tag:blogger.com,1999:blog-2948538160252327076.post3583506191152386915..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: Stealth taxAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2948538160252327076.post-44722981644093782952008-07-06T09:58:00.000+01:002008-07-06T09:58:00.000+01:00So wages are taxed at 52% at the higher level whil...So wages are taxed at 52% at the higher level whilst capital gains is at a flat rate of 18%, with perverse incentives like these no wonder we've experienced a housing bubble.<BR/><BR/>ChefdaveAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-68368343883038597342008-07-06T00:08:00.000+01:002008-07-06T00:08:00.000+01:00"lenient" not "lentient", obviously."lenient" not "lentient", obviously.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-91981931877158970212008-07-06T00:01:00.000+01:002008-07-06T00:01:00.000+01:00This comment has been removed by the author.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-81700798029193523612008-07-05T22:34:00.000+01:002008-07-05T22:34:00.000+01:00Someone straight out of university might find them...Someone straight out of university might find themselves paying at the margin: 20% tax, 11% national insurance, 9% student loan repayment and, say, 4% pension. Total 44%. Oof!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-60413536440391627072008-07-05T22:09:00.000+01:002008-07-05T22:09:00.000+01:00And it's disgraceful that there's even a higher ta...And it's disgraceful that there's even a higher tax band. Why on earth should one person have to pay so much for for public services than anybody else? Might as well charge them more for food and energy too, just to make it clear its about discrimination.<BR/><BR/>NickAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-63296441004779630772008-07-05T22:02:00.000+01:002008-07-05T22:02:00.000+01:00Rightly considered, the AVERAGE wage earner is a 4...Rightly considered, the AVERAGE wage earner is a 40% taxpayer. Consider the effect of employer's and employee's NI as well as income tax: the total deduction, expressed in relation to gross funds earmarked for employees' remuneration before all these imposts, is 40.6%.<BR/><BR/>Then you can add the effect of all forms of purchase tax, council tax etc.<BR/><BR/>No wonder we can't get anywhere, honestly.Sackersonhttps://www.blogger.com/profile/09410040031410954403noreply@blogger.com