Fri Jun 02, 2017 5:53 pm
ccfc97 wrote:Okay I will, Labour have promised in their manifesto that only the top 5% will have an increase in taxation. The boundary for the top 5% is actually £70,000 (my bad).
Secondly if you look into what the Land value tax actually is you would discover that it is a taxation based on the value of the land you own. For example if you live in a council house and therefore do not own your home then your 'council tax' will dissapear.
Fri Jun 02, 2017 5:59 pm
rontom wrote:ccfc97 wrote:Okay I will, Labour have promised in their manifesto that only the top 5% will have an increase in taxation. The boundary for the top 5% is actually £70,000 (my bad).
Secondly if you look into what the Land value tax actually is you would discover that it is a taxation based on the value of the land you own. For example if you live in a council house and therefore do not own your home then your 'council tax' will dissapear.
That is not true, if you live in a rented house council or private then the land tax will be included in your rent, however the rent should be cheaper as the land tax is less than council tax
Fri Jun 02, 2017 6:45 pm
ccfc97 wrote:There figures cannot be 100% accurate that I cannot deny but those figures have been worked out by people much cleverer than myself using models and data that I don't have.
Fri Jun 02, 2017 6:52 pm
Fri Jun 02, 2017 6:57 pm
Fri Jun 02, 2017 7:03 pm
Fri Jun 02, 2017 7:03 pm
AHERNE wrote:The UK`s richest 1% own more than 55% of the UK population and that was 3 years ago ... i should imagine the richest 5% own more than the other 95% .... tax them to the hilt #JC4PM https://www.theguardian.com/uk-news/201 ... population
Fri Jun 02, 2017 7:05 pm
AHERNE wrote:The UK`s richest 1% own more than 55% of the UK population and that was 3 years ago ... i should imagine the richest 5% own more than the other 95% .... tax them to the hilt #JC4PM https://www.theguardian.com/uk-news/201 ... population
Fri Jun 02, 2017 7:50 pm
Steve Zodiak wrote:AHERNE wrote:The UK`s richest 1% own more than 55% of the UK population and that was 3 years ago ... i should imagine the richest 5% own more than the other 95% .... tax them to the hilt #JC4PM https://www.theguardian.com/uk-news/201 ... population
Good idea, penalise people for endeavour, hard work and success. That will really encourage future generations. Personally, I am not jealous of people who have worked to reach the skies.
Fri Jun 02, 2017 9:02 pm
dogfound wrote:Steve Zodiak wrote:AHERNE wrote:The UK`s richest 1% own more than 55% of the UK population and that was 3 years ago ... i should imagine the richest 5% own more than the other 95% .... tax them to the hilt #JC4PM https://www.theguardian.com/uk-news/201 ... population
Good idea, penalise people for endeavour, hard work and success. That will really encourage future generations. Personally, I am not jealous of people who have worked to reach the skies.
or me.i have mates who sorta made it by having a stroke of luck after grinding it out for years. i dont begrudge them a penny. and id hate to be one of these unhappy bitter jealous begrudging socialists.
Fri Jun 02, 2017 9:12 pm
wez1927 wrote:Hmmm
Fri Jun 02, 2017 11:02 pm
Jock wrote:dogfound wrote:Steve Zodiak wrote:AHERNE wrote:The UK`s richest 1% own more than 55% of the UK population and that was 3 years ago ... i should imagine the richest 5% own more than the other 95% .... tax them to the hilt #JC4PM https://www.theguardian.com/uk-news/201 ... population
Good idea, penalise people for endeavour, hard work and success. That will really encourage future generations. Personally, I am not jealous of people who have worked to reach the skies.
or me.i have mates who sorta made it by having a stroke of luck after grinding it out for years. i dont begrudge them a penny. and id hate to be one of these unhappy bitter jealous begrudging socialists.
The politics of envy.
Sat Jun 03, 2017 7:29 am
Steve Zodiak wrote:AHERNE wrote:The UK`s richest 1% own more than 55% of the UK population and that was 3 years ago ... i should imagine the richest 5% own more than the other 95% .... tax them to the hilt #JC4PM https://www.theguardian.com/uk-news/201 ... population
Good idea, penalise people for endeavour, hard work and success. That will really encourage future generations. Personally, I am not jealous of people who have worked to reach the skies.
Sat Jun 03, 2017 7:35 am
castleblue wrote:Steve Zodiak wrote:AHERNE wrote:The UK`s richest 1% own more than 55% of the UK population and that was 3 years ago ... i should imagine the richest 5% own more than the other 95% .... tax them to the hilt #JC4PM https://www.theguardian.com/uk-news/201 ... population
Good idea, penalise people for endeavour, hard work and success. That will really encourage future generations. Personally, I am not jealous of people who have worked to reach the skies.
Sadly this policy of constantly fixating on the highest earners and taxing them more is what let's down Labour as it does little to encourage hard work, endeavour and most importantly investment. I really like the policy on the "Living Wage" and wish that every party would commit to this. In a fair and just society those at the lower end of the scale should be protected through earning a living wage, more of that income being protected by tax allowances but after that everyone pays at whatever tax rate their income falls (20% or 40% etc).
Corporation tax is completely different as thanks to the Tory's this tax has fallen dramatically to 19% (17% by 2020) this is the lowest level in any of the G7 Countries. Labour want to return to 26%, in my opinion that is not enough, and it should increase to 30% more in line with the other G7 Countries.
I believe that a new tax should be introduced on capital gains and share dividend income as fortunes are being lost each year and mainly to foreign investors, call it a Social Care Tax or whatever but something needs to be done about the £B's lost each year to Government Revenues and therefore public spending.
Taxing the high earners is just lazy as is TM "Dementia Tax" which does little to recognise the hard work and endeavour that goes into paying a mortgage, including the interest, over 20+ years.
Sat Jun 03, 2017 8:57 am
wez1927 wrote:Look at these
Sat Jun 03, 2017 9:01 am
wez1927 wrote:castleblue wrote:Steve Zodiak wrote:AHERNE wrote:The UK`s richest 1% own more than 55% of the UK population and that was 3 years ago ... i should imagine the richest 5% own more than the other 95% .... tax them to the hilt #JC4PM https://www.theguardian.com/uk-news/201 ... population
Good idea, penalise people for endeavour, hard work and success. That will really encourage future generations. Personally, I am not jealous of people who have worked to reach the skies.
Sadly this policy of constantly fixating on the highest earners and taxing them more is what let's down Labour as it does little to encourage hard work, endeavour and most importantly investment. I really like the policy on the "Living Wage" and wish that every party would commit to this. In a fair and just society those at the lower end of the scale should be protected through earning a living wage, more of that income being protected by tax allowances but after that everyone pays at whatever tax rate their income falls (20% or 40% etc).
Corporation tax is completely different as thanks to the Tory's this tax has fallen dramatically to 19% (17% by 2020) this is the lowest level in any of the G7 Countries. Labour want to return to 26%, in my opinion that is not enough, and it should increase to 30% more in line with the other G7 Countries.
I believe that a new tax should be introduced on capital gains and share dividend income as fortunes are being lost each year and mainly to foreign investors, call it a Social Care Tax or whatever but something needs to be done about the £B's lost each year to Government Revenues and therefore public spending.
Taxing the high earners is just lazy as is TM "Dementia Tax" which does little to recognise the hard work and endeavour that goes into paying a mortgage, including the interest, over 20+ years.
Everytine corperation tax is high the treasury takes in less money these are facts that that cant be ignored labour always try and hit the taxrs but it never works
Sat Jun 03, 2017 9:09 am
castleblue wrote:
Sadly this policy of constantly fixating on the highest earners and taxing them more is what let's down Labour as it does little to encourage hard work, endeavour and most importantly investment. I really like the policy on the "Living Wage" and wish that every party would commit to this. In a fair and just society those at the lower end of the scale should be protected through earning a living wage, more of that income being protected by tax allowances but after that everyone pays at whatever tax rate their income falls (20% or 40% etc).
Corporation tax is completely different as thanks to the Tory's this tax has fallen dramatically to 19% (17% by 2020) this is the lowest level in any of the G7 Countries. Labour want to return to 26%, in my opinion that is not enough, and it should increase to 30% more in line with the other G7 Countries.
I believe that a new tax should be introduced on capital gains and share dividend income as fortunes are being lost each year and mainly to foreign investors, call it a Social Care Tax or whatever but something needs to be done about the £B's lost each year to Government Revenues and therefore public spending.
Taxing the high earners is just lazy as is TM "Dementia Tax" which does little to recognise the hard work and endeavour that goes into paying a mortgage, including the interest, over 20+ years.
Sat Jun 03, 2017 9:15 am
wez1927 wrote:Everytine corperation tax is high the treasury takes in less money these are facts that that cant be ignored labour always try and hit the taxrs but it never works
Sat Jun 03, 2017 9:46 am
wez1927 wrote:castleblue wrote:Steve Zodiak wrote:AHERNE wrote:The UK`s richest 1% own more than 55% of the UK population and that was 3 years ago ... i should imagine the richest 5% own more than the other 95% .... tax them to the hilt #JC4PM https://www.theguardian.com/uk-news/201 ... population
Good idea, penalise people for endeavour, hard work and success. That will really encourage future generations. Personally, I am not jealous of people who have worked to reach the skies.
Sadly this policy of constantly fixating on the highest earners and taxing them more is what let's down Labour as it does little to encourage hard work, endeavour and most importantly investment. I really like the policy on the "Living Wage" and wish that every party would commit to this. In a fair and just society those at the lower end of the scale should be protected through earning a living wage, more of that income being protected by tax allowances but after that everyone pays at whatever tax rate their income falls (20% or 40% etc).
Corporation tax is completely different as thanks to the Tory's this tax has fallen dramatically to 19% (17% by 2020) this is the lowest level in any of the G7 Countries. Labour want to return to 26%, in my opinion that is not enough, and it should increase to 30% more in line with the other G7 Countries.
I believe that a new tax should be introduced on capital gains and share dividend income as fortunes are being lost each year and mainly to foreign investors, call it a Social Care Tax or whatever but something needs to be done about the £B's lost each year to Government Revenues and therefore public spending.
Taxing the high earners is just lazy as is TM "Dementia Tax" which does little to recognise the hard work and endeavour that goes into paying a mortgage, including the interest, over 20+ years.
Everytine corperation tax is high the treasury takes in less money these are facts that that cant be ignored labour always try and hit the taxrs but it never works
Sat Jun 03, 2017 9:47 am
Tony Blue Williams wrote:wez1927 wrote:Everytine corperation tax is high the treasury takes in less money these are facts that that cant be ignored labour always try and hit the taxrs but it never works
As the economy grows the tax take will rise which means that it appears that more money has been collected. If the Corporation Tax rates had remained where they were then the Treasury would have collected even more .
This is a classic smoke and mirrors manoeuvre by the Tories which is designed to fool the electorate.
Sat Jun 03, 2017 9:56 am
Tony Blue Williams wrote:castleblue wrote:
Sadly this policy of constantly fixating on the highest earners and taxing them more is what let's down Labour as it does little to encourage hard work, endeavour and most importantly investment. I really like the policy on the "Living Wage" and wish that every party would commit to this. In a fair and just society those at the lower end of the scale should be protected through earning a living wage, more of that income being protected by tax allowances but after that everyone pays at whatever tax rate their income falls (20% or 40% etc).
Corporation tax is completely different as thanks to the Tory's this tax has fallen dramatically to 19% (17% by 2020) this is the lowest level in any of the G7 Countries. Labour want to return to 26%, in my opinion that is not enough, and it should increase to 30% more in line with the other G7 Countries.
I believe that a new tax should be introduced on capital gains and share dividend income as fortunes are being lost each year and mainly to foreign investors, call it a Social Care Tax or whatever but something needs to be done about the £B's lost each year to Government Revenues and therefore public spending.
Taxing the high earners is just lazy as is TM "Dementia Tax" which does little to recognise the hard work and endeavour that goes into paying a mortgage, including the interest, over 20+ years.
I agree with 90% of the above although 26% on Corporation Tax is enough for now, as the Government should be ensuring that all profits made in the UK are taxed at that rate i.e. Starbucks, Amazon etc. rather than allowing them to use aggressive tax avoidance schemes.
However, I strongly disagree with your view on higher rate earners who quite rightly should be taxed at a 50% rate. I simply don’t buy the narrative that multi-millionaires need a cut tax to motivate them to get out of bed in the morning.
If these people (along with the Corporations) wish to do business in this country and reap the benefits then they pay their fair share towards the running costs. Nothing makes me sicker like an impoverished millionaire claiming he can’t get by because of his tax bill.
Sat Jun 03, 2017 9:56 am
Tony Blue Williams wrote:wez1927 wrote:Everytine corperation tax is high the treasury takes in less money these are facts that that cant be ignored labour always try and hit the taxrs but it never works
As the economy grows the tax take will rise which means that it appears that more money has been collected. If the Corporation Tax rates had remained where they were then the Treasury would have collected even more .
This is a classic smoke and mirrors manoeuvre by the Tories which is designed to fool the electorate.
Sat Jun 03, 2017 10:08 am
ccfc97 wrote:Tony Blue Williams wrote:wez1927 wrote:Everytine corperation tax is high the treasury takes in less money these are facts that that cant be ignored labour always try and hit the taxrs but it never works
As the economy grows the tax take will rise which means that it appears that more money has been collected. If the Corporation Tax rates had remained where they were then the Treasury would have collected even more .
This is a classic smoke and mirrors manoeuvre by the Tories which is designed to fool the electorate.
Someone finally said it, thank you Tony Blue
Sat Jun 03, 2017 10:14 am
castleblue wrote:Tony Blue Williams wrote:castleblue wrote:
Sadly this policy of constantly fixating on the highest earners and taxing them more is what let's down Labour as it does little to encourage hard work, endeavour and most importantly investment. I really like the policy on the "Living Wage" and wish that every party would commit to this. In a fair and just society those at the lower end of the scale should be protected through earning a living wage, more of that income being protected by tax allowances but after that everyone pays at whatever tax rate their income falls (20% or 40% etc).
Corporation tax is completely different as thanks to the Tory's this tax has fallen dramatically to 19% (17% by 2020) this is the lowest level in any of the G7 Countries. Labour want to return to 26%, in my opinion that is not enough, and it should increase to 30% more in line with the other G7 Countries.
I believe that a new tax should be introduced on capital gains and share dividend income as fortunes are being lost each year and mainly to foreign investors, call it a Social Care Tax or whatever but something needs to be done about the £B's lost each year to Government Revenues and therefore public spending.
Taxing the high earners is just lazy as is TM "Dementia Tax" which does little to recognise the hard work and endeavour that goes into paying a mortgage, including the interest, over 20+ years.
I agree with 90% of the above although 26% on Corporation Tax is enough for now, as the Government should be ensuring that all profits made in the UK are taxed at that rate i.e. Starbucks, Amazon etc. rather than allowing them to use aggressive tax avoidance schemes.
However, I strongly disagree with your view on higher rate earners who quite rightly should be taxed at a 50% rate. I simply don’t buy the narrative that multi-millionaires need a cut tax to motivate them to get out of bed in the morning.
If these people (along with the Corporations) wish to do business in this country and reap the benefits then they pay their fair share towards the running costs. Nothing makes me sicker like an impoverished millionaire claiming he can’t get by because of his tax bill.
Didn't put my view on tax very clear there Tony as I would have absolutely no problem with a 50% tax rate for anyone earning above £150,000 per year. For multi millionaires earning 7 figures a year then a higher figure maybe even 60-65% is right in a "Fair and Equal Society".
But what I hate most is the £B's lost in captial gains and share dividends as I really believe this type of income should be hit much much harder.
Sat Jun 03, 2017 10:18 am
Jock wrote:castleblue wrote:Tony Blue Williams wrote:castleblue wrote:
Sadly this policy of constantly fixating on the highest earners and taxing them more is what let's down Labour as it does little to encourage hard work, endeavour and most importantly investment. I really like the policy on the "Living Wage" and wish that every party would commit to this. In a fair and just society those at the lower end of the scale should be protected through earning a living wage, more of that income being protected by tax allowances but after that everyone pays at whatever tax rate their income falls (20% or 40% etc).
Corporation tax is completely different as thanks to the Tory's this tax has fallen dramatically to 19% (17% by 2020) this is the lowest level in any of the G7 Countries. Labour want to return to 26%, in my opinion that is not enough, and it should increase to 30% more in line with the other G7 Countries.
I believe that a new tax should be introduced on capital gains and share dividend income as fortunes are being lost each year and mainly to foreign investors, call it a Social Care Tax or whatever but something needs to be done about the £B's lost each year to Government Revenues and therefore public spending.
Taxing the high earners is just lazy as is TM "Dementia Tax" which does little to recognise the hard work and endeavour that goes into paying a mortgage, including the interest, over 20+ years.
I agree with 90% of the above although 26% on Corporation Tax is enough for now, as the Government should be ensuring that all profits made in the UK are taxed at that rate i.e. Starbucks, Amazon etc. rather than allowing them to use aggressive tax avoidance schemes.
However, I strongly disagree with your view on higher rate earners who quite rightly should be taxed at a 50% rate. I simply don’t buy the narrative that multi-millionaires need a cut tax to motivate them to get out of bed in the morning.
If these people (along with the Corporations) wish to do business in this country and reap the benefits then they pay their fair share towards the running costs. Nothing makes me sicker like an impoverished millionaire claiming he can’t get by because of his tax bill.
Didn't put my view on tax very clear there Tony as I would have absolutely no problem with a 50% tax rate for anyone earning above £150,000 per year. For multi millionaires earning 7 figures a year then a higher figure maybe even 60-65% is right in a "Fair and Equal Society".
But what I hate most is the £B's lost in captial gains and share dividends as I really believe this type of income should be hit much much harder.
Why should someone who either works harder or is cleverer than yourself pay a larger percentage of their income in tax.
Sat Jun 03, 2017 11:12 am
Jock wrote:castleblue wrote:Tony Blue Williams wrote:castleblue wrote:
Sadly this policy of constantly fixating on the highest earners and taxing them more is what let's down Labour as it does little to encourage hard work, endeavour and most importantly investment. I really like the policy on the "Living Wage" and wish that every party would commit to this. In a fair and just society those at the lower end of the scale should be protected through earning a living wage, more of that income being protected by tax allowances but after that everyone pays at whatever tax rate their income falls (20% or 40% etc).
Corporation tax is completely different as thanks to the Tory's this tax has fallen dramatically to 19% (17% by 2020) this is the lowest level in any of the G7 Countries. Labour want to return to 26%, in my opinion that is not enough, and it should increase to 30% more in line with the other G7 Countries.
I believe that a new tax should be introduced on capital gains and share dividend income as fortunes are being lost each year and mainly to foreign investors, call it a Social Care Tax or whatever but something needs to be done about the £B's lost each year to Government Revenues and therefore public spending.
Taxing the high earners is just lazy as is TM "Dementia Tax" which does little to recognise the hard work and endeavour that goes into paying a mortgage, including the interest, over 20+ years.
I agree with 90% of the above although 26% on Corporation Tax is enough for now, as the Government should be ensuring that all profits made in the UK are taxed at that rate i.e. Starbucks, Amazon etc. rather than allowing them to use aggressive tax avoidance schemes.
However, I strongly disagree with your view on higher rate earners who quite rightly should be taxed at a 50% rate. I simply don’t buy the narrative that multi-millionaires need a cut tax to motivate them to get out of bed in the morning.
If these people (along with the Corporations) wish to do business in this country and reap the benefits then they pay their fair share towards the running costs. Nothing makes me sicker like an impoverished millionaire claiming he can’t get by because of his tax bill.
Didn't put my view on tax very clear there Tony as I would have absolutely no problem with a 50% tax rate for anyone earning above £150,000 per year. For multi millionaires earning 7 figures a year then a higher figure maybe even 60-65% is right in a "Fair and Equal Society".
But what I hate most is the £B's lost in captial gains and share dividends as I really believe this type of income should be hit much much harder.
Why should someone who either works harder or is cleverer than yourself pay a larger percentage of their income in tax.
Sat Jun 03, 2017 12:55 pm
Jock wrote:Twice I've asked you about Corbyns plans to nationalise Railtrack, power and Water industries and how he intends to finance it, it's not costed in their manifesto and obviously would cost tens of billions. For a Corbynista you have been strangely silent on this and on his ludicrous claim that financing them by issuing secured government bonds isn't borrowing. Your clearly young and blinded by an evangelical zeal to see Corbyn elected PM a word of advice from an old cynic, politicians always let you down
Sat Jun 03, 2017 12:59 pm
Tony Blue Williams wrote:Jock wrote:Twice I've asked you about Corbyns plans to nationalise Railtrack, power and Water industries and how he intends to finance it, it's not costed in their manifesto and obviously would cost tens of billions. For a Corbynista you have been strangely silent on this and on his ludicrous claim that financing them by issuing secured government bonds isn't borrowing. Your clearly young and blinded by an evangelical zeal to see Corbyn elected PM a word of advice from an old cynic, politicians always let you down
Strangely enough you have answered your own question The Nationalisation of Railways, Power and Water would be paid for from secured Government bonds. Yes that's borrowed money and it says so in the manifesto.
What your overlooking is that once Nationalised the profits generated would go to the Treasury and not parasite shareholders also Tax avoidance from these industries would be solved at one stroke.
There is no excuse anymore for these utilities to remain in private hands, they are vital infrastructure and belong to us all.
Sat Jun 03, 2017 1:02 pm
Jock wrote:Why should someone who either works harder or is cleverer than yourself pay a larger percentage of their income in tax.
Sat Jun 03, 2017 1:05 pm
wez1927 wrote:Tony Blue Williams wrote:Jock wrote:Twice I've asked you about Corbyns plans to nationalise Railtrack, power and Water industries and how he intends to finance it, it's not costed in their manifesto and obviously would cost tens of billions. For a Corbynista you have been strangely silent on this and on his ludicrous claim that financing them by issuing secured government bonds isn't borrowing. Your clearly young and blinded by an evangelical zeal to see Corbyn elected PM a word of advice from an old cynic, politicians always let you down
Strangely enough you have answered your own question The Nationalisation of Railways, Power and Water would be paid for from secured Government bonds. Yes that's borrowed money and it says so in the manifesto.
What your overlooking is that once Nationalised the profits generated would go to the Treasury and not parasite shareholders also Tax avoidance from these industries would be solved at one stroke.
There is no excuse anymore for these utilities to remain in private hands, they are vital infrastructure and belong to us all.
Communist! You're be saying there should be a national goverment bank next oh wait for it !