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19 answers

what on earth would the point in that be?

if you tax people at 80 per cent for earning over 30K per year then those people will fall into a bracket of the lowest earning people in the population and instead of increasing your buying potential there will simply be a vast influx of people who join you in the ranks of the impoverished.

30K per year is a relatively low salary. If you raised your aspirations somewhat you would realise rapidly that with a minimum of effort you could be earning twice that, however that would require patience, a little application and a modicum of intelligence on your part and judging by the ridiculous nature of your question, I'm not sure you have any of these traits in abundance.

2007-01-23 00:35:59 · answer #1 · answered by Diarmid 3 · 4 0

Just want to point out that the guy is asking about a tax band. That means every penny you earn over £30k you get taxed at 80%. Everything under £30k is taxed as normal.

Personally I'd say £30k isn't that much in this day and age. With the stealth taxes in this country we pay about that anyways :)

Over £70k I think there's an argument for it though. But first they should boot out the bueracrats from government!

2007-01-23 08:39:44 · answer #2 · answered by Scar_of_David 2 · 0 0

Not at all for two main reasons (assuming the monies are not recoverable through further and more generous tax credits or abolishment of other taxes such as cap gains, VAT etc):

1. Why should people who choose to work harder and earn more to only be crippled in that way in order to provide tax income that is spend, in part, on benefits for people who can't be bothered to get their fat lazy backsides out of bed every morning?

2. If that happended then you would see a huge braindrain in the UK as people would simply move and work elsewhere. As such firms would relocate and the economy would collapse and society disintegrate as a result, so it is not a good idea.

Any government who signed to this would be signing a death wish to their country.

2007-01-23 08:44:13 · answer #3 · answered by Chris G 3 · 1 0

no.

I'd say the highest tax rate should be be 50%, and it should apply to everyone on more than £100,000 a year with no loopholes, no get-out clauses for people like Philip Green (BHS).

Also, there should be another tax band so that those on £40K pay 40%, and those earning more than £65K would be pay 45%

anyone on less than 40K would pay 30%, and those on less than 25K would only pay 10%

no... no... on second thoughts, how about everyone, everywhere pays a flat rate of 10% ... with no loopholes, EVERYONE pays! Imagine that, everyone with the same burden...

2007-01-23 08:37:53 · answer #4 · answered by Our Man In Bananas 6 · 0 0

you must be joking, 30k per year is not very much, I take it you are a staunch fan of G Brown, he would like that idea no doubt.
On the other hand he is paid far in excess of that.

But seriously, if you want to fuel inflation that would be a damned good way of doing it!!

2007-01-23 08:44:41 · answer #5 · answered by ArskElvis 3 · 0 0

No the government has enough bloody money off everyone already and 30k really doesn't stretch that far!! Mortgage, kids ect

2007-01-23 08:33:46 · answer #6 · answered by janetlouise24 4 · 0 0

Haha!!! you silly sod that means that someone on £30k will take home £6k!!! In which case why work? Why have responsibility and stress when you could flip burders at burger king and probably take home more!?? Basically communism if you ask me

2007-01-23 09:07:21 · answer #7 · answered by Master Mevans 4 · 0 0

that would mean many thousands of people in 'normal' jobs being hit, nurses, doctors. £30,000 isn't that high a salary nowadays, and is considerably LESS than the last time there was a high tax band. So my answer would be NO.

2007-01-23 09:11:08 · answer #8 · answered by mike-from-spain 6 · 0 0

No. Every one should pay 10% There only needs to be one band.
No one ever earns more than £500. The rest is just stupid bonus and greed.

2007-01-23 08:45:51 · answer #9 · answered by EDWIN W 1 · 0 0

Don't be daft....

£30,000 per year... you start paying tax after approx £4500... you therefore pay tax on £25500.00, 80% of that is £20400, leaving you £5100 from your wage and £4500 from the gov, so you live on £9600 a year which is £800 a month... good luck!!

2007-01-23 08:36:50 · answer #10 · answered by robdunf 4 · 2 0

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