Are We Still All Still In It Together ?

[mikey4444]

http://www.bbc.co.uk/news/uk-politics-26572914

Failed Tory Chancellor responsible for the September 1992 "Black Wednesday" debacle, now saying that "too many people" are paying tax apparently.

Listening to Lamont talk about fiscal matters must be akin to listening to Herod giving a discourse on child health issues.

So, are we still "all in it together" or that just the poorer part of our population ? Don't wealthy people have a part to play in our economic recovery ?

[ToraToraTora]

"Don't wealthy people have a part to play in our economic recovery ? " - yes and they pay the most tax too. I realise it's hard for you socialist types to get your head round this but someone has to create the wealth for you guys to spend. Direct taxation is proportaional, ie x% of a lot is more money than x% of a smaller figure, QED, higher paid workers pay more tax, geddit?

The former Chancellor is correct, too many people are paying tax, by that of course he means direct tax. I would have thought that you would be delighted that starting next month several hundred thousand people will be under the tax threshold altogether.

Not sure what you are moaning about, unless you just want to hike up the top rates out of envy, it sure doesn't raise much revenue.

Someone needs to create the "other peoples money" for your socialist mates to spend mikey.

[mikey4444]

Usual confused rant I see TTT !

[ToraToraTora]

its all clear to me mikey!

[youngmafbog]

TTT often has a rant, but this isn't one Mickey, neither is it confusing.

The gist of it is nothing that hasn't been said many times before by many people.

You may not like it, which I doubt you do as hard line socialists tend to dislike the truth.

[retrocop]

It's not TTT who is doolally tup here!!!!He makes a reasonable point not a rant.

[tamborine]

Increase VAT, which will result in higher shopping prices all round that everyone will contribute to; seems a fairer option. Why should workers be the only ones penalised.

[ToraToraTora]

I agree tambo, in fact lets abolish direct taxation altogether and put the lot on duty etc?

[ToraToraTora]

expect howls of derision from the left, they love direct taxation that's why they use it to kill off enterprise.

[tamborine]

TTT, the end of the financial year is upon us - I aint paying to keep benefit street no more! Time to cook the books ;)

[DrFilth]

http://www.dailymail.co.uk/news/article-459766/City-fat-cats-paying-tax-cleaners.html

[DrFilth]

http://realbusiness.co.uk/article/25034-six-companies-that-avoid-paying-their-taxes

[DrFilth]

> BBC admits 300 stars paid through private firms can avoid tax
More than twice as many BBC stars as previously thought could be avoiding paying the right amount of tax, The Daily Telegraph can disclose. <

http://www.telegraph.co.uk/culture/tvandradio/bbc/9406610/BBC-admits-300-stars-paid-through-private-firms-can-avoid-tax.html

[jno]

oh yes, Google and Amazon have to create wealth so they can pay tax... yeah, right.

[Hopkirk]

Surely it's not the wealthy that Mr Lamont was talking about.

It's the many skilled tradespeople - ordinary workers - who are being pulled into the top rate. Many working pensioners are being hit too, as well as nurses and teachers..

Every time the coalition has raised the tax threshold at the bottom, it has clawed it back by lowering the 40p straing point.

[Hopkirk]

.. starting point.

[ToraToraTora]

well done for the leap of illogic championships jno! We are talking about ordinary workers in what you might call the middle class paying higher rate tax because of the thresholds not ming up.

[jno]

I think that's right, Hopkirk, the basic rate seems to cover fewer and fewer people and what you'd call the lower middle class (teachers, police) are finding themselves in the next bracket, which really ought to cover only the comfortable middle class like me.

Having said that - they're not paying 40% on very much of the income, it's not like every penny they earn is taxed at that rate.

[DrFilth]

after the threshold limit did they not change it from 10p to 20p a couple of years back ?

[jno]

goodness, coincidental posting has made it seem as if TTT thinks the same way I do, which must pain him. But I'll repeat that last bit - a teacher may creep into the 40% bracket but he won't be paying 40% on much of his pay.

[naomi24]

Mikey, does every sighting of a Conservative cause a confusing red mist to descend over you? It would appear that Mr Lamont is saying something that you, being for the workers, ought to applaud.