In the UK you get taxed on absolutely everything.
Up to 45% income tax, which you never even see because the government takes it before it reaches you.
Then another 10–12% for National Insurance (and no one really knows what that’s actually for).
Then there’s Council Tax, another 10% of your wage money you’ve already been taxed on.
So that’s about 60% of your income gone already.
If you want to increase your money and start a side hustle, there’s 20% VAT, 25% corporation tax, and business rates that can be over £1,000 a month.
What if you want to invest your already taxed money to make some more?
You’ll be taxed 28% on your investment gains too.
Maybe you’re lucky enough to inherit money or a property your parents worked their whole life for and they’ve already paid tax on it?
You’ll be taxed 40% with Inheritance Tax.
The UK has become a country where hard-working people are farmed for every penny.
Credit cards, loans, and mortgages are thrown at you to ‘solve’ your money problems.
And then you become a slave to the banks and the government for life.
And tell me, what can you even get for your money nowadays?
Labour want to TAX you every single year just for owning your home
If your home is worth more than £500,000, Labour want you to pay 0.54% EVERY year.
Here’s what that looks like:
↳ £550,000 = £2,970 a year
↳ £600,000 = £3,240 a year
↳ £700,000 = £3,780 a year
↳ £800,000 = £4,320 a year
↳ £1,000,000 = £5,400 a year
Just for OWNING your home
You’ve already paid stamp duty, income tax, council tax… now forced to pay this new property tax
This is a SCAM by the government
If you earn £148k, you earn LESS, after tax, than if you earn £99.9k This is no joke. Here’s why
Going over £100k earnings mean losing access to tax-free childcare & personal allowance The marginal cost of a £1k payrise from £99k to £100k is almost £20k.
If you're a parent with two kids in nursery, you’d need to earn £149k just to take home the same amount as someone on £99k.
That’s a 50% raise just to stay the same, after tax Do you know how damaging this kind of nonsense is: 1. Growth & success in the U.K. penalised 2. People putting off having kids 3. Companies outsourcing not hiring staff 4. More high earners leaving the country
WHY on earth are we penalising growth & DISincentives in this country?
@robprogressive You have forgot to add on VAT charged on bills and purchases which generates more tax for the government. So what is the net amount in people’s actual pockets? I bet the figure is shocking
44.7% of the U.K population do not contribute any income tax
Yet the top 0.1% earners pay 10% of the total taxes.
The top 1% pay 29% of the tax The top 10% pay 69% of the total tax revenue
£150,000 earner pays £53,460 in income tax but a £25,000 earner pays £2,486
So no, we should NOT tax the rich more. They are ALREADY taxed more. No wonder all the millionaires are leaving the U.K.
And how is this ‘fair’?
After Trump’s disgraceful bullying of Zelensky today, aided and abetted by sidekick Vance, why would we want Trump to pay a state visit to the UK? Can the invitation letter be withdrawn?
Shame on you @sainsburys central Milton Keynes. Only two checkouts open and people queuing with trolleys to use the self checkpoint. Appalling customer service.
The longer we don't have a statutory code of practice and a single, independent appeals system, the more tricks you'll see like this from the parking industry @mhclg@AngelaRayner
I am deeply humbled and honoured to have been elected as the Member of Parliament for the East Kilbride and Strathaven constituency. I want to extend my heartfelt thanks to everyone who placed their trust and confidence in me. I am committed to working hard every day to repay that trust and to serve all my constituents.