Where does your toddler go to nursery because £1600 a month seem ridiculously expensive for 4 days week unless it's London. That's £100 a day when a lot of places around this region would vary from £45-£60 for a full day.
They're welcome to leave. Most of them are privileged rather than high skilled. Someone else can easily take on their job and salary and therefore cover the tax burden.
I was just thinking the same. A quick look at a new build 3 bed semi in Barnsley with a purchase price of £254,995 will cost anything between £1230-£1450 a month with a 20% deposit. Of course there are cheaper properties out there, but I wouldn’t say that type of property is overly extravagant.
Ill leave it at this, the piss off was aimed at the green party proposal in the OP. Tax the £150 k earners more not the 50k workers, tax the compainies making billions in profit each year, blame the people who can work but wont, blame the theives amd cheats, blame the mis spending by local authorities, blame the useless government mis management of our economy, blame the stealing banks but to be appalled by my post. Jesus.
This is a difficult and clearly emotive (understandably) topic. I've worked all my life in jobs in finance, seeing people's budgets day in, day out, how much people earn and so on. I've spoken with many thousands of people that are in debt, have serious financial difficulty and have needed help. So I know how hard so many people have it. I'll try not to upset anyone but I can't promise! Opinions will massively depend based on one's own income of course and personal circumstances, such as size of family. £50k for a single parent with 3 kids that they need to use childcare for vs husband and wife earning £50k each with no kids, is a completely different story. Of course, a £50k income will seem enormous, and a pipe dream, or at least something far in the distance for many people. Completely understandable. But to those on £50k, who naturally have bigger mortgages amongst other things, it isn't necessarily a lot (again, see context above). Of course people on £25k will say 'if you're that short each month, just buy a cheaper house, or downgrade your car, or stop paying for Sky'. I get it. But people buying property almost always aspire to own the best house they can in the best area they can. Although there isn't a clear answer to this, no definite right or wrong for me, as explained above, my personal thought is that £50k is a good income (again, depending on overall picture), but given the cost of everything now, for me isn't enormous by any means. It probably was 5 years ago, with 1.5% interest rates, energy bills half what they are now, food probably 40% cheaper overall (guess there, but my shopping bill has increased astronomically since Covid, I'm sure I'm not the only one!). I think it's slightly unfair to suggest that if people have a gym membership and go on a modest foreign holiday once or twice a year that they must be on a big income, or that they should be charged more NI as obviously they earn too much. I don't feel it's unreasonable to have the odd luxury expense in life without having to have even more of your income taken away. Don't forget as well, the Tory stealth tax over the last few years - the income tax thresholds not moving, tax free allowance not moving. Considering wage growth, this is costing people a lot more in tax and for many dwarfs minor reductions in NI. Sadly, the state the country is in right now, I feel that £50k (although above the national average), really isn't what it used to be and whilst being a good solid income, most certainly doesn't mean those people can live a life of luxury. Which just goes to show how hard it is for the millions on minimum wage and anything below £50k, and what an amazing job most of those people do to make ends meet and provide for their families. **EDIT** I should add... my opinion is that all the tax and NI that most of us already pay needs to be used more wisely and more efficiently throughout the economy, rather than the easy option of keep taking more and more off people. The majority of people are already struggling, whether on £25k or £50k.
Surely people on higher incomes already pay more tax and NI? It's a percentage... and rises when over £50k approx.
If the rich choose to spend every penny In Having the absolute best that money can buy then it doesn't matter if you set the tax bracket at 50 grand or 500k, the people on it will complain because their Lamborghini and 12 bed mansion costs all their obscene salary to run. Got to set it somewhere and 50k IS rich regardless of what they say. It's only a problem for them because they CHOOSE luxury that others can only dream of. It's selfish, pure and simple and it's greed
That is a shame and you no doubt deserve more for what you do and i have the utmost respect for those people who can work and work hard but the thread is about taxing people who earn £50K more and thats not the threshold that should be paying more than they already do.
Both and i dont believe anyone should until they get to the threshold of pau where it doesnt really impact their lives by paying more.
You're entitled to that opinion mate and yes some people are greedy. I think you'll find it difficult to find many people on £50k a year owning a mansion and a Lamborghini though. I think you're confusing the mega rich here on hundreds of thousands a year, with people on a healthy but unspectacular income in this day and age. I don't feel that someone that earns £50k wanting to live in a slightly nicer area of a town being greedy. I also think that it's good for people to be ambitious and try to progress in a career in order to afford a better standard of living for them and their families. If incomes around £50k-£75k say are taxed a lot further, where's the incentive to try and earn more?
Of course it isn't. I was on £22k a year myself until about 2.5 years ago, so am fully aware how far (or not) such a salary goes. Still doesn't mean that I think £50k is an enormous salary.
Yes, of course they do. I was suggesting rather that there needs to be a discussion about altering the tax system and asking some people to pay more rather than constantly have the discussion about cutting taxes as the Tories like to do. The Greens at least have introduced the topic. Hopefully it gets some traction, but I suspect it'll be ignored just like brexit gets ignored.
It's a percentage. Good lord. You don't go into a higher wage bracket and earn less. Please at least be honest.
