules is rules' outlook I certainly don't trust them and I strongly suspect I am not alone. Whereas the ethos of the Irish does engender more trust and co-operation and are likely to gain more as a result.

 

My big bugbear was that I was doing everything right but was let down by somebody else and that did not enter the equation at all - grrrrrrr

Edited by mike Meehan

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I started working 29 years ago and with the recent rise in the personal allowance to 10k I am probably paying less tax proportionally than I ever have on my wages, income tax was about 27% when I started so have gone for about right.

 

However council tax has been frozen here for about 3 years now and while a good thing to help hard pressed families, I would like a smallish rise so they have some money to fix the roads which are a disgrace around here.

No doubt if the more senior officials were not paid such astronomical wages, the councils did not waste money on ill conceived projects, the departments were more efficiently run by people who had some grip on reality instead of 'empire building' in order to boost their own pay and egos there would be sufficient money to repair the roads. 

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Aye, it's a difficult one. I'd probably be happy to pay more tax if it could be guaranteed that the extra went only to specific public services, (NHS, education, disability benefits, hardship payments, small business tax breaks), but I'm not happy paying more if that means more spent on defense, fossil fuel and nuclear subsidies, tax breaks for multi-national corporations and so on.

 

And I'd also be much less grudging about how much I pay in tax if I was confident that those who earn much more than me also paid at least the same overall proportion of their annual incomes as I do, but I know that because they can afford to play the system, (and employ experts to help them), they end up paying proportionately less. It may be legal but it sure ain't moral. More info here: http://www.equalitytrust.org.uk/resources/our-publications/unfair-and-unclear-effects-and-perceptions-uk-tax-system

Edited by Pennine Ten Foot Drifts
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why don't they have a standard income tax rate and do away with stealth taxes like vat and fuel tax

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why don't they have a standard income tax rate and do away with stealth taxes like vat and fuel tax

 

Because they (any incumbent government) know the people would really know how ridiculously high level of taxation exists in this country, if this policy was ever introduced, I doubt many people would pay below 60% of their income in tax regardless of being well off, moderate earners or on minimum wage.

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There are 000s, probably hundreds of 000s, many will be your neighbours - and definitely not the Super-rich or even Co.s, who are paying around 15% in total Income taxes and NI every month.

They are the contractors that many of us work alongside, from IT professionals to Project managers, plus of course consultants. They're in the private AND public sectors, and not all of them are high earners.

Our co. is awash with them.

Whereas an employed person might earn, say, £40K plus all benefits, the equivalent contractor is probably earning around £100K before tax.

That contractor has probably set him or herself up as a Ltd co., paying him/herself a small salary and the rest in dividends.

Tax take probably amounts to no more than 15%.

 

i wonder how much this practice (legal-ish) is costing the nation in 'lost' revenue?

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Aye, it's a difficult one. I'd probably be happy to pay more tax if it could be guaranteed that the extra went only to specific public services, (NHS, education, disability benefits, hardship payments, small business tax breaks), but I'm not happy paying more if that means more spent on defense, fossil fuel and nuclear subsidies, tax breaks for multi-national corporations and so on.

 

And I'd also be much less grudging about how much I pay in tax if I was confident that those who earn much more than me also paid at least the same overall proportion of their annual incomes as I do, but I know that because they can afford to play the system, (and employ experts to help them), they end up paying proportionately less. It may be legal but it sure ain't moral. More info here: http://www.equalitytrust.org.uk/resources/our-publications/unfair-and-unclear-effects-and-perceptions-uk-tax-system

Hello PTFD,

 

I agree with you 100%. Today I heard on the news that the HRMC are being criticized for being slow in recovering tax from big earners.

 

Kind Regards

Dave 

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why don't they have a standard income tax rate and do away with stealth taxes like vat and fuel tax

VAT is not really a stealth tax.

I do agree that it would be simpler to have a same rate tax on just income, consumption, capital and profits.

Edited by summer blizzard

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No doubt if the more senior officials were not paid such astronomical wages, the councils did not waste money on ill conceived projects, the departments were more efficiently run by people who had some grip on reality instead of 'empire building' in order to boost their own pay and egos there would be sufficient money to repair the roads. 

 

Totally agree, a few years ago I saw Stoke council advertising a post for vice chairman (or something like that) and the salary was £125k a year, absolute lunacy.

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VAT is not really a stealth tax.

I do agree that it would be simpler to have a same rate tax on just income, consumption, capital and profits.

It's stealth because people forget about it. It's just there.

Still remember the farce of the reduction to get people to spend a bit which only worked for the very rich as you would have to spend a huge amount of money to even notice the savings.

Anyway according to our tax bods I've retired and had a large lump sum and owe them money. I haven't retired and not seen any lump sum. Anyway I found the company the Tax office claim to have to have given me the lump sum and they're going to chase it as well.

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why don't they have a standard income tax rate and do away with stealth taxes like vat and fuel tax

In my view VAT is probably the fairest tax we have - this is a tax everybody has to pay because it is added to virtually everything we buy by each and everybody, no matter whether you are an itinerant traveller or a high flying executive - on the other hand I do resent the way the government adds duty to the price of fuel then has the audacity to charge VAT on the duty which is too much like two bites of the cherry to me. Really in this case they should charge VAT just on the portion on the basic fuel before the VAT is imposed.

Totally agree, a few years ago I saw Stoke council advertising a post for vice chairman (or something like that) and the salary was £125k a year, absolute lunacy.

It is scandalous - going back to my younger days it was a general unwritten rule that if you wanted high wages you went into the private sector but for that you had to give up a certain amount of job security but if on the other hand you wanted job security you accepted a lower salary by working in the public sector, so as a result there was a wage differential biased towards the private sector.

Now it seems that these 6 figure salaries are not uncommon for the higher echelons of government, local authorities and the NHS and I really wonder what these people are doing to deserve these apart from 'empire building' and generally feathering their own nests at the expense of the taxpayers with little to show for it in return.

These organisations really need to be streamlined and trimmed down and there should be a point where the maximum efficiency can be obtained for a lower rate of expenditure - the problem is that if you ask a head of department to make cuts it is the poor sods at the bottom of the pecking order who will have to go, not him, in effect saving comparatively little.

Edited by mike Meehan

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I would like to see a fine where persons/councils/gov that are payed public money are held to account where systems, services and payments to the public for their poor service are suitably punished rather than "getting away with it" and just letting the public purse continue the funding.

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Hello PTFD,

 

I agree with you 100%. Today I heard on the news that the HRMC are being criticized for being slow in recovering tax from big earners.

 

Kind Regards

Dave 

Dave,

 

It is the line of least resistance - to recover money from the big earners is more complicated and it takes a lot more work whilst poor old Jo Public is a sitting duck to them with no avenues of escape because normally he cannot afford the high fees of the specialist tax accountants.

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In my view VAT is probably the fairest tax we have - this is a tax everybody has to pay because it is added to virtually everything we buy by each and everybody, no matter whether you are an itinerant traveller or a high flying executive - on the other hand I do resent the way the government adds duty to the price of fuel then has the audacity to charge VAT on the duty which is too much like two bites of the cherry to me. Really in this case they should charge VAT just on the portion on the basic fuel before the VAT is imposed.

 

Mike wrote the above in one of his earlier postings. VAT is in fact according to economists a very regressive tax as it does not differentiate on the purchaser's ability to pay. Luckily a lot of essentials are exempt from the tax otherwise the poor would be in a right pickle. Most foods, except those deemed luxury items are exempt as is children's clothing. but adult's  wear is not.

 

Kind regards

 

Dave

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Don't mind vat at the moment ,due to acounting error in my favour got a nice cheque back recently ,fuel tax gets my goat though ..

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I find this difficult to answer.

 

Would I mind paying a bit more tax temporarily to kick start things and give a funding boost? No. Would I want to pay a higher rate forever? No.

 

Public services need to be paid for and with a growing population that is living for longer, the basic fact of the matter is, it needs more money than before to fund them. Considering that I am a big believer in your income not determining what care you get and ultimately your quality of life in that regard, I would have to say that in order not to be all mouth and no trousers that I would be OK with paying a little more tax. However, that would be under the proviso that it is spent efficiently and not getting wasted on ridiculous stuff that it often is.

 

I do not think we as a nation can complain about public services having cuts and the like, if we are not willing to pay a bit more tax to fund them. Money doesn't grow on trees.

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In my view VAT is probably the fairest tax we have - this is a tax everybody has to pay because it is added to virtually everything we buy by each and everybody, no matter whether you are an itinerant traveller or a high flying executive - on the other hand I do resent the way the government adds duty to the price of fuel then has the audacity to charge VAT on the duty which is too much like two bites of the cherry to me. Really in this case they should charge VAT just on the portion on the basic fuel before the VAT is imposed.

 

Mike wrote the above in one of his earlier postings. VAT is in fact according to economists a very regressive tax as it does not differentiate on the purchaser's ability to pay. Luckily a lot of essentials are exempt from the tax otherwise the poor would be in a right pickle. Most foods, except those deemed luxury items are exempt as is children's clothing. but adult's  wear is not.

 

Kind regards

 

Dave

Yes, Dave but the purchaser does have to choice to decide whether to buy or not, or go for a cheaper option but for those who continue to buy their fags and their booze will have to pay the same VAT as anybody else - a lot of these things are lifestyle choices and as in my younger days if you can't afford it, you go without until such time as you can - at least normal food is zero rated and domestic fuel bills are something like 5% - as for clothing there are charity shops and if shove came to push I would go there - I am not sure if VAT applies to these or not, I suspect it doesn't.

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I don't want to pay more tax , I pay enough all ready ,I want the government and it's agencies to stop wasting it on wars and spurious other projects. :)....

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In my view VAT is probably the fairest tax we have - this is a tax everybody has to pay because it is added to virtually everything we buy by each and everybody, no matter whether you are an itinerant traveller or a high flying executive - on the other hand I do resent the way the government adds duty to the price of fuel then has the audacity to charge VAT on the duty which is too much like two bites of the cherry to me. Really in this case they should charge VAT just on the portion on the basic fuel before the VAT is imposed.

 

Mike wrote the above in one of his earlier postings. VAT is in fact according to economists a very regressive tax as it does not differentiate on the purchaser's ability to pay. Luckily a lot of essentials are exempt from the tax otherwise the poor would be in a right pickle. Most foods, except those deemed luxury items are exempt as is children's clothing. but adult's  wear is not.

 

Kind regards

 

Dave

 

 

VAT always has to be above 15 percent EU law, 

 

I agree with a standard rate of tax and scraping vat 

Edited by lfcdude

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