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Thread: Two-thirds of millionaires left Britain to avoid 50p tax rate

  1. #141
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    Re: Two-thirds of millionaires left Britain to avoid 50p tax rate

    Quote Originally Posted by JRog View Post
    I don't believe I ever used the phrase "troubling to me", so I am now sure why you keep putting that in quotes.
    Total wealth is certainly a moving target, but the increase in the total wealth of the nation has gone almost entirely to the wealthy class while the average US worker has increased in productivity. Translated to layman's terms, this is an indication that employers are squeezing more productivity out of employees and pocketing the extra income. Furthermore, what I do find "troubling" is partisan defense of unhealthy economic practices. You'd argue that it is the right of the nation's wealthiest to increase their income by almost 300% over the last 30 years while the employees generating that revenue have stagnant real wages. I'd have to disagree.

    what do you expect? those who have money left over from paying expenses and the bloated tax bills levied by a greedy and wasteful government can invest that money and increase their wealth

  2. #142
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    Re: Two-thirds of millionaires left Britain to avoid 50p tax rate

    Quote Originally Posted by RLN View Post
    You're correct. It's called moving your money while you sit still.

    The Myth of the Millionaires' Exodus
    Britain is having the same problems we are in getting the wealthy to pay their fair share. They simply used faulty data to "prove" that raising taxes doesn't increase revenues.

    There are evidently parts of the Government intent on fighting a war on behalf of the richest 1% in our society. The first casualty of that war looks to be the truth about the 50p tax.
    The amusing thing is that great lengths and expense the wealthy are going through to prevent us from taking less of their money. You'd think they would want us to raise taxes so they would be paying less?

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    Re: Two-thirds of millionaires left Britain to avoid 50p tax rate

    Quote Originally Posted by iguanaman View Post
    Britain is having the same problems we are in getting the wealthy to pay their fair share. They simply used faulty data to "prove" that raising taxes doesn't increase revenues.

    The amusing thing is that great lengths and expense the wealthy are going through to prevent us from taking less of their money. You'd think they would want us to raise taxes so they would be paying less?

    I love the attitude of those who claim FAIR SHARE

    fair share is me paying no more than YOU. I don't get anything MORE from the government than YOU do so WHY is it FAIR FOR ME TO PAY MORE

  4. #144
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    Re: Two-thirds of millionaires left Britain to avoid 50p tax rate

    Quote Originally Posted by TurtleDude View Post
    I love the attitude of those who claim FAIR SHARE

    fair share is me paying no more than YOU. I don't get anything MORE from the government than YOU do so WHY is it FAIR FOR ME TO PAY MORE
    You get an entire system of courts and laws barrister that you claim to have made a living off of.

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    Re: Two-thirds of millionaires left Britain to avoid 50p tax rate

    Quote Originally Posted by winston53660 View Post
    You get an entire system of courts and laws barrister that you claim to have made a living off of.
    that is far more moronic a comment than I normally see in your posts. It has no relevance and is a personal commentary that is not germane. The fact is, those who want to live off the government tit tend to claim those who supply the milk need to pay more

    fair share is everyone paying the same amount. right now the top 5% pay more federal income taxes than the rest of the country combined. 95% of the Nation is not coming close to paying their fair share

    and don't give me the crap about ability to pay. That doesn't cut it on just about any other service. I don't pay GUIDO the Barber more for a shave or a haircut than a guy making minimum wage. A gallon of gas doesn't cost me 400 dollars compared to the 3.30 a guy who makes 20K a year pays.

  6. #146
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    Re: Two-thirds of millionaires left Britain to avoid 50p tax rate

    Quote Originally Posted by winston53660 View Post
    You get an entire system of courts and laws barrister that you claim to have made a living off of.
    And a very good living at that, he claims to sock away 80% of his after tax income. Yet he squeals the loudest because it might become only 77%.
    Doesn't he know you can't take it with you?

  7. #147
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    Re: Two-thirds of millionaires left Britain to avoid 50p tax rate

    Quote Originally Posted by sawyerloggingon View Post
    The question is will obama and the Democrats learn anything from this.


    "Almost two-thirds of the country’s million-pound earners disappeared from Britain after the introduction of the 50p top rate of tax, figures have disclosed."


    "In the 2009-10 tax year, more than 16,000 people declared an annual income of more than 1 million to HM Revenue and Customs.

    This number fell to just 6,000 after Gordon Brown introduced the new 50p top rate of income"

    : “Labour’s ideological tax hike led to a tax cull of millionaires.
    Far from raising funds, it actually cost the UK 7 billions in lost tax revenue.


    Two-thirds of millionaires left Britain to avoid 50p tax rate - Telegraph

    ??? No one is proposing a 50% tax rate for the wealthy. A more relevant question would be how many millionaires left the US the last time tax rates were 4% higher than they are now?
    Last edited by Catawba; 12-04-12 at 12:04 AM.
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    Re: Two-thirds of millionaires left Britain to avoid 50p tax rate

    Quote Originally Posted by iguanaman View Post
    And a very good living at that, he claims to sock away 80% of his after tax income. Yet he squeals the loudest because it might become only 77%.
    Doesn't he know you can't take it with you?

    you need to pay as much as I do before you start demanding I pay more

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    Re: Two-thirds of millionaires left Britain to avoid 50p tax rate

    Quote Originally Posted by TurtleDude View Post
    that is far more moronic a comment than I normally see in your posts. .
    Go scre......never mind I'll just report this.

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    Re: Two-thirds of millionaires left Britain to avoid 50p tax rate

    Quote Originally Posted by winston53660 View Post
    Go scre......never mind I'll just report this.
    feel free. I guess they will look at yours too but attacking your post is no violation. You on the other hand made personal comments about me

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