Nadhim Zahawi?

[JohnD]

Different rules apply to different income types.

Deliberately constructed to enable and encourage dodging.

 

[motorbiking]

Rubbish

 

[JohnD]

It doesn’t matter what your name is, rich or poor, labour voter or Tory, you are taxed the same.

You know that is not true.

The harshest rules are imposed on the ordinary working man or woman.

The most generous rules are reserved for those able to dodge into receiving money as dividends or capital gains.

Shock news, those people are not the poor.

 

[motorbiking]

it’s not true. There are plenty of low income self employed, plenty of people have ISAs., top their pensions up. trade stocks, have buy to let’s etc.

 

[JohnD]

"All taxed the same" my asre.

A person earning £125,140 will pay £42,516.00 income tax and £6,931.33 National Insurance.

You'll notice that his National Insurance rate is lower than the person earning £51,000

However, an investor receiving £125,140 of dividends would pay £32,634 of income tax, and no NI

Unless he held his shares in an ISA, when he would pay £0 tax and £0 NI

 

[JohnD]

"All taxed the same" my asre.

With £50,000 p.a. coming in,

Answers:

1) 20% top slice
Total tax £5,397,413 (calculation can be more complex)

2) 33.75% top slice
Total tax £3707.63

3) Top slice 40%, plus NI
£7,832.00 income tax and £4,907.93 National Insurance.

Bonus answer:
If you receive £52,000 in dividends from shares held in an ISA
Tax is £0


No doubt motorbiking will tell us this is all completely fair.

 

[blup]

The bolox argument that isa’s are no different to tax avoidance schemes. One is government sponsored as part of overall tax policy and incentives to save. The other is government damaging.

Blup

 

[motorbiking]

The person earning 50k pays about 1/4 of the tax that the person on 125k. Are you suggesting it would be good if we had a flat income tax rate. ?

 

[blup]

https://www.dailymail.co.uk/home/index.html

Time for more tax avoidance

Blup

 

[JohnD]

The person earning 50k pays about 1/4 of the tax that the person on 125k.

Not if one receives dividends and the other receives salary. Different again if one receives capital gains.

As you know, the tax rules are deliberately constructed to bear more heavily on the employee.

"All taxed the same" my asre.

 

[motorbiking]

No they aren’t.

You coming up with hypothetical scenarios that are rare to non existent. The fact is you don’t like the fact that some people made different life choices and now have more money than you.

 

[JohnD]

No, I am pointing out that the tax rules have been deliberately constructed to bear most heavily on the ordinary working man or woman.

And most lightly on the others.

Which you know.

Your imaginary and false accusations are irrelevant.

A deliberately unfair tax regime is unfair whether I am a pauper or a billionaire.

 

[Odds]

No they aren’t.

You coming up with hypothetical scenarios that are rare to non existent. The fact is you don’t like the fact that some people made different life choices and now have more money than you.

You can't simply imply people with fewer abilities or entitlements 'make choices' in comparison to priviliged upper class nobs who gouge the tax system to their own advantage. That's absurd.

 

[Odds]

From the disgraced former party chair to the Richard Sharp investigation, government failure stems from a network of private schools and elite universities

There have been two recurring themes in recent political history. Johnson crystallised a sense of rich and powerful people acting with assumed impunity; Sunak, the weak prefect, seems so accustomed to such behaviour that he can’t figure out how to stop it. But this story blurs into something even bigger: a chain of people safely bound into absurd networks of privilege have taken endlessly stupid decisions, knowing that their wealth and connections mean they will never have to worry about the consequences. This is the essential story of how we were led out of the European Union by such privately educated chancers as Johnson, Rees-Mogg, Nigel Farage, Dominic Cummings and the former Tory MEP Daniel Hannan. It also applies to the years of austerity instigated by Cameron, George Osborne and Nick Clegg.

The context for these tragedies remains as brazen and appalling as ever: at the last count, two-thirds of senior judges were privately educated, along with 51% of what the Sutton Trust charity calls “leading journalists”, and 52% of foreign office diplomats. The figure for Sunak’s cabinet is 65%.

JohnHarris@theGraun'

 

[gant]

Always liked john Harris as a journalist, doesn't sit on ar*e but does a bit of old fashioned investigative journalism.