Full bodied red
Full Member
I currently pay the higher rate tax band right now, and have the option of emigrating to the US through my work and paying a lower rate if I wish to do so.
I’m very happy to remain in the UK. I earn enough to buy a house, pay my bills and pay for my lifestyle, and put money aside for savings. Any extra money I would save through a lower tax at this point would add very little value to my life, and I’d spend it on more material things probably.
But anecdotal stories don’t mean much, nor does listing a handful of random high profile celebs - if the insinuation is that millionaires & billionaires emigrate out of a country due to high taxes - it should be pretty straight forward to find that data, no?
Otherwise what’s the point in making the statement at all if you can’t find it to be true?
Also the 83% was a nod at someone who insinuated a ridiculous hypothetical where doctors were paying that much in tax. Nobody in this country is losing 83% of their income through tax, it’s absurd.
I suppose congrats on being sufficiently financially positioned. In 2019, it is a genuine achievement for anyone under 40 years old.
Not sure anyone has the numbers for how many ' rich ' people have left the UK for Tax reasons - if I ever find one, I'll post it.
My generation have been incredibly lucky - not because it was given to us, but sufficient ' things ' aligned to make it possible for those who wanted it enough and worked hard enough to get it.
Unfortunately, my generation also remember the appalling Labour Governments of the 60s and 70s who were financially catastrophic and will never forgive people like Wilson, Callaghan and Foot for helping to make the UK ' The Sick Man of Europe '. I suppose that's why so many older people vote Conservative - not a love of Conservative idealism, but the memories and fear of how a series Left Wing Labour Governments almost ruined the UK feconomy forever.
And Corbyn and McDonell are threatening a return of that chaos just at a time when the UK will need everything to go in its favour post-Brexit. It would be madness.
And the 83%. Peanuts. We also remember a Labour Government which imposed 98% marginal tax rates.
https://www.telegraph.co.uk/news/uk...s-haunted-by-the-sound-of-squeaking-pips.html