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flat rate tax
Former Member
Posts: 1,876,323 The Mix Honorary Guru
what do you think, personally im not for single rate of income tax, as i personally reckon the rich can afford to pay a higher percentage, where its not stupid anyway
but would you be happy with say tax free up to £12,000 and 25% after that, what limit and % would you set
but would you be happy with say tax free up to £12,000 and 25% after that, what limit and % would you set
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then up to £10,000 you get taxed 10%
why not have tax free up to £10,000, and then 25p in the pound after that
It is a bit regressive though. Maybe they could have a slightly higher bracket for 100k+
I'm lost. The situation is different that you seem to suggest.
There isn't a single rate now. Even after the 25p rate there is still that 40p rate which some of us are on. IMHO there should be a further rate for people earning over £100k or similar...
Seems simple to me.
oh at moment theres the 0% threshold, the 11% one i think it is, and then the 22% one and then the 40% one
countries like poland have implemented it such that theres a high 0% threshold and only one tax rate above it, so its easier to do tax calculations, and easier to enforce, and as a result revenues have gone up
here though its obvious revenues would fall slightly, but the admin saved would be loads, bit too regressive for my liking, as with duty andVAT on top, the lowest paid will pay the highest % overall
Do those other nations have a PAYE system in place? That keeps admin down for those of us who are meployed, rather than self employed...
Me neither.
It would certainly be an incentive, if only as a soundbyte...
that would mean effectively privitsing all non legal bodies etc like the nhs etc etc as the current tax rate effevtively is 40%
Thats becasue your a "Rich Kid" who goes out and spits at anyone less rich than him and expects them to be servants.
So Bitch Kid, what if you happened to get married, have more rich kids, then have your wife leave you and were unable to support the richk ids who wanted their expensive toys without benefits?
Or will you muble on about insinificant problems instead of an answer?
HUH?