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

Originally posted by Aloysius the Gaul

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

Stop posting common sense and facts!

Originally posted by michael1983lIt is time for a REVOLT against this government, a vote of no confidence and the election of UKIP. We need to leave the leech that is the EU and we need to stop filling the trough's so that fat pig politicians can get them self fat off.

This is plainly unacceptable and needs to change NOW.

Couldn't agree more mate. I've been telling people this for quite some time now.

to the OP: with the remaining money after tax,u also pay VAT on most of the stuff u buy?

Also,how is exiting the EU going to help, as most of the EU has less tax on families, not sure if high tax is due to being in the EU?

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.

A new study shows households with two children and two adults, but only one bread-winner, pay about 73 per cent in tax - made up largely from income tax, national insurance contributions and the removal of some benefits.

It means these families take home just 27p in every £1 earned - up to three times less than families in comparative countries.
In Germany, families pay about 40 per cent tax while the figure in France is only 20 per cent.

www.dailymail.co.uk...


And Dave is busy sat in number 10 wondering why the UK economy is faltering, that is because we have no spare cash to spend in the shops after we have finished paying you. Families in the UK are really struggling, Children are not eating properly and they are going without basic sanitation and clothing. But it is all right, Starbucks and Google don't have to pay any tax because we as a nation are loaded due to the amount of tax I and others pay.

It is time for a REVOLT against this government, a vote of no confidence and the election of UKIP. We need to leave the leech that is the EU and we need to stop filling the trough's so that fat pig politicians can get them self fat off.

This is plainly unacceptable and needs to change NOW.

It's interesting what this article doesn't say, although with it being the Daily Mail I can see why it is spluttering with indignant outrage because that's what the Daily Mail actually does.

Take a look at your wage slip. Unless you are earning over £150K a year, you'll note that you aren't being taxed anything like 73%. Is this about removal/reduction of some child benefits where at least one earner in the household earns more than £50K a year? That's not a tax, it's a change to a benefit. Why do you think UKIP would re-instate that level of benefit?

Originally posted by randomname
how are prince harry, prince william and his bride supposed to support themselves. by working?

buckingham palace just doesn't run itself you know. billions of pounds in the her majesty's treasury has to be there to take care of the entire free loading family, not just herself.

keep working hard, and who knows, the queen might actually wave to you. surely thats worth the highest taxation rate in the world.

Erm, both of the Princes are employed in the armed forces. The 'cost' to the average working person towards the Royal family is less than a pound a year and is limited to the Queen and her consort. Any payment to other members of the Royal Family is actually refunded by the Queen each year - did you know that?

Originally posted by michael1983l
reply to post by VoidHawk

 

Income tax is only one part of Tax, we all pay national insurance if we work and we all pay stealth taxes and VAT. But put quite simply, many families are falling through the safety net. The ones that are earning slightly too much to not receive any government help but not quite enough to live a basic life. Inflation is out of control as is housing prices, we are in the deep mire and this government is so clueless that they are just making things worse.

Sir, I find your commentary refreshing. It comes to mind the British Pound on the World Market.... and for a lot of Americans it only comes to mind when your purchasing something off of the Internet or Ebay or the like, the disparity in the exchange rate. Typically, (not exactly) you find a purchase paid in Pounds is about a buck and a half in USD. when converted. Your points seem to explain the reasons in view of the value or worthlessness of the pound, or more correctly, it's buying power. Frankly, I'm surprised it's not more like 2 to 1, $ verses Pound. I'd also be curious if you hadn't already mentioned it, what Great Britain's Deficit might be. And as a
...related/unrelated... curiosity, what Israel's deficit might be......

I think the royal family help bring in a lot of tourism to the country so we may be paying for them but I think more money comes in from overseas.

I was down near Westminster this weekend and you would have never guessed thee is a recession on !
Westminster bridge was packed with so many tourists.

It hardly seems worthwhile to Not be on some Government subsidy/aid there. What I was getting at previously is that we keep 75 cents, while you keep 25 cents. On a World market Trade platform, that seems barely if not completely unsustainable.

Originally posted by randomname
how are prince harry, prince william and his bride supposed to support themselves. by working?

buckingham palace just doesn't run itself you know. billions of pounds in the her majesty's treasury has to be there to take care of the entire free loading family, not just herself.

keep working hard, and who knows, the queen might actually wave to you. surely thats worth the highest taxation rate in the world.

William does work, he's a pilot in the RAF, his dad pays for Kate's dresses, jug ears (Charles) pays income tax, the Duke of York has a job, as does his younger brother, (the bald one, married to Sophie).

Originally posted by Plotus

Originally posted by michael1983l
reply to post by VoidHawk

 

Income tax is only one part of Tax, we all pay national insurance if we work and we all pay stealth taxes and VAT. But put quite simply, many families are falling through the safety net. The ones that are earning slightly too much to not receive any government help but not quite enough to live a basic life. Inflation is out of control as is housing prices, we are in the deep mire and this government is so clueless that they are just making things worse.

Sir, I find your commentary refreshing. It comes to mind the British Pound on the World Market.... and for a lot of Americans it only comes to mind when your purchasing something off of the Internet or Ebay or the like, the disparity in the exchange rate. Typically, (not exactly) you find a purchase paid in Pounds is about a buck and a half in USD. when converted. Your points seem to explain the reasons in view of the value or worthlessness of the pound, or more correctly, it's buying power. Frankly, I'm surprised it's not more like 2 to 1, $ verses Pound. I'd also be curious if you hadn't already mentioned it, what Great Britain's Deficit might be. And as a
...related/unrelated... curiosity, what Israel's deficit might be......

The UK's trade deficit with the rest of the world is 1.5 trillion English pounds, a deficit that the UK, like the USA will never get paid off.

Originally posted by michael1983l
reply to post by Wrabbit2000

 

It has long been known that the British taxation system has been of the higher variety when compared with the rest of the world, but this is just ridiculous. I can barely afford to feed myself but the government still takes its 73% cut. I hope the system crashes, so that when my kids grow up there will be something different in place. Nothing can be worse than this version of "capitalism".

This has ZERO to do with capitalism. This is 100% socialism at it's finest. Redistribute the wealth from the productive to the non-productive.... Hasn't worked in the past and still hasn't worked to date.

Originally posted by Bearack

Originally posted by michael1983l
reply to post by Wrabbit2000

 

It has long been known that the British taxation system has been of the higher variety when compared with the rest of the world, but this is just ridiculous. I can barely afford to feed myself but the government still takes its 73% cut. I hope the system crashes, so that when my kids grow up there will be something different in place. Nothing can be worse than this version of "capitalism".

This has ZERO to do with capitalism. This is 100% socialism at it's finest. Redistribute the wealth from the productive to the non-productive.... Hasn't worked in the past and still hasn't worked to date.

Redistribution of wealth has nothing to do with socialism.

Originally posted by Bearack


This has ZERO to do with capitalism. This is 100% socialism at it's finest. Redistribute the wealth from the productive to the non-productive.... Hasn't worked in the past and still hasn't worked to date.

Redistribution of wealth has nothing to do with socialism.



So............Redistribute the wealth from the productive (workers) to the non-productive (corporate shareholders)....
your right it has verything to do with capitalism !

Originally posted by Morgil
I really appreciate being harassed if I have underpaid by £20 to HMRC when this is going on...our gubmint sure is looking out for it's people.....

www.bbc.co.uk...
www.managementtoday.co.uk...
www.huffingtonpost.co.uk...

The system is biased in favour of the corporation against the individual, disregarding all sense of morality. I seriously despair for the future of the human race when our "leaders" prioritize mega-conglomerates before the individual well-being/survival.

That's what happens when the Merchant King's run the show and the pleb's play at pretending they are in charge I'm afraid.

Originally posted by michael1983l
reply to post by DarthMuerte

 

The whole system wants tearing up and starting a fresh. It is families like this that the benafits system was designed to protect but it is clearly doing the opposite.

You note that the US isn't too far behind yet offer almost none of the benefits... instead American's tax money goes to the military...

hmm... which is better... healthcare and education... basically free in the UK and hugely expensive in the US... or the military...

And GASP! a right-wing paper complaining about tax rates... amazing!

Originally posted by longlostbrother

Originally posted by michael1983l
reply to post by DarthMuerte

 

The whole system wants tearing up and starting a fresh. It is families like this that the benafits system was designed to protect but it is clearly doing the opposite.

You note that the US isn't too far behind yet offer almost none of the benefits... instead American's tax money goes to the military...

hmm... which is better... healthcare and education... basically free in the UK and hugely expensive in the US... or the military...

And GASP! a right-wing paper complaining about tax rates... amazing!

I think the Mail is only complaining as the changes to child benefit affect their core demographic - relatively well paid people who assuming you believe in a class system are middle class. I think if it was cuts for unemployed people they would probably complain the cut isn't deep enough.

In Canada, with all taxes taken into account, we must work a full eight months per year, just to cover the taxes. We get to keep four months of pay. This a tax rate of 67%.

Slightly miseading headline. But then it is the Daily Mail!

Basically, if there are 2 familes, each of 4 members, and one has no-one at work, whereas in the other family, one member has a job paying 75% of the average national annual salary, then that family is only 27% better off than the first - because the working member pays income taxe etc and the family does not receive all the benefits that the first family receives.

The METR is a measure of how much better off someone is working as opposed to not working.

The reason some countries have a much lower METR is because they pay little if any benefits to families where no-one is working.

So you could argue instead that it shows Britain is one of the best countries in the world when it comes to looking after those who cannot or will not work. Which, of course, most foreigners know already - hence they flock here to claim our benefits.

In his first budget Chancellor George Osborne increased VAT from 17.5 to 20% (A tax which effects even tramps wanting to buy e.g. adult clothing).
In the last budget he reduced corporation tax by several percent, reduced the top rate of income tax by 5%. These are taxes the rich pay.

The problem is Labour (the other major party) loves letting unskilled immigrants into Britain (even during recession), loves giving the EU more of Britain’s money through higher membership fees, and loves people on welfare-housing benefit having to do as little to prove they need. Labour likes borrowing money we don’t have, and ignores what the public wants on so many issues. Indeed they been quite silent in criticising the cuts in corporation tax.

So…
(For now) the choice is between a party that does not represent the people, and a party that does not represent the people.

Originally posted by michael1983l
reply to post by TFCJay

 

You say that, but having a presidency is no cheaper. In fact the Obama administration costs 20 times more than the Royal Family to upkeep. The Royal Family debate is another topic to be discussed else where. What really needs addressing is the straight fact that families are in poverty in the UK and not just lower class families, the middle class are also being dragged into this. There is something plainly wrong about all of this.

" families are in poverty in the UK and not just lower class families, the middle class are also being dragged into this."

am i right in thinking that you think because the "middle class are being dragged into this" it makes it even worse somehow?? personally i dont think because someone has a little more money than someone else makes them middle class or better than someone with a 9-5 in McDonald's a working person is a working person regardless of how much they make the point here is its ppl with a family to feed are the ones being bent over by our goverment and no one really cares enough to do anything about it apart from the arm chair activist who some how thinks complaining about this online makes a difference what does make a difference is the public who will one day grow tired of being repeatedly screwed over by our own limp goverment