Quote:
Originally Posted by Ramrod
Personally, I think that taxing different people different amounts is unfair. Fair would be to tax everyone the same (% of income)  |
The way to look at is wage persentage increase its been shown its very unfair system as 2% wage increase at the bottom and the top is too unfair. It can often mean bottom gets £5 top gets £500. If they want unfair wage rise then they should accept unfair tax system.
Equally tax on straight edge would be equally unfair too as it would impack more at the bottom rather the top.
There no easy answer to it. I think wage increase should be fixed X amount say example everyone gets as example £20. Now the wealth distrubution stays constant £20 worth more to bottom than the top but its fair system. However its more difficult to do this to taxation.
Personally the government needs to tax the root making it less easier for those top stop taking there funds creating ways to stash it to avoid the tax.
The duty is another way creating more loops hodebodge the tax system even further more simplistic system needed. If Mr X gets money from X business its taxed. If he gets percentage in shares its taxed if its a bonus its taxed. They could find it hard to try avoid the taxation if its at the root of funds taken from his company.
Now how do represent fairness to system. Well would say 12,000 no tax that goes with all of us. from then escelates in scale to that range More ranges of escelation then system much fairer less likely to feel being ripped off. There nothing fundalmetaly wrong with top bracket if the escelator more fairer. Less to worry about dont think margin biggie someone who earned lets say 200k hardly going panick 40 or 50 if the escelator right.
More stages to the taxation brackets new top end.
Just example no all income would be worked such someene earned 200k his first 12k of that no charge. 12-15 5% would take upto 27k that earnings. Fairer system to have more scales to the tax..
12.000 no tax
15,000 5%
20,000 10%
25,000 15%
30,000 20%
35,000 25%
40,000 30%
50,000 35%
100,000 40%
150,000 45%
200,000 50%