Multinational forced to pay some tax

diy_fun_uk said:
I've frittered my income away over the past 40 years, I have zero savings or investments and rent my property. I'm about to peg it.
Tax office: DAMN!!!
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Or

I've been on average earnings for years, despite working hard. As I was never prosperous enough to buy a house, and didn't have a rich daddy, much of my earnings went on rent and helped make my landlord rich. My pension will die with me. I am unlikely to pay much inheritance tax. Probably none. It's insulting that a retired plumber accuses me of "frittering away" my earnings on housing costs that never end. I see his mortgage was paid off years ago, freeing him to invest his money, and he can leave a house worth half a million to his family free of inheritance tax. It's a shame I wasn't so lucky.
 
JohnD said:
That's because you are deliberately attempting to distort my position.

As you know, I am in favour of you being taxed at the same rate on the money you pull in, not on having preferential rates for different routes.

I refer you to the mince pie conversation.
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You know very well what I am referring to yet you completely avoid answering. Stop being a hypocrite with your holier than thou posts. As well as tax avoidance, you practice question avoidance.
 
JohnD said:
Or

I've been on average earnings for years, despite working hard. As I was never prosperous enough to buy a house, and didn't have a rich daddy, much of my earnings went on rent and helped make my landlord rich. My pension will die with me. I am unlikely to pay much inheritance tax. Probably none. It's insulting that a retired plumber accuses me of "frittering away" my earnings on housing costs that never end. I see his mortgage was paid off years ago, freeing him to invest his money, and he can leave a house worth half a million to his family free of inheritance tax. It's a shame I wasn't so lucky.
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Why was he content to be 'working hard' on average earnings, why moan about not being lucky, sounds self inflicted to me.
 
Mottie said:
what I am referring to
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So you don't want to talk about the fairness and morality of an ordinary working person paying tax at higher percentages than a more prosperous person.
 
JohnD said:
So you don't want to talk about the fairness and morality of an ordinary working person paying tax at higher percentages than a more prosperous person.
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Why are you looking at percentages - it doesn’t work like that and you know it, they are irrelevant. Look at the amounts.

What is more - 99% of £1 or 1% of £100?
 
Its also completely wrong as I demonstrated in my worked examples:

Someone on £200k pays 38.1% income tax, someone on 60K 19.1%, 35k 12.8%.

JohnD wont say what %age he pays - I'd happily share to the nearest 5%
 
Mottie said:
Why are you looking at percentages - it doesn’t work like that
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Yes, it does. Income Tax, VAT, fuel duty and many other taxes are calculated as a percentage.

If I thought you truly didn't know that, I would be amazed at your ignorance and stupidity.

But I know you are only pretending.

I am not amazed at your dishonesty.


Mottie said:
What is more - 99% of £1 or 1% of £100?
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To the man who only has £1, it would obviously be devastating.

To the man who has £100 it would be so insignificant as to be un-noticeable.
 
JohnD said:
Yes, it does. Income Tax………..are calculated as a percentage.
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After a tax free allowance, yes, and then on a sliding scale according to your earnings. Now who's pretending to stupid and simplistic.

JohnD said:
To the man who only has £1, it would obviously be devastating.

To the man who has £100 it would be so insignificant as to be un-noticeable.
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To the man who's collecting those percentages, it’s real money not a paper percentage.

What percentage of tax and N.I. do you pay on your dividends? 20% like those low paid workers you're banging the drum for? No f'cking chance!
 
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Mottie said:
Why are you looking at percentages - it doesn’t work like that and you know it, they are irrelevant. Look at the amounts.

What is more - 99% of £1 or 1% of £100?
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So regardless of how much anybody earns, or has invested we should all pay exactly the same tax amount?

maybe using percentages might be better?
 
When the higher tax rate was cut by 5% the revenue from tax actually rose
 
gas112 said:
When the higher tax rate was cut by 5% the revenue from tax actually rose
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For a number of reasons, including delaying tax payments by high earners. It's hard to point to why it really happened.
 
denso13 said:
For a number of reasons, including delaying tax payments by high earners. It's hard to point to why it really happened.
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8 billion quid was a result no matter the reasons wonder how much was johnD s
 
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