Silversnake 1,099 Posted July 22, 2015 Report Share Posted July 22, 2015 JD 20k is a lot less than a million If I was earning 200k per year if the Goverment say the Country needs to raise more tax the only way to get that Fairly is to tax the high earners Average Joe ain't got nothing in his pockets as it is Working folk are having to use food banks Do our Goverment not see this as Shamefull while giving foreign aid to India and Brazil ' these countries can afford space programmes Yes If they need to fill the coffers more millionaires can pay the 40% and still live a comftable life Normal folk cannot afford a penny more than is getting ripped from them as it is. Max, I was using it as a figure of speach matey...OK, use the amount of 2 million.....You've gambled everything, worked like a slave and now your company has made two million. Strike off 400K to take it to 1.6 mil, but hen pay 40% on that and you've for 960K left...you've just given half of what you've earned to the government ...and for what>?? NOTHING. However, Joe Bloggs living next door is working in ASDA,he's earning 12K a year and paying about £400 in tax...... You both get exactly the same amenities......Only you've taken all the risks and gambles and yet you've paid over a million pounds more into the coffers.....is that fair? It can't be? How is it fair to penalise someone for having the nous to make themselves successful and wealthy? I agree with foreign aid, it should be stopped to EVERYWHERE immediately, BUT, and it's a big BUT, on the flip side....how many of the people using these food banks smoke, drink and have iPhones?? I bet it's an awful high percentage! I don't know about the tax laws in uk but there have been stories of billionaires who barely pay a cent in tax over here... I am sure it is the same everywhere, the rich know the loopholes to avoid taxes those on welfare don't earn anything so don't pay tax and the worker who breaks their back every day is also funding both sides through income tax. Overworked, under appreciated and robbed blind, I am feeling depressed right now I better take my dogs for a run... 1 Quote Link to post Share on other sites
dytkos 17,863 Posted July 23, 2015 Report Share Posted July 23, 2015 JD 20k is a lot less than a million If I was earning 200k per year if the Goverment say the Country needs to raise more tax the only way to get that Fairly is to tax the high earners Average Joe ain't got nothing in his pockets as it is Working folk are having to use food banks Do our Goverment not see this as Shamefull while giving foreign aid to India and Brazil ' these countries can afford space programmes Yes If they need to fill the coffers more millionaires can pay the 40% and still live a comftable life Normal folk cannot afford a penny more than is getting ripped from them as it is. Max, I was using it as a figure of speach matey...OK, use the amount of 2 million.....You've gambled everything, worked like a slave and now your company has made two million. Strike off 400K to take it to 1.6 mil, but hen pay 40% on that and you've for 960K left...you've just given half of what you've earned to the government ...and for what>?? NOTHING. However, Joe Bloggs living next door is working in ASDA,he's earning 12K a year and paying about £400 in tax...... You both get exactly the same amenities......Only you've taken all the risks and gambles and yet you've paid over a million pounds more into the coffers.....is that fair? It can't be? How is it fair to penalise someone for having the nous to make themselves successful and wealthy? I agree with foreign aid, it should be stopped to EVERYWHERE immediately, BUT, and it's a big BUT, on the flip side....how many of the people using these food banks smoke, drink and have iPhones?? I bet it's an awful high percentage! Don't forget tattoos JD Cheers, D. 1 Quote Link to post Share on other sites
J Darcy 5,871 Posted July 23, 2015 Report Share Posted July 23, 2015 JD How much are you actually making from your books Your support of the High earners is setting alarm bells ringing here lol I'm not a high earner by any means, in fact, these days, I'm probably a low earner having changed my life quite dramatically over the last five years. But my own personal circumstances are nothing to do with a debate surely? I'm not a high earner by any means, in fact, these days I'm probably a low earner. Life's changed a lot for me in the last five years; less money and more happiness. I'm asking about fairness......that's all.....so answer the questions Max....don't swerve them like a politician.. Why is it 'fairer' to penalise someone for working hard and doing well for themselves? 1 Quote Link to post Share on other sites
Guest ragumup Posted July 23, 2015 Report Share Posted July 23, 2015 If you tax the rich to much they clear off somewhere where they pay less tax and they take their business, jobs ,money etc with them' then the whole of society suffers more, in fact its the main reason socialism makes countries poorer ... Quote Link to post Share on other sites
J Darcy 5,871 Posted July 23, 2015 Report Share Posted July 23, 2015 If you tax the rich to much they clear off somewhere where they pay less tax and they take their business, jobs ,money etc with them' then the whole of society suffers more, in fact its the main reason socialism makes countries poorer ... That is exactly what I was coming round to......... There's actually a little tale somewhere that illustrates it, about guys buying beer and the rich guy buys the most...but I can't find it...do you know which one it is... Quote Link to post Share on other sites
Born Hunter 17,837 Posted July 23, 2015 Report Share Posted July 23, 2015 (edited) If you tax the rich to much they clear off somewhere where they pay less tax and they take their business, jobs ,money etc with them' then the whole of society suffers more, in fact its the main reason socialism makes countries poorer ... That is exactly what I was coming round to......... There's actually a little tale somewhere that illustrates it, about guys buying beer and the rich guy buys the most...but I can't find it...do you know which one it is... How Taxes Work . . . This is a VERY simple way to understand the tax laws. Read on — it does make you think!! Let's put tax cuts in terms everyone can understand. Suppose that every day, ten men go out for dinner. The bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this: The first four men — the poorest — would pay nothing; the fifth would pay $1, the sixth would pay $3, the seventh $7, the eighth $12, the ninth $18, and the tenth man — the richest — would pay $59. That's what they decided to do. The ten men ate dinner in the restaurant every day and seemed quite happy with the arrangement — until one day, the owner threw them a curve (in tax language a tax cut). "Since you are all such good customers," he said, "I'm going to reduce the cost of your daily meal by $20." So now dinner for the ten only cost $.00. The group still wanted to pay their bill the way we pay our taxes. So the first four men were unaffected. They would still eat for free. But what about the other six — the paying customers? How could they divvy up the $20 windfall so that everyone would get his "fair share?" The six men realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would end up being PAID to eat their meal. So the restaurant owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay. And so the fifth man paid nothing, the sixth pitched in $2, the seventh paid $5, the eighth paid $9, the ninth paid $12, leaving the tenth man with a bill of $52 instead of his earlier $59. Each of the six was better off than before. And the first four continued to eat for free. But once outside the restaurant, the men began to compare their savings. "I only got a dollar out of the $20," declared the sixth man who pointed to the tenth. "But he got $7!" "Yeah, that's right," exclaimed the fifth man, "I only saved a dollar, too ... It's unfair that he got seven times more than me!". "That's true!" shouted the seventh man, "why should he get $7 back when I got only $2? The wealthy get all the breaks!" "Wait a minute," yelled the first four men in unison, "We didn't get anything at all. The system exploits the poor!" The nine men surrounded the tenth and beat him up. The next night he didn't show up for dinner, so the nine sat down and ate without him. But when it came time to pay the bill, they discovered, a little late what was very important. They were FIFTY-TWO DOLLARS short of paying the bill! Imagine that! And that, boys and girls, journalists and college instructors, is how the tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up at the table anymore. Where would that leave the rest? Unfortunately, most taxing authorities anywhere cannot seem to grasp this rather straightforward logic! Edited July 23, 2015 by Born Hunter 1 Quote Link to post Share on other sites
Silversnake 1,099 Posted July 23, 2015 Report Share Posted July 23, 2015 If you tax the rich to much they clear off somewhere where they pay less tax and they take their business, jobs ,money etc with them' then the whole of society suffers more, in fact its the main reason socialism makes countries poorer ... That is exactly what I was coming round to......... There's actually a little tale somewhere that illustrates it, about guys buying beer and the rich guy buys the most...but I can't find it...do you know which one it is... How Taxes Work . . . This is a VERY simple way to understand the tax laws. Read on it does make you think!! Let's put tax cuts in terms everyone can understand. Suppose that every day, ten men go out for dinner. The bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this: The first four men the poorest would pay nothing; the fifth would pay $1, the sixth would pay $3, the seventh $7, the eighth $12, the ninth $18, and the tenth man the richest would pay $59. That's what they decided to do. The ten men ate dinner in the restaurant every day and seemed quite happy with the arrangement until one day, the owner threw them a curve (in tax language a tax cut). "Since you are all such good customers," he said, "I'm going to reduce the cost of your daily meal by $20." So now dinner for the ten only cost $.00. The group still wanted to pay their bill the way we pay our taxes. So the first four men were unaffected. They would still eat for free. But what about the other six the paying customers? How could they divvy up the $20 windfall so that everyone would get his "fair share?" The six men realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would end up being PAID to eat their meal. So the restaurant owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay. And so the fifth man paid nothing, the sixth pitched in $2, the seventh paid $5, the eighth paid $9, the ninth paid $12, leaving the tenth man with a bill of $52 instead of his earlier $59. Each of the six was better off than before. And the first four continued to eat for free. But once outside the restaurant, the men began to compare their savings. "I only got a dollar out of the $20," declared the sixth man who pointed to the tenth. "But he got $7!" "Yeah, that's right," exclaimed the fifth man, "I only saved a dollar, too ... It's unfair that he got seven times more than me!". "That's true!" shouted the seventh man, "why should he get $7 back when I got only $2? The wealthy get all the breaks!" "Wait a minute," yelled the first four men in unison, "We didn't get anything at all. The system exploits the poor!" The nine men surrounded the tenth and beat him up. The next night he didn't show up for dinner, so the nine sat down and ate without him. But when it came time to pay the bill, they discovered, a little late what was very important. They were FIFTY-TWO DOLLARS short of paying the bill! Imagine that! And that, boys and girls, journalists and college instructors, is how the tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up at the table anymore. Where would that leave the rest? Unfortunately, most taxing authorities anywhere cannot seem to grasp this rather straightforward logic! That is a good tale, but unfortunately not accurate by my knowledge, no rich man pays $59 of every $100 I spend, if they did I would definitely support that system! Quote Link to post Share on other sites
Born Hunter 17,837 Posted July 23, 2015 Report Share Posted July 23, 2015 That is a good tale, but unfortunately not accurate by my knowledge, no rich man pays $59 of every $100 I spend, if they did I would definitely support that system! They either pay tax or they don't, we can't have it both ways just to suit. If they pay tax then the analogy holds true, if they don't then why all the bloody moaning when they are given a tax break? LOL Quote Link to post Share on other sites
WILF 48,246 Posted July 23, 2015 Report Share Posted July 23, 2015 The same people who allowed the american financial system to become the Wild West have been re appointed and are still in charge today.......unbelievable but true. They are pulling the strings in America along with Monsanto for food production and all the other big corporations........and I have no doubt it works exactly the same here. Quote Link to post Share on other sites
Accip74 7,112 Posted July 23, 2015 Report Share Posted July 23, 2015 There's nothing like reading the THL to cheer you up in the morning.....haha... Quote Link to post Share on other sites
Born Hunter 17,837 Posted July 23, 2015 Report Share Posted July 23, 2015 Anybody ever looked at the North Sea Oil Tax? I'd be bang at the old tax dodging when the figure is %!!!!!!!! Quote Link to post Share on other sites
Silversnake 1,099 Posted July 23, 2015 Report Share Posted July 23, 2015 That is a good tale, but unfortunately not accurate by my knowledge, no rich man pays $59 of every $100 I spend, if they did I would definitely support that system! They either pay tax or they don't, we can't have it both ways just to suit. If they pay tax then the analogy holds true, if they don't then why all the bloody moaning when they are given a tax break? LOL I am sure some rich people pay tax but that analogy is one rich person paying 59cents in the dollar while nine others pay next to nothing. that analogy is BULL#%T made up by some clever capitalist to manipulate idiots. The truth of the matter is workers pay most of the tax which in turn provides the welfare. If you want to reward the greedy for being 'clever' or however you want to sell your propaganda at least use figures that are slightly believable. Quote Link to post Share on other sites
Born Hunter 17,837 Posted July 23, 2015 Report Share Posted July 23, 2015 That is a good tale, but unfortunately not accurate by my knowledge, no rich man pays $59 of every $100 I spend, if they did I would definitely support that system! They either pay tax or they don't, we can't have it both ways just to suit. If they pay tax then the analogy holds true, if they don't then why all the bloody moaning when they are given a tax break? LOL I am sure some rich people pay tax but that analogy is one rich person paying 59cents in the dollar while nine others pay next to nothing. that analogy is BULL#%T made up by some clever capitalist to manipulate idiots. The truth of the matter is workers pay most of the tax which in turn provides the welfare. If you want to reward the greedy for being 'clever' or however you want to sell your propaganda at least use figures that are slightly believable. Not being funny fella but 50% of the tax revenue is made up by the top 10% of earners so I'll stick by my beliefs.... 1 Quote Link to post Share on other sites
Born Hunter 17,837 Posted July 23, 2015 Report Share Posted July 23, 2015 And if we break it down further, 30% of income tax revenue is from the top percentile of earners! So tell me again how they are dodging their fair share? Quote Link to post Share on other sites
Born Hunter 17,837 Posted July 23, 2015 Report Share Posted July 23, 2015 I think this speaks volumes; Top earners were the main target of recent tax increases under President Obama, but the federal income tax system is already highly progressive. The top 10 percent of income earners paid 68 percent of all federal income taxes in 2011 (the latest year available), though they earned 45 percent of all income. The bottom 50 percent paid 3 percent of income taxes, but earned 12 percent of income. From the US Federal Budget, 2011. http://www.heritage.org/federalbudget/top10-percent-income-earners How's that for unsubstantiated bullshit propaganda SilverSnake? Quote Link to post Share on other sites
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