COVID-19: Those earning above £19.5k should pay more tax after pandemic to help fix UK finances, says think-tank

[Botchie]

Fair enough, but make sure our pension pots aren't hammered. Also crackdown on those abusing the tax and benefit system's.

 

[FootballFan]

The well off are going to have to pay more tax, it’s unavoidable. I think 19.5k is too low to start increasing tho.

this

 

[Botchie]

The well off are going to have to pay more tax, it’s unavoidable. I think 19.5k is too low to start increasing tho.

Agreed. For the vast majority both household incomes will fall into the bracket. Why should people pay twice?

 

[Charlestonian]

That’s definitely on the low side to be starting, I’d say anyone earning over the national average wage would be a fairer place to start.

 

[Hank Scorpio]

I’d be surprised if we saw tax rises anytime soon as the Govt will want people to spend as much as possible. I expect the triple lock etc to go and go pretty quickly though.

 

[JL1985]

Everyone should have to pay.

 

[Ciro_DiMarzio]

They could ask the banks to chip in and give us some of our money back off a decade a go.

 

[Chalks]

The 2 million people on minimum wage aren’t on that.

National Minimum Wage Statistics - House of Commons Library

This briefing looks at trends in the value of the UK National Minimum Wage, the number of jobs paid at the National Minimum Wage and how the National Minimum Wage compares internationally.

commonslibrary.parliament.uk

All in this together !! All take same percentage hit. Couod argue the larger earners took a bigger hit

Fine by me but not at that cut off. Probably closer to the 25k I reckon

Why? Why not everyone pays same percentage

 

[Botchie]

Some of these big tax dodging companies should be chased too.

 

[Chalks]

19.5k is fuck all, it’s barely above minimum wage. Tax the people earning 60, 70, 80k if you’re going to tax someone

Why should they take the brunt? When they mostly likely been hit harder if they where furloughed ? From 4-5k a month to 1800?

That’s definitely on the low side to be starting, I’d say anyone earning over the national average wage would be a fairer place to start.

Again why’s that fair ? Fair is everyone surely?

 

[Botchie]

I’d be surprised if we saw tax rises anytime soon as the Govt will want people to spend as much as possible. I expect the triple lock etc to go and go pretty quickly though.

That's why I think the recovery will be pretty quick. I can see loads of people holidaying in this country, buying new cars and doing home improvements this year.

 

[Gaggoears]

Why should they take the brunt? When they mostly likely been hit harder if they where furloughed ? From 4-5k a month to 1800?

Again why’s that fair ? Fair is everyone surely?

Fair ? Stop it chalkie.

 

[bennett83]

19.5k is fuck all, it’s barely above minimum wage. Tax the people earning 60, 70, 80k if you’re going to tax someone

They already pay a ridiculous amount of tax

 

[Gaggoears]

They already pay a ridiculous amount of tax

 

[Chalks]

Fair ? Stop it chalkie.

I just think it should be across the board, happy to pay my bit, but everyone should , we all have been in this together so don’t see why as always the higher rate payer takes the hit and others don’t and spend on fosters

They already pay a ridiculous amount of tax

This.

 

[Botchie]

Let's not forget our wonderful council have already exercised their right to implement the maximum 5% council tax increase.

 

[safccfas]

Your thoughts on this?

news.sky.com/story/covid-19-those-earning-above-19-5k-should-pay-more-tax-to-help-fix-finances-12130088

How should the debt be clawed back? What would you do if you were government to raise the money?

those who received furlough payments should pay more than those that didn’t. Unpopular opinion but the correct one. Why should those teachers, nurses, police, supermarket workers etc cover the cost of all the ‘free’ money that has been fished out

Maybe getting large multi nationals making obscene profits, such as Amazon, to pay their fair share of tax would be a start.

this as well. Absolutely

Convert furlough payments to loans to be repaid over the working life, ala student loans

100% percent this should have been the deal.

 

[The Beautiful Game]

19.5k is fuck all, it’s barely above minimum wage. Tax the people earning 60, 70, 80k if you’re going to tax someone

People live within their means. It’s not like people earning those figures will have the equivalent in disposable income. They’re already paying 40% on a decent sum of that as well. If you apply it across the board most people won’t notice the difference.

 

[safccfas]

19.5k is fuck all, it’s barely above minimum wage. Tax the people earning 60, 70, 80k if you’re going to tax someone

why? I pay enough tax thanks.

 

[Frijj]

Why should they take the brunt? When they mostly likely been hit harder if they where furloughed ? From 4-5k a month to 1800?

Again why’s that fair ? Fair is everyone surely?

Sorry like but if you’re taking home £4k a month you can chip in a bit more.

Now, in reality very few posters on here will be on those kinds of figures, but since this is the SMB and everyone has a brand new Mercedes, a six-bed in SR6 and kids at private school, I’m sure there’ll be lots of faux outrage.