8000 millionaires to get 100000 tax cuts

[alteredgemed]

Ok here's a simple question, every country in the world is in debt (with the exeption of Iceland)... Who is the money owed too?

[truman]

Ok here's a simple question, every country in the world is in debt (with the exeption of Iceland)... Who is the money owed too?

 

How does this realate to the tax rates?

[ricgem2002]

If I got a tax reduction I'd use it to pay down some debt..how's that going to boost the economy?

it wouldnt it would bring down your debt, if its easy for you to understand it why cant the gov:huh: but your only thinking about yourself here a bit like the gov:hihi:. anyone in this country who thinks its ok for a millionaire to pay less tax than a cleaner/nurse needs seriously looking at .

[truman]

it wouldnt it would bring down your debt, if its easy for you to understand it why cant the gov:huh: but your only thinking about yourself here a bit like the gov:hihi:. anyone in this country who thinks its ok for a millionaire to pay less tax than a cleaner/nurse needs seriously looking at .

 

Who thinks that?

[alteredgemed]

How does this realate to the tax rates?

 

The reason we are taxed heavily by the government is because of the fraudulent debt we are told we owe, so who do we owe it too?

 

---------- Post added 05-12-2012 at 17:58 ----------

 

Who thinks that?

You do..........

[andygardener]

The reason we are taxed heavily by the government is because of the fraudulent debt we are told we owe, so who do we owe it too?

 

Whoever buys government bonds. Other governments, financial institutions, pension funds, even ordinary Joe public.

[I1L2T3]

The increase to 50% decreased it...I'm not arguing one way or the other..just saying what happened when the 50p rate was introduced..the tax take from those people dropped..

 

"In the 2009-10 tax year, more than 16,000 people declared an annual income of more than £1 million to HM Revenue and Customs.

 

This number fell to just 6,000 after Gordon Brown introduced the new 50p top rate of income tax shortly before the last general election"

 

 

http://www.telegraph.co.uk/news/politics/9707029/Two-thirds-of-millionaires-left-Britain-to-avoid-50p-tax-rate.html

 

Where are the official stats that prove that the tax take reduced when the 50p rate was introduced? That article doesn't link to any, it's just based on an assertion from a Tory MP.

 

Also, the article quite possibly has the most misleading title I've ever seen. There is no evidence in the article that the millionaires left the country but it does say this:

 

'It is believed that rich Britons moved abroad or took steps to avoid paying the new levy by reducing their taxable incomes'.

 

Again, no evidence that they left. Only that they may have changed their tax planning. Not quite the same thing are they

 

Quite possibly one of the worst and most misleading articles I've read for a long time.

[S10mainly]

Why does it bother people so much what the "rich" pay in taxes?

[Mr Bloom]

Because the tax take from the extra 50p tax rate was costing more to administer than how much it was taking.

 

 

Not true.

 

Finally benefits have not been cut, just that they will rise 1% (so a cut in real terms maybe), however with many people having to take a pay cut to stay in work it seems fair enough.

 

No, it doesn't seem fair enough to me, that those struggling to put food on the table and stay warm are hit hardest whilst those with the most get tax cuts, not at all. And it doesn't seem fair that those who are working hard and taking pay cuts should be having their hard earned taken off them to give to the richest people in the country. Actually it is immoral and it stinks.

 

 

 

 

How about all the public sector stop moaning when the jobs are cut. The govt. already overspends hence having to borrow. They can't afford to cut taxes.

 

 

Make your mind up.

Edited December 5, 2012 by Mr Bloom

[MikeOnline]

Taking off the poor to pay the rich......Nawt new here...