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Topic History of: Biden, Tax and Us
Max. showing the last 5 posts - (Last post first)
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robbiex |
Wyot wrote:
[quote]robbiex wrote:
[quote]Wyot wrote:
robbiex wrote:
I agree about Amazon, but I was thinking about slightly increasing employee's salaries at the 50K+ level. Employees wouldn't be affected, they don't pay income tax. They usually pay themselves's the minimum salary about that doesn't incur tax (about £11,000), and then take the rest as dividends at 6% tax. Would people flood out of the country if they had to pay say 3-4% more tax, and have a couple less lattes per week. Highly doubtfull considering what an upheaval that would be.
Do you mean employers wouldn't be affected rather than employees by salaries for those on 50k plus in terms of paying income tax? But who would be paying the increased salaries? - the employers at a time of huge financial uncertainty. May have misunderstood (my Sunday lunch involved wine!) but don't get it Robbie...
My point is that employers don't pay income tax. If they are directors of companies or self-employed, then they usually pay themselves a very small salary (the personal allowance around £11,000), and take the rest of their profits as dividends as 6% corporation tax. No one would be paying increased salaries, I'm not advocating for increasing salaries. This is not a time to increase salaries. |
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Wyot |
robbiex wrote:
[quote]Wyot wrote:
[quote]robbiex wrote:
I agree about Amazon, but I was thinking about slightly increasing employee's salaries at the 50K+ level. Employees wouldn't be affected, they don't pay income tax. They usually pay themselves's the minimum salary about that doesn't incur tax (about £11,000), and then take the rest as dividends at 6% tax. Would people flood out of the country if they had to pay say 3-4% more tax, and have a couple less lattes per week. Highly doubtfull considering what an upheaval that would be.
Do you mean employers wouldn't be affected rather than employees by salaries for those on 50k plus in terms of paying income tax? But who would be paying the increased salaries? - the employers at a time of huge financial uncertainty. May have misunderstood (my Sunday lunch involved wine!) but don't get it Robbie... |
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robbiex |
Wyot wrote:
robbiex wrote:
I think it would be fair to introduce higher taxes for those on higher incomes (£50,000+). Many of them having been living on benefits of £2500+ a month furlough for over year, compared to the £75 job seekers allowance that normal unemployed people get. Someone has to pay for it and the current system of more and more economic growth, higher population and more consumption is not sustainable. We are all like lemmings heading towards the cliff, with this ridiculous system. I include myself in this, I don't need any more money, I can't take it with me, I'd rather use it to build a better society. In the 80s, whilst the uk were paying relatively low tax, making houses more and more out of the reach of young people, people getting fatter and fatter, Japan were building world class rail systems, still way ahead of uk rail systems today.
I think it would be "fairer" if entities such as Amazon were compelled to start paying tax rather than increasing my already high taxes. But I am a selfish bastard, obviously.
On a practical note is hitting the millions of smaller employers a great idea currently?! That won't do the unemployed or low-paid much good...
I agree about Amazon, but I was thinking about slightly increasing employee's salaries at the 50K+ level. Employees wouldn't be affected, they don't pay income tax. They usually pay themselves's the minimum salary about that doesn't incur tax (about £11,000), and then take the rest as dividends at 6% tax. Would people flood out of the country if they had to pay say 3-4% more tax, and have a couple less lattes per week. Highly doubtfull considering what an upheaval that would be. |
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JK2006 |
Absolutely Barney and please take them elsewhere; changing names and URL's do nothing. |
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Margrave |
Wyot wrote:
The WHO do NOT have an opinion on this; it is NOTHING TO DO WITH THEM
My posts simply point out complete falsehoods - such as the above.
By highlighting links which show this - the actual opinion, in this case.
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