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Post by Deleted on Dec 8, 2019 10:06:54 GMT
They already do. The top 5% pay approx. 51% of all Income Tax received by the government. Dollars to doughnuts they have some form of legal/illegal tax avoidance going on before the tax is taken from their accounts, but that aside it’s hard to disagree. How corporation tax has been brought as low as 19% is a head scratcher though. The individual low income tax bracket is 20% isn’t it? You could start a new thread on Corporation Tax, and if it is needed or not.
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Post by Deleted on Dec 8, 2019 10:18:53 GMT
Dollars to doughnuts they have some form of legal/illegal tax avoidance going on before the tax is taken from their accounts, but that aside it’s hard to disagree. How corporation tax has been brought as low as 19% is a head scratcher though. The individual low income tax bracket is 20% isn’t it? You could start a new thread on Corporation Tax, and if it is needed or not. I can see why people would argue that it isn’t if people are already being taxed on earnings. But the on the flip side of you want to benefit from the skills I country has to offer then you should pay your share to contribute to the development of that country’s people and also to offset the resources the company consumes in going about it’s business in that territory.
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Post by Deleted on Dec 8, 2019 10:21:02 GMT
They already do. The top 5% pay approx. 51% of all Income Tax received by the government. Dollars to doughnuts they have some form of legal/illegal tax avoidance going on before the tax is taken from their accounts, but that aside it’s hard to disagree. How corporation tax has been brought as low as 19% is a head scratcher though. The individual low income tax bracket is 20% isn’t it? The personal starting rate of personal income tax is 20%, correct. When being critical of corporations, private limited companies, any company registered at companies house, you have to consider not just corporation tax. Think of employers NI, think of business rates, think of vat. This simplistic argument that if corporations just pay more all will be well does the debate over income distribution an injustice.
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Post by Deleted on Dec 8, 2019 10:38:25 GMT
Dollars to doughnuts they have some form of legal/illegal tax avoidance going on before the tax is taken from their accounts, but that aside it’s hard to disagree. How corporation tax has been brought as low as 19% is a head scratcher though. The individual low income tax bracket is 20% isn’t it? The personal starting rate of personal income tax is 20%, correct. When being critical of corporations, private limited companies, any company registered at companies house, you have to consider not just corporation tax. Think of employers NI, think of business rates, think of vat. This simplistic argument that if corporations just pay more all will be well does the debate over income distribution an injustice. Fair point. I was looking at corp tax rates across Europe yesterday and was surprised to see France at 31%, we get told we can’t raise it because companies will relocate, how come France still functions with a rate that high?
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Post by Deleted on Dec 8, 2019 11:30:22 GMT
The personal starting rate of personal income tax is 20%, correct. When being critical of corporations, private limited companies, any company registered at companies house, you have to consider not just corporation tax. Think of employers NI, think of business rates, think of vat. This simplistic argument that if corporations just pay more all will be well does the debate over income distribution an injustice. Fair point. I was looking at corp tax rates across Europe yesterday and was surprised to see France at 31%, we get told we can’t raise it because companies will relocate, how come France still functions with a rate that high? The truth is France is a very "statist" economy, rather sclerotic, look at the demonstrations going on as they try and reform their pension schemes.
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Post by Deleted on Dec 8, 2019 11:52:09 GMT
The personal starting rate of personal income tax is 20%, correct. When being critical of corporations, private limited companies, any company registered at companies house, you have to consider not just corporation tax. Think of employers NI, think of business rates, think of vat. This simplistic argument that if corporations just pay more all will be well does the debate over income distribution an injustice. Fair point. I was looking at corp tax rates across Europe yesterday and was surprised to see France at 31%, we get told we can’t raise it because companies will relocate, how come France still functions with a rate that high? Raising Corporation Tax will not necessarily mean companies relocate, but lowering it attracts more companies, more investment, more jobs.
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Post by Deleted on Dec 8, 2019 12:36:17 GMT
Fair point. I was looking at corp tax rates across Europe yesterday and was surprised to see France at 31%, we get told we can’t raise it because companies will relocate, how come France still functions with a rate that high? Raising Corporation Tax will not necessarily mean companies relocate, but lowering it attracts more companies, more investment, more jobs. But more so if the country to be vested in is part of a very large free trade area..with ease of access, readily available labour and rules that everyone accepts, adheres to and is properly adjudicated. Oh.....hang on...
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Post by Deleted on Dec 8, 2019 15:37:54 GMT
Spin and twist my comments my comments as much as you like. I’ve said everyone has an opportunity to be a success, i’ve not said every gang member or knife carrier is a “Captain of Industry” in waiting. You spoke earlier of me talking in black and white absolutes and yet here you are talking about the choice is either to be a knife wielding gang member or be a “Captain of Industry”. Success is relative, not everyone can have 25 rip roaring years as a city high flier but there is an alternative of becoming a plumber, an electrician, police officer, or millions of other careers. Many of my school friends who did less well in exams went into trades and are now among the bigger earners from my school days, doing better than me who went into insurance after a-levels and trying to work my way up a slippery ladder! Take the villains who who are ruining lives of others off the street permanently. I hear there is nothing for teenagers to do these days so that they have no choice but to undertake hobbies such as muggings and drug running. Perhaps we should open a million youth clubs that will solve everything. I’m sure the gang members will happily drop their aspirations to become rich through crime and opt for a game of table tennis instead. You can can try to paint me as some evil character as much as you like but I’m all in favour of having a benefits system. I want one that is fair and supports those most in need and does not provide an alternative lifestyle for those who can’t be bothered to work. Why was a benefit system created? Was it not as a last resort to help people for a short period of time during hard times, something people appreciated whilst they got back on their feet. The benefit system has morphed in to a monster and needs sorting out. As I’ve said a number of times before I’m in favour of people with genuine needs receiving far higher benefits. I don’t want that funded by “asking the wealthiest in society to just pay a little bit more” as Corbyn suggests for everything else. Fund it by taking benefit away from people who choose a lifestyle where they sit at home contributing zilch. Take it away from people claiming to be stressed (not true mental illness). Stop paying benefits to people arriving in the UK who have made no contribution. Cut unnecessary areas of tax avoidance, that applies to multi nationals, SME’s and sole traders. Out of interest, do you have any figures for those who you believe abuse the system? No of course not. In the course of my work assessing income protection claims we come across plenty of individuals who are fit for work but choose not to for fairly lame reasons. It’s a frustrating business as you can help a really driven individual get back to work after a serious accident or once they completed their chemotherapy treatment and on the flip side you have people with very little wrong resisting every effort to get them back to work. These individuals are also claiming state benefit. You can look at every regional newspaper in the country and there will be multiple cases every day of people cheating the benefit system and very rarely does it ever get paid back. I don’t believe anyone at DWP carries out in depth analysis of what someone on benefits spend their money on. I’ve said before that state benefit (excluding pension) should be paid by a voucher system only redeemable only on essential goods.
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Post by Deleted on Dec 8, 2019 15:48:13 GMT
There should also be an increase in voting age to at least 25 so people will have had an opportunity to experience a few years of real life, of managing their finances and a chance to look at the deduction column in their payslips over a period of time and reflect how well that gets spent. Should also be based on Tax & NI contributions so only those who contribute get a say in who is in charge of spending our money - some means testing to allow those with a genuine and serious medical condition would be a fair exemption.
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Post by Deleted on Dec 8, 2019 16:14:26 GMT
Out of interest, do you have any figures for those who you believe abuse the system? No of course not. In the course of my work assessing income protection claims we come across plenty of individuals who are fit for work but choose not to for fairly lame reasons. It’s a frustrating business as you can help a really driven individual get back to work after a serious accident or once they completed their chemotherapy treatment and on the flip side you have people with very little wrong resisting every effort to get them back to work. These individuals are also claiming state benefit. You can look at every regional newspaper in the country and there will be multiple cases every day of people cheating the benefit system and very rarely does it ever get paid back. I don’t believe anyone at DWP carries out in depth analysis of what someone on benefits spend their money on. I’ve said before that state benefit (excluding pension) should be paid by a voucher system only redeemable only on essential goods. So there you have it, an opinion based upon assessing insurance claims. BTW, isn't it the case that you cannot claim State Benefits if one's income is protected by an insurance policy and being paid out? Asking for a friend (in Germany)
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Post by Officer Barbrady on Dec 8, 2019 20:59:07 GMT
eric did you write the script for this?
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Post by Deleted on Dec 8, 2019 21:39:01 GMT
eric did you write the script for this? Made me smile.
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Post by peterparker on Dec 8, 2019 21:41:23 GMT
Fooking hell
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Post by Deleted on Dec 8, 2019 22:12:01 GMT
How on earth anyone could even consider voting for this utter bumbling buffoon escapes me.
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Post by yetigas on Dec 8, 2019 22:46:41 GMT
To characterize Jeremy Corbyn as a 'racist terrorism supporter' says more about you than him. He described an organization who have called for the extermination of the Jews, his "friends". Your defence of him, tells me a lot about you. I`m no fan of BJ, but what he has said or done that is comparable JC`s remarks? Firstly, Jeremy Corbyn is on record regretting calling Hamas and Hezbollah 'friends' though he used it in the context of encouraging dialogue on a peace process. I like peacemakers, don't you? Secondly, my point was about Johnson's racism - his use of racist language (as well as sexist and homophobic language) is well documented - just google it.
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Post by stuart1974 on Dec 8, 2019 23:39:40 GMT
Out of interest, do you have any figures for those who you believe abuse the system? No of course not. In the course of my work assessing income protection claims we come across plenty of individuals who are fit for work but choose not to for fairly lame reasons. It’s a frustrating business as you can help a really driven individual get back to work after a serious accident or once they completed their chemotherapy treatment and on the flip side you have people with very little wrong resisting every effort to get them back to work. These individuals are also claiming state benefit. You can look at every regional newspaper in the country and there will be multiple cases every day of people cheating the benefit system and very rarely does it ever get paid back. I don’t believe anyone at DWP carries out in depth analysis of what someone on benefits spend their money on. I’ve said before that state benefit (excluding pension) should be paid by a voucher system only redeemable only on essential goods. So to stop the one with a lame reason you will be making it harder for the one on chemo? Multiple cases every day in every local paper? Quite an assertion, but exaggeration for effect I presume. As for vouchers, that is quite a stigma to attach to people you want to help in order to prevent an unknown number who you feel abuse the system. Keep a tally this week of cases you feel are fraudulent and genuine. Let us know.
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Post by stuart1974 on Dec 8, 2019 23:43:08 GMT
On a lighter note, who do we expect to be the Michael Portillo of this election?
As much as I would love to see Uxbridge unseat BJ, I suspect he will hang on but Swinson, IDS, Flint and Steve Baker are vulnerable. Apparantly Labour are throwing the kitchen sink at Baker' and IDS' constituencies.
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Post by warehamgas on Dec 9, 2019 0:04:48 GMT
On a lighter note, who do we expect to be the Michael Portillo of this election? As much as I would love to see Uxbridge unseat BJ, I suspect he will hang on but Swinson, IDS, Flint and Steve Baker are vulnerable. Apparantly Labour are throwing the kitchen sink at Baker' and IDS' constituencies. Possibly Raab in Esher or Ian Duncan-Smith in Chingford. Don’t think either would be good at presenting TV programmes on railways! UTG! edit: sorry, saw you mentioned IDS.
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Post by Deleted on Dec 9, 2019 7:39:19 GMT
On a lighter note, who do we expect to be the Michael Portillo of this election? As much as I would love to see Uxbridge unseat BJ, I suspect he will hang on but Swinson, IDS, Flint and Steve Baker are vulnerable. Apparantly Labour are throwing the kitchen sink at Baker' and IDS' constituencies. That would be a free kitchen sink for everyone I presume?
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Post by Deleted on Dec 9, 2019 7:40:52 GMT
He described an organization who have called for the extermination of the Jews, his "friends". Your defence of him, tells me a lot about you. I`m no fan of BJ, but what he has said or done that is comparable JC`s remarks? Firstly, Jeremy Corbyn is on record regretting calling Hamas and Hezbollah 'friends' though he used it in the context of encouraging dialogue on a peace process. I like peacemakers, don't you? Secondly, my point was about Johnson's racism - his use of racist language (as well as sexist and homophobic language) is well documented - just google it. Corbyn has not been part of any peace process in his entire life !
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