British Tax:Families with one bread-winner pay highest tax in developed world of - 73 PER CENT

Originally posted by michael1983l
reply to post by VoidHawk

 

Ahh I failed to see your point, yes we are subsidising the likes of Tesco's with benefit top ups on minimum wage. And it has to stop. Minimum wage should be that of a wage that you can actually live on without any help.

Can you imagine explaining this to employers when they ask if your interested in a 7.5 hour contract or the 16 hour contract on minimum wage in a interview. a lot of the retail chains are only offering small contracts these days with a possible top up of extra hours. you can't live properly of minimum wage as it is doing a guaranteed 30 hours plus, but a lot of places are now only offering small contracted hours. if your a couple you need 24 hours between you to claim working tax credits, if you are contracted to less you will more than likely have to prove your doing more by saving wage slips over a 3-6month period proving you work more than the contracted 7.5/16 hours.

if you have put a claim in, in this time fore help with housing benefit there is nothing they can do until they know your total income so if you have a claim for working tax credits being sorted then you will have to wait for that to be sorted before them deciding if they can help.

by the time it is all sorted your in debt and on the verge of eviction due to not being able to afford rent without tax credits and a bit of help from housing benefit. but you've had to wait up to 6 months for that help simply because your contract says 7.5 hours even though you have been working 28 hours every week since you started.

everything is messed up in this country. everything. I'm all for everybody having jobs, but the focus only seems to be on that and none is put into whether a person can afford to live of it.

then they wonder why there are some unemployed people who think they are better off where they are.

Originally posted by michael1983l
Yes thats right, your read it right, single earner families in the UK with 2 adults and 2 children pay a whopping 73% in tax.

Thatis very misleading - it is not true that all such families pay 73% - at worst the 73% is the marginal tax rate between UKL50,000 nd UKL60,000 income

and they love thier health care system so much they gave it a tribute in the olympic opening ceremonies....

Originally posted by syrinx high priest
and they love thier health care system so much they gave it a tribute in the olympic opening ceremonies....

I would pay double the NI/Tax if it meant maintaining the current free healthcare in the UK. It should be a basic human right. Funded by the taxpayer or not. Better to fund the care of fellow man than to fund the military to the tune of $1tn+ per year to drone strike Pakistan.

reply to post by Morgil


o.k. i take back my previous statement, not everything is messed up in this country, thank you for reminding me there is something in this country that is very good.

it helps families to care for loved ones who without warning suddenly need life saving treatment and medication, and there is no delay and no huge bill afterwards regardless of your income bracket.

Has anyone do any reading. Socialism just does not work never will so get out of it. Pay for your own insurance and get better service and you will be paying less as well. You are paying more because there are a lot of freeloaders in the UK and other countries that have Socialistic ideas in their government. The US is next and the people here are just as stupid thinking that they will all get free insurance health care. People never learn.

Originally posted by VoidHawk

Originally posted by michael1983l
reply to post by VoidHawk

 

Ahh I failed to see your point, yes we are subsidising the likes of Tesco's with benefit top ups on minimum wage. And it has to stop. Minimum wage should be that of a wage that you can actually live on without any help.

We seem to have lost our way when it comes to wages. We are now taught that we should all "pay our way" through life, and that I agree with, but were also being taught that we shouldn't expect any more than that.
If I work for a company who's profits are in the billions, and I work a full week, then I expect that company to pay me a wage that not only allows me to survive, but also enables me to save money for holidays etc, afford a mortgage and live comfortably.
Sadly I see the day coming where we all have to work and we'll be paid with credits that give us our food entitlement and somewhere to sleep, and nothing else!

We are slaves.

Guessing you got that concept from this? www.channel4.com... ?

Hehe, I agree as well, certainly headed towards something like that if we dont change things very soon.

reply to post by happyzodiac


it works in some cases and not in others. the reason nothing ever seems to work is because there is always a system that wants it all one way or the other.

This is looking bad of the Brits


Time to bring in the ringer.

[atsimg]http://files.abovetopsecret.com/images/member/008b4eb31160.jpg[/atsimg]

Cheer up he'll make appear like it's a paradise compared to the US and that you should be grateful!

Originally posted by Aloysius the Gaul
A slightly for factual article is on this British money/budgeting site

The issue is that as soon as one parent is earning more than £50,000 the system will start to claw back benefit payments through the tax system. For every pound more than £50,000 that you earn (up to £60,000) more and more of the benefit is clawed back.

Accountants Smith & Williamson did the maths for The Telegraph and discovered that everything you earn between £50,000 and £60,000 is effectively taxed at 52% if you have one child. If you have four children it is taxed at a staggering 73%. That means 73p in every pound you earn goes straight to the government. That's far higher than the rate on a millionaire's income - even if he or she pays their taxes!

So for starters you ahve to be earning UKL50k per annum - which is a decent amount.

And the 73% is not the tax rate on the total income - it is the marginal tax rate on earnings from UKL50k to UKL60k

It is pretty weird - but it is a common "trap" when people earning more money start losing govt benefits that are aimed at lesser incomes.

As America leans more towards a european-style nation, I see this being the standard. Instead of less taxes levied on the populace, we'll only see more.

To see any significant change in the UK, we'd have to be looking at a revolution.

reply to post by beezzer


We'll never get a revolution taking us that way though. It's not just the Socialism but coupling it to Democracy that is the problem.

The freeloaders on long term benefits and people living in council houses (social housing) will NEVER vote for a party that is proposing taking measures necessary to sort the country out.

Look at the 13 year run of 'New Labour' we just had. As an example look how they sold off our gold cheap and gave the proceeds to 'single mums' and other such groups in the form of benefits.

Originally posted by happyzodiac
Has anyone do any reading. Socialism just does not work never will so get out of it.

It's nothing to do with socialism. Those are liberal issues. And...

"Liberalism is not socialism and never will be" Winston Churchill

But as The Gaul keeps explaining the 73% tax is misleading. They don't pay 73% on their whole income. That would be ridiculous, and I have no doubt those workers would not put up with it if they did.

reply to post by michael1983l


The study is wrong the government/banks get all your money back....100% of it...

You are paying more because there are a lot of freeloaders in the UK and other countries that have Socialistic ideas in their government. The US is next and the people here are just as stupid thinking that they will all get free insurance health care. People never learn.

reply to post by happyzodiac


Next? The US has been "next" for the last 20 years apparently...

reply to post by michael1983l

i think more along the lines of

"its time for a revolt from ALL government's."

its not just a UK, or US thing... all of them are going to
the crapper and taking the hard working normal folks
right along with them.

Capitalists take more from you, surplus value, than the government does.

Just got to wake up to the reality of capitalism.

Surplus value and exploitation

Wal-Mart gives a prime example of the great polarization between these two classes. Wal-Mart employs around 1.4 million people in the U.S., and most employees make $7.50 an hour. If every employee worked 8 hours a day for five days a week, Wal-Mart would pay a little over $20 billion each year in wages.

In 2002, Wal-Mart sales totaled $217 billion and their costs were $207 billion (including the wages paid to workers), leaving an additional $10 billion. Where did that extra $10 billion come from? It came from the hard labor of the workers. Instead of going to the workers, it goes into the pockets of Wal-Mart's owners as profit. A basic principle of economics is that labor produces value.

What is capitalism?

Originally posted by DarthMuerte
Are your "free" benefits really worth the cost?

Its the stock holder whom profits in the end from "free" benefits. The reason so many employers can keep minimum wage so low for so long is that the bill is footed by whom pays taxes in the form of government assistance that people on minimum wage require.

disgusting ,

yeh the hammer needs to fall hard on the corporations that use the uk market !

Starbucks are evil , they declared a loss in the UK last year and so didnt pay any tax
they also waste billions of gallons of water each year

all the mobile phone companies and other big companies probably give a nice handshake and a small
payout to whoever is investigating them from internal revenue and thats it deals done !

meanwhile we pick up the bill

yet another thread meant to confuse folks and get them angry. Let me state this quite loudly and clearly:

NOBODY IN BRITAIN PAYS 73% TAX ON THEIR GROSS INCOME

There are instances where MARGINAL tax rates on SMALL BANDS usually called "traps" are significantly higher than the net tax rate.

This article came from the very right wing Daily Mail wowee such purveyors of openess and truth, that paper would never ever mislead people.........yeah right !!!!!!!!!!!!!!!!!!

Don't get me wrong I think the whole tax and benefit system has grown so many exceptions and exemptions that it is no longer fit for purpose and is open to abuse......you may have noticed!.

it all needs scrapping and replacing with one single system of universal tax rates and universal state allowances that eliminates all loopholes (so so simple accountants would be unemployed). It is devistatingly simple to do BUT it eliminates the ability of certain sections of society to legally avoid tax. This is why such a sytem will never be implemented. The wealth of the rich needs tax to be paid by the poorer PAYE folks.

Originally posted by DarthMuerte
Are your "free" benefits really worth the cost?

Why don't you look at some of the countries with lower tax, you'll notice they have a great number of benefits and social programs.

Sweden, Norway, etc.

Instead of focusing on the UK to suit your agenda. Your correlation is a fail and everyone who starred you is a fail