Free healthcare and school system isn't free, the expenses are just redistributed elsewhere.
http://en.wikipedia.org/wiki/Taxation_in_the_United_Kingdom#Personal_taxes
Originally posted by SIDIOUS 66
Has anyone here read the Willow novel? I'm wondering if Queen Bavmorta has any other combat-oriented powers besides what she displayed in the movie.
Well talk about a trip down memory lane. My aunt procured the novel for me in my youth: it was a b1tch to find.
I can't remember off the top of my head any powers not displayed in the movie. In fact, all I remember about Bavmorda was her background omitted from the film.
Originally posted by DudleyMoo23
Yea it's 50-55%
Actually it's 45% for anything you earn above £150,000 in a year. Which is the approximat equivalent of $225,000 I think.
I'm sure the idea of rich people getting taxed is a crime to you guys. While your own National Minimum Wage never increases right?
Originally posted by The_Tempest
You favor a flat tax rate, Dudley?
Originally posted by The_Tempest
How progressive of you.
That's probably as far as it goes. I understand how some people might translate a "tax on the wealthy" as punishment for being wealthy but that's ignoring the total burden put on the wealthy with a tax increase, as compared to those of the middle and lower classes.
45% is pretty high, but not completely unreasonable. But the fact is the rich find ways around paying the top rate of tax anyway. So a flat rate probably would work better.
As long as the flat rate starts at a certain level of income though. You can't tax the poorest the same rate as the richest when the poorest hardly have enough to feed their kids while the richest are struggling to pay the cost of keeping their swimming pools warm.
A flat tax is unfair to lower-income people. I don't know your details, LL, but as a poor college kid I qualify for that.
Example:
This McD's budget got mocked a lot. But let's slap a 10% tax on their earnings. 200 dollars less means that the daily spending allowance (for food and clothing) drops from 27 down to 20 per day. Lunch cost me 7.50 for a cheeseburger. PERSPECTIVE
I'm aware it hurts lower income people more. That's why I said I don't agree with it for practical purposes, just ideological. Actually, ideologically, I'm against income taxes as a whole. But I accept their necessity (and inevitability). A lot of my beliefs tend to that. Ideology>practicality or feasibility. I'd rather everyone, regardless of total income, pay the exact same percentage of taxes. Mathematical fairness, if not socioeconomic fairness.
I'd also prefer if reckless government spending and political stupidity didn't exist either, so I guess I'm a retard.
EDIT: $7.50 for one cheeseburger?! Holy f*ck, where do you eat lunch, the Ritz-Carlton?
Originally posted by The_Tempest
Well talk about a trip down memory lane. My aunt procured the novel for me in my youth: it was a b1tch to find.
Is the novel better than the movie? The movie is actually one of my all time favorite films.
Originally posted by The_Tempest
I can't remember off the top of my head any powers not displayed in the movie. In fact, all I remember about Bavmorda was her background omitted from the film.
You mean Sorsha's father being the king of the kingdom that Bavmorda conquered? What were the details on that? Did Bavmorda have an actual love affair with the king, or did she rape him lol? I mean, the woman was a complete psychopath.
Originally posted by Zampanó
A flat tax is unfair to lower-income people. I don't know your details, LL, but as a poor college kid I qualify for that.This McD's budget got mocked a lot. But let's slap a 10% tax on their earnings. 200 dollars less means that the daily spending allowance (for food and clothing) drops from 27 down to 20 per day. Lunch cost me 7.50 for a cheeseburger. [b]PERSPECTIVE
[/B]
This example seems to be the prevalent argument against a flat tax and one I'm all in agreement with. The only response I hear to "an increase on the wealthy will increase their annual tax payments to annual earnings ratio (it's 6 AM this sounds like a first grade wrote it)by an exponentially less number than if it happened to the middle or lower classes" is "yea but."
Alternatively, Russia has a 13% flat tax and it works fine for them. That is if you account for the fact that maybe a few thousand people make money in that country and they're all in the mafia. Everyone else is poor and the country is 3rd world.
I'm aware it hurts lower income people more. That's why I said I don't agree with it for practical purposes, just ideological. Actually, ideologically, I'm against income taxes as a whole. But I accept their necessity (and inevitability). A lot of my beliefs tend to that. Ideology>practicality or feasibility. I'd rather everyone, regardless of total income, pay the exact same percentage of taxes. Mathematical fairness, if not socioeconomic fairness.I'd also prefer if reckless government spending and political stupidity didn't exist either, so I guess I'm a retard.