Tax increase 'will harm middle Britain'

[Gan]

Middle income families are being hit hardest by Gordon Brown's taxes (http://www.telegraph.co.uk/news/main.jhtml;jsessionid=UZA3STXONCE0RQFIQMFSFFOAVCBQ 0IV0?xml=/news/2007/03/02/ntax02.xml) which will rise to their highest level for 25 years in two years' time, an influential think tank claims today.

The report from Reform, a centre-Right group, warns that the Chancellor must cut taxes and spending in this summer's Comprehensive Spending Review or "take the UK backwards in the next decade".

Its report reveals how middle income earners are paying more tax as a proportion of their disposable income.

A household receiving £28,000 a year in disposable income pays 47.9 per cent of that in tax, while earners in the top income bracket pay 46.9 per cent.

more..
http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/03/05/ntax05.xml
__________________________________________________

Holy shit! Is this true?

For that much tax, they had better be making house calls for healthcare and sending a private teacher home with little johnny for education.

:spaz:

PS. You can skip sending the Doc for my housecalls, just send the hot sexy nurse with fishnet stockings so she can snuggle up to me and say "Oh Daddy" in that sultry British (or Irish/Scottish) accent. :drool: Did I mention I like red heads? Will there be an extra tax for that?

[Nieninque]

I cant see how that is true.

My income tax works out at around 17% of my salary. National Insurance at 9%.

Now if they are including shit like council tax in that as well, then yeah, it is possible it could reach closer that figure, but not from Income tax alone.

[Nieninque]

It also is worth noting that the Torygraph is a Conservative biased snoozepaper.

[StrayRogue]

Agreed. Telegraph ain't worth wiping your ass with.

[Gan]

Not that I'm arguing the paper's reputation, but does that mean that the numbers represented in the story are wrong? If so where?

Enlighten us non-universal healthcare indivuduals on the other side of the pond.

[StrayRogue]

The word "claim" springs to mind. That and no single other worthwhile news source is claiming the same. In fact the only thing I can find about such things today is how rich buisnessmen have been funding US and UK movies to avoid paying more tax.

[Nieninque]

A household receiving £28,000 a year in disposable income pays 47.9 per cent of that in tax

I missed this first time around, but if your disposable income is £28k pa, your gross pay (which income tax is based upon) is a damn sight higher than "middle income"

[Tsa`ah]

I cant see how that is true.

My income tax works out at around 17% of my salary. National Insurance at 9%.

Now if they are including shit like council tax in that as well, then yeah, it is possible it could reach closer that figure, but not from Income tax alone.

Now is that for a grand total of 26%, or is that 17% with 9% going toward health coverage? I'm sorry, but 26% going toward taxes is incredibly reasonable if it covers education and health care.

Consider that the average US citizen pays around 20% and doesn't get much for it.

[Miss X]

I pay 22% Income tax I think. Pretty fair considering I've had fantastic treatment from the NHS. Example.. I've seen a consultant haematologist twice in the last month within days of my GP (family doctor) referring me. I had every scan and test I needed, a quick diagnosis and great treatment. It was all free. (Well, besides me paying my taxes for it!)

I also had a free education, and I was actually paid a grant to do my Nurse training/Masters degree.

Also, 28k disposable income is WAY WAY above what a normal British family would have.

[Back]

Wow. I figure I pay close to 33% of my income in taxes PLUS all the taxes involved with purchasing goods.

[Keller]

28,000 quid = $54,000. That's dealing in disposable income.

Considering SS, Fed Income, and state sales tax of 9%, to get $54,000 you'd need about 90k taxable income, meaning you'd have 95k income, assuming only the standard deduction.

95k to get 54k in disposable income means you pay about 44% of your income in taxes.

This is of course assuming an unsophisticated tax-payer who is incapable of taking advantage of even simple tax advantages. I'm sure the Torygraph also made these same assumptions in their criticism of the new tax system.

[TheEschaton]

Fuck, I wished I paid that little in taxes.

-TheE-

[Gan]

Fuck, I wished I paid that little in taxes.

-TheE-

Capital gains taxes, a Democrat politician's best friend.