Telegraph Watch

Also, the rich are paying more than their share. The tax system is regressive: as HMRC statistics show. If you earn £10,000, you will pay the taxman 3.6 per cent of your income, on average. Earn £20,000, you will pay 11.2 per cent. At £50,000, it’s 21.9 per cent. It’s only when you’re at £200,000 or above that you pay in the high thirties. That’s why the top 10 per cent make a third of the money, but pay more than half of the income tax.

That’s a progressive tax system, not a regressive one.

14 thoughts on “Telegraph Watch”

  1. I was going to say SJW. I looked at that and thought through PAYE my effective rate with that weaselly named NI it’s over 30% for me which is in between two of the gross figures stated.

    Moronic

  2. Ahhh. You misunderstand regressive. It’s a regressive system until those who earn the most are left with as much post tax income as those who earn the least. Equality!

  3. One thing that leftists and rightists always tend to agree on is that the high taxes should start just above their level of income.

  4. @BiG: not quite.

    Leftists tend to be jealous of people with more money than themselves, and usually define those deserving of being made to pay higher taxes as anyone with c 1.5 times their own income (whatever that may be), thus giving themselves suitable wiggle room in case of a windfall/unexpected promotion etc. Thus a Lefty dustman earning £20k will think anyone on £30k+ deserves to be taxed higher, whereas a Lefty headteacher on £70K will define ‘the rich’ as someone on over £100k. The Left do relativism, not absolutes, as we see from their definition of poverty.

    Rightists tend not to be jealous of people with more money than themselves, and don’t demand that they pay more tax.

  5. Rightists tend not to be jealous of people with more money than themselves, and don’t demand that they pay more tax.

    Presumably because rightists tend to think ‘I wish that were me, and if I work hard enough maybe in time it shall be.’ For lefties, “aspiration” is a dirty word.

  6. @BiW

    It’s the ‘nice car’ thing.

    If I see a nice car I might wish I had one like it. The average lefty will think it unfair that someone else has one and an obvious sign that ‘something’ is wrong with the system and that it’s all a neoliberal plot.

  7. “Rightists tend not to be jealous of people with more money than themselves”
    Bollocks
    “a Lefty dustman earning £20k….” will provoke scorn from an administrator on 19 1/2k. Until you suggest they could cop 20 grand by getting up at 6am to clear other people’s shit.
    When they go all quiet & change the subject.

  8. Hmmm….

    Income £10,000. Personal allowance currently £10,600 p.a.

    My back of a fag packet calculation suggests no income tax at all.

    NIC ? £304

    VAT? Even if you spend the rest of your £9,700 odd on VATable products (highly unlikely) that’s only £1,617 VAT

  9. @ bis
    I am never jealous of people EARNING more money than myself, any more than I am of the lady who (deservedly) beat me by three strides on Saturday. An administrator sitting at his desk ticking boxes and doing nothing that I couldn’t do half-awake after a hard day’s work followed by two or three well-earned pints on the other hand …

  10. @ Social Justice Warrior
    Of course you have good point, but the HMRC stats are the only reliable ones. As I have said umpteen times the lefties’ favourite so-called statistics on total tax incidence aren’t worth using as bog paper.
    We do know that VAT is progressive at lower-to-median-to-jost-above-median income levels but “sin taxes” on tobacco and alcohol and betting are significantly regressive.

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