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Why do high earners have higher income tax rates than the rest, why not have a flat income tax rate for all?


After the New labor government announced the change in income tax for high earners, I have asked my self why isn't there a flat income tax rate for every british citizen ( for example 30% for all or whatever, instead of different percentages of income tax depending on your income) surely this would be fairer instead of discriminating people who have done well and earned that higher income?

538 day(s) ago

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Answers (9)

LoveDukeDog 		The idea behind a progressive tax rate (as opposed to the regressive, flat tax rate) is that those who make more spend a smaller percentage of their income on necessities and that by taxing everyone at the same rate, the poor, who naturally spend a higher percentage on their income on necessities become even more disadvantaged.

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ujonesla 		So, let's seee....you think Donald Trump should pay the same as me...My income is about $125 per week. I worked my whole life, am now 67 and am trying to survive on my social security.

A family with 4 children to raise (and hopefully get through college) should pay the same as a CEO at a big corporation.

Jeesh...think about it.

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kimkimcpa 		I TOTALLY AGREE THANK YOU THANK YOU THANK YOU!

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DougCPA 		We have a basic rate tax of 30% and we also have an allowance of tax free income per year and only income above that threshold is taxed. That threshold is not a one size fits all and depends on individual circumstances. However, 30% of my £20k per annum income probably impacts more significantly on me than a 50% (after allowances) would make on someone earning circa £150k per annum or more.
Many of us in my income bracket (and lower) have worked hard all our lives but have not had they opportunities/education that the high income earners have had.
I see no valid reason why those who earn salaries that are unrealistic for the majority can not and do not pay more in taxes to help fund things like the NHS.
I have just had a cynical thought.........the rich get richer and the poor get poorer. Not a new saying but, realistically, it is the middle classes who bear the brunt whilst those who can afford to pay more in taxes, generally, don't. I don't consider myself to be poor because goodness knows there are millions worse off than I am but equally there are millions more much more affluent.

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mikebadj 		Look at it this way. Assuming a 30% tax you would keep 70% of your money. If you make 20,000 you take home 14,000. If you make 1,000,000 you take home 700,000. It's not really fair to the person making 20,000, they should pay maybe 10% and take home 18,000 and the person making 1,000,000 pay 50% and still be taking home 500,000. I personally think that is fair. You have to be able to live even if you're not doing well, you know?

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SteinS 		High earners are gaining more from the way society is structured. Its in their interest to pay higher taxes to maintain it.

"Take me as an example. I happen to have a talent for allocating capital. But my ability to use that talent is completely dependent on the society I was born into. If I'd been born into a tribe of hunters, this talent of mine would be pretty worthless. I can't run very fast. I'm not particularly strong. I'd probably end up as some wild animal's dinner. " - Warren Buffet

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TaxesandScotch 		Dude, it has to do with proportions. All the examples given here support that. If I made 500,000 dollars a year and only paid 30% (for example), I'd be taking home 350,000 dollars after taxes. If you only made 20,000 dollars a year, you'd be taking home 14,000 dollars. Do YOU think that would be fair?

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mikebadj 		Put yourself in the poor people's shoes. Not every poor person is lazy, many have been screwed over by the system.

30% income tax
Someone who makes $100,000 a year would still have $70,000 after. Any family of 4 can easily live on that. That is over $17000 per family member per year.

Someone who makes $20,000 a year would have $14,000 left. $3500 per person for a family of 4, almost 5 times less than someone who makes $100,000 a year.

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EchoMan 		its so that they dont take loads from people who barely earn enough to pay for themselfs

just something i thought of if the gov take tax from someone who works min wage there final profit is less than min wage

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