- Joined
- 31 May 2016
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When you look at where taxes come from, as you go up the scale in to the top 10% and 1% and 0.1% you release that most of the population contribute very little and those in the 10% carry the burden. Once you start getting over £300k a year income, you lost most of your tax free pension allowance, all of your personal allowance and you end up with a nominal tax rate of about 42%. Add to that labours new 47% saving tax and even people on more modest incomes of say £200k would be better leaving the country. Particularly if they get RSUs or similar. If you allow the super wealths, say those on £500k+ to start paying proportionately less tax, for every 1 you attract to the UK, you cover 10 JohnD and Nosenouts.
Lefties think it's right that the wealthy pay more, but they also pay proportionally more and are highly mobile. The lefties don't like that people can leave, they want them dependant on the state, so they vote labour forever.
Lefties think it's right that the wealthy pay more, but they also pay proportionally more and are highly mobile. The lefties don't like that people can leave, they want them dependant on the state, so they vote labour forever.