Can I have a 10% Tax rate as well please?

[JohnD]

Do you think the world would be a better place if Jeff just gave up when handed his first tax bill?

if he paid his fair share of tax, and if his company paid the same amount of corporation tax as any other successful business, yes, of course the world would be a better place.

If Amazon stopped selling socks, do you think the world sock trade would collapse?

No, people would just buy their socks somewhere else.

 

[EFLImpudence]

Jeff Bezos is held up as a pariah of tax avoidance.
Do you think the world would be a better place if Jeff just gave up when handed his first tax bill?

That is an irrelevant question.

I think the world would be a better place if the world was a better place. It has nothing to do with amazon.

 

[JohnD]

moaning about having to pay tax

the person moaning about paying tax is the dork.

 

[Brigade77]

if he paid his fair share of tax, and if his company paid the same amount of coroporation tax as any other successful business, yes, of course the world would be a better place.

If Amazon stopped selling socks, do you think the world sock trade would collapse?

No, people would just buy their socks somewhere else.

You're missing out on a very important part of what makes a successful business & what seperates Amazon from 'any other' mail order company.

How many pairs of socks do you own? Because if it's more than 3x pairs then you're wasting your money & damaging our environment.

I was never a salesman, but I appreciate what the salesman brings to the party.

Have you ever purchased from Amazon? What did you base your purchasing decision on? I only ask because most folk simply do not have a clue.

 

[EFLImpudence]

None of what you are asking and saying has anything to do with paying tax.

 

[Brigade77]

None of what you are asking and saying has anything to do with paying tax.

Yes it does. There is tax avoidance & there is tax evasion. One is illegal the other isn't. Perhaps both can be considered immoral but that depends on what side of the fence you are sitting.

If you want to sit on the side of the fence that says "everybody with more money than me should be paying more tax than me" then you are in serious danger of creating a situation where there is no one sat on the other side of the fence to pay your wages.

Some people make money & some people create money. There is a BIG difference between them.

 

[EFLImpudence]

Yes it does. There is tax avoidance & there is tax evasion. One is illegal the other isn't. Perhaps both can be considered immoral but that depends on what side of the fence you are sitting.

That is true but the rules which cover tax avoidance are intentionally made so that the wealthy may avoid paying tax.

If you want to sit on the side of the fence that says "everybody with more money than me should be paying more tax than me" then you are in serious danger of creating a situation where there is no one sat on the other side of the fence to pay your wages.

Rubbish.

Some people make money & some people create money. There is a BIG difference between them.

No. No one creates money. They just divert more of what there is to themselves.

Let us take the scenario where the wealthy have made and make money by paying low wages and the employees have to be paid benefits so that they can live.
So - a double whammy for the employer. He does not pay tax and the other ordinary workers earning a bit more subsidise him.

11 billion dollars profit by Amazon last year divided by the 600,000 employees is an average of 18,000 from each employee.

 

[JohnD]

Some people make money & some people create money. There is a BIG difference between them.

you mean in the way that a miner or a sculptor creates something. They're very seldom billionaires.

How would you decide how to define who should be given preferential treatment and allowed to escape paying taxes on their profits?

 

[EFLImpudence]

Where did you get the money that you put in everybody's pocket?

Presumably it was not not everybody as you must have taken the money from somebody else's pocket - unless you created it yourself.

So, you might have paid tax to run things including the NHS unless you took so much that you were allowed to avoid helping to run things.

 

[SirGalahad]

It's a complete fallacy that Bezos or any billionaire would stop working if they were taxed or never bother to go into business as you are saying their options are being worth £100bn now or not. A totally false equivalence by people who are absolutely cluless.

Entrepreneurs do not go into business to avoid taxes.

Also the focus on lowering corporate tax and other rebates means the tax has to fall on the public. So when you defend billionaires not paying the same proportion of income as yourself what you are saying is that you should pay more.

 

[SirGalahad]

You know what, I'm retired now so I RDGAF. But in my day I put £money in everybodys pockets, they seemed to be happy with that because they all hung around for more.

Perhaps I should have taken the socialist way & just be one of them, hanging around & waiting for someone to create some work for us all to do . . .

Dumbest thing I have heard in ages.

So your clients paid you, so they put money in your pocket first.

Or did you grow your own money?

It's why businessmen should not enter politics most are clueless to how an economy actually works.

 

[EFLImpudence]

Yes, Trump still thinks that China pays the tariffs he has imposed on their products - he's supposed to be a business man.

 

[JohnD]

Buffon Johnson claims that Labour is like Stalin because they want to tax more.

https://www.facebook.com/video.php?v=1232868776902487

 

[SirGalahad]

Buffon Johnson claims that Labour is like Stalin because they want to tax more.

https://www.facebook.com/video.php?v=1232868776902487

Personally I would like to pay less tax.

It's time for LVT - would make tax collection oh so much more easier and the housed land bankers would soon start building.

 

[motorbiking]

Someone on 80K PAYE pays just over 25K in tax effectively 31%, that rises to 39% for 140k, 43% for 250k. By the time the income is 1.5M per year they are capping out at 46%. Someone stupid enough to be on 5M Paye is paying over £2.3M in tax (47%).

Its very easy to say that millionaires don't pay enough tax when it looks like they are rolling in money. But who here would honestly not take steps to reduce a 2.3M tax bill if they were on 5M a year?

Someone on 180k (5 x the national avg) pays 9.6 x more tax.