09-05-2021, 11:27 AM
(This post was last modified: 09-05-2021, 11:28 AM by EastMidsBaggie.)
Very difficult subject and, hence, why short term governments always kick it down the road.
Needs some real radical thinking rather than just taking the easy NI route which just taxes income.
What about taxing wealth (so many people are just amassing great wealth from just asset inflation or inheritance without earning it (South East especially gains from this), how do the self employed figure in this ?
Yep, if that anomaly continues with an increase in the lower rate then that really would be a kick in the teeth for the 'average Joe'.
Needs some real radical thinking rather than just taking the easy NI route which just taxes income.
What about taxing wealth (so many people are just amassing great wealth from just asset inflation or inheritance without earning it (South East especially gains from this), how do the self employed figure in this ?
Ossian Wrote:NI presently drops to 2% on earnings slightly over £50,000. If the government really thinks NI is the solution that will surely have to change, otherwise a disproportionate contribution will be coming from the lower and middle income groups.
Typically, there is no real strategy here; just a rushed and overdue response to a situation about to cross the threshold from critical to meltdown.
Yep, if that anomaly continues with an increase in the lower rate then that really would be a kick in the teeth for the 'average Joe'.