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Tax reform?

Murdochcat said:
They just need to increase income tax by 1p in the pound, remove the upper limit for NI, remove the taper for the personal allowance above £100k, make the 40% tax point £80k, the 45% tax point £125k

And levy NI on all income INCLUDING pensioners above the personal allowance
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Are you looking to raise roughly the same amount of money overall. Why would doing it that way be better. I can't get my head round the pros and cons.
 
MNW67 said:
Are you looking to raise roughly the same amount of money overall. Why would doing it that way be better. I can't get my head round the pros and cons.
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I think Murdochcat means he doesn't want Property Tax reform, he wants higher taxes on wages.
 
MNW67 said:
Are you looking to raise roughly the same amount of money overall. Why would doing it that way be better. I can't get my head round the pros and cons.
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If you understand the current system of allowances there are points at which you deter people from earning more
 
MNW67 said:
Have you taken into account all taxes and duties when working out these figures.

The problem we have now is that the spread of wealth and income is becoming more unequal. We need tax revenue to pay for the things the voters want. It is only logical that those who have the most will have to increase their contribution still further, because they are the ones who have increased their share of the available money.
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Money is finite? :LOL:
 
JohnD said:
I think Murdochcat means he doesn't want Property Tax reform, he wants higher taxes on wages.
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Says the person who didn’t read my post properly

Charging NI in all income including for pensioners would raise lots of money - especially of those who are living off unearned income

Sure have a go at property tax but that’s something that could take a lot of time to do - what they could do immediately is change when a property is reaccessed to immediately after a property extension is completed- like what happened under the rates system, not when it changes hand
 
And I would remove the interest levy on student loans being repaid in favour of an extra tax, on all income, for life, like Scandinavia
 
festive said:
Tax the rich and if that doesn't work Tax them more.
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Emily Thornberry on Politics Live just now mentioning the NI thing for LLs that have 3+ properties. A guy on the prog summed it up nicely:

"The left always does this, tries to separate income and wealth. You say you don't want to tax income so much because that stops people striving, however wealth is ok (to target) because wealth you just have, it's just there like oxygen. NO! Wealth in many cases is the product of income.'
 
MNW67 said:
Pedantic deflection. Par for the course.
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Perhaps your poor wording of the argument left you with an open goal.

You're welcome to have another go at your argument.

Are you trying to suggest the available wealth / income etc is from a fairly fixed pot and therefore its better to take from those who have more than those who have less, because those who have more somehow took it from those who have less?

Have you considered that it might be better to increase those who pay more by poaching them from other nations?
 
Murdochcat said:
Says the person who didn’t read my post properly

Charging NI in all income including for pensioners would raise lots of money - especially of those who are living off unearned income

Sure have a go at property tax but that’s something that could take a lot of time to do - what they could do immediately is change when a property is reaccessed to immediately after a property extension is completed- like what happened under the rates system, not when it changes hand
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Would there be any reason to keep income tax and NI separate.
 
diy_fun_uk said:
Emily Thornberry on Politics Live just now mentioning the NI thing for LLs that have 3+ properties. A guy on the prog summed it up nicely:

"The left always does this, tries to separate income and wealth. You say you don't want to tax income so much because that stops people striving, however wealth is ok (to target) because wealth you just have, it's just there like oxygen. NO! Wealth in many cases is the product of income.'
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I'm struggling to see how such a person would not already be paying class 4.
 
motorbiking said:
Perhaps your poor wording of the argument left you with an open goal.

You're welcome to have another go at your argument.

Are you trying to suggest the available wealth / income etc is from a fairly fixed pot and therefore its better to take from those who have more than those who have less, because those who have more somehow took it from those who have less?

Have you considered that it might be better to increase those who pay more by poaching them from other nations?
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Everyone knew what I meant. Including you. Pedantic deflection is the only thing you have.
 
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