3 ms·
UK top marginal tax rate right now is 45%. Many people pay it: doctors, lawyers, architects, not just greedy evil bankers with their big bad bonuses. I don't w
by rich_sasha 2y ago
UK top marginal tax rate right now is 45%. Many people pay it: doctors, lawyers, architects, not just greedy evil bankers with their big bad bonuses.
I don't want the ultra rich to have some special mega-tax to tax them for their obscene wealth. I want their effective income to be taxed the same as all these middle class people pay. As it keeps cropping up, they pay much less, via offshore wealth, accounting tricks etc.
I don't know enough about accounting to suggest how this should be done, but to me this ought to be the objective, not some punitive tax, referring to starving children in poor countries.
- Gud 2y agoThe point should be to reduce what doctors and carpenters alike to what the billionaires pay to “the crown”. A 42% tax rate is obscene. A 32% tax rate too. 10% should be the target. I have moved from a high tax society(Sweden) to a low tax society and I prefer it.
- rich_sasha 2y agoI'm not defending the tax rate. I don't like tax, would happy pay less, equally someone has to pay the bill. My point is rather that I want the millionaires to pay the same tax, not some special different one. We already have a social contract saying what people are supposed to pay.
- timbit42 2y agoWhere does the UK top marginal rate start?
- rich_sasha 2y ago125k GBP: https://www.gov.uk/income-tax-rates https://www.gov.uk/income-tax-rates (It's a bit more complicated, but this table is a baseline)