UK Politics Thread (Part 3)

[Dane]

@WeeJoe

Why does Mr B not get personal allowance?

Earns over 100k

[Mascot]

@Dane

So let’s do some simple arithmetic here with the flat rate 12% suggested by @ISMF1

Mr A earns the minimum wage +/- £18500.
Personal allowance is £12570.
He pays 12% tax on £5930 = £711

Mr B earns £200000
Personal allowance is zero.
He pays 12% tax on £200000 - £24000

Yet people wouldn’t be happy with that, want Mr A to pay less and Mr B to pay more?

I thought in @ISMF1’s proposal you just pay a flat 12% on everything?

[Dane]

@Mascot

@Dane

So let’s do some simple arithmetic here with the flat rate 12% suggested by @ISMF1

Mr A earns the minimum wage +/- £18500.
Personal allowance is £12570.
He pays 12% tax on £5930 = £711

Mr B earns £200000
Personal allowance is zero.
He pays 12% tax on £200000 - £24000

Yet people wouldn’t be happy with that, want Mr A to pay less and Mr B to pay more?

I thought in @ISMF1’s proposal you just pay a flat 12% on everything?

It was.
Income tax is part of “everything” isn’t it?

[Flobs]

Dane can’t read!

[Flobs]

12% on all their income would be £2200 not your enormous sum but a gigantesque one!
4 months rent!

[RedWhippet]

@Redbj

you make the mistake of assuming anyone who inherits will become a lazy and mean hearted fucker.

its a great stereotype to cast, but its also unfair.

Trustifarians?

[Klopptimist]

Ghana patients in danger as nurses head for NHS in UK - medics

Didn’t even consider this.

[Arminius]

Chronic problem in development policy - countries remain poor because of low stocks of human capital, often while taking on debt to improve their human capital stock, while individuals migrate taking that human capital with them.

[RedWhippet]

@Klopptimist

Didn’t even consider this.

It’s been a problem as long as there have been medical staff. Just think of how many qualified doctors the UK deprived India of.

[Klopptimist]

True, you don’t consider the impact till it hits home.

[Flobs]

… or you actually think about it and care!

[RedSeven]

The UK always tended to offer better money and more opportunities than a lot of other countries(probably still do),stands to reason more health professionals would head there.Doesn’t make it right but if at some point those professionals were able to return home they would enhance their national health services because of the experiences and training given while in britain.

[Dane]

@Flobs

12% on all their income would be £2200 not your enormous sum but a gigantesque one!
4 months rent!

I suggest you go back to school.
Hard to believe a grown man struggles with primary 5 arithmetic, yet here you are

[Dane]

Flobs cant count

[Mascot]

I think the issue is that ISMF didn’t mention anything about a personal allowance.

[Dane]

Noted that no-one answered my question though

[Flobs]

Oh didums!

[redfanman]

@Dane

It was.
Income tax is part of “everything” isn’t it?

Mr A wouldnt have a personal allowance as that is removed from a flat tax, so your example would underestimate the tax payable by A?

Edit - just saw @Mascot mention this already!

[redfanman]

@Dane

Noted that no-one answered my question though

@RedWhippet kind of pre-empted your question though. There are different reasons why taxing higher earners (or those with more wealth) at a higher rate may be viewed as a good thing.

Flat taxes appear a seductively very obvious and good thing to introduce but the devil is always in the detail.

The most obvious factor is that it will have a disproportionate impact on lower earners purchasing power. As @Arminius said, it also won’t raise as much revenue without being much higher than the initially discussed 12%.

[Dane]

@Flobs

Oh didums!

Keep it up.
Better clowns than you have failed to get a bite