Tax Should be Taxing

I truly don't mind paying tax. It is important that tax should be commensurate with income though. So I do think that the wealthiest should pay the same proportion of their income as the poor. Most income groups are taxed at 20% in the UK after a tax free allowance of £12,570. (Your allowance is zero if your income is £125,140 or above). If you are better off tax increases, but not proportionately. Over £125,141 you pay 45% 

Countries in Scandinavia pay quite a lot more basic tax & get better services. 

Netherlands – 49% ...

Sweden – 50% ...

Belgium – 53.7% ...

Austria – 55% ...

Denmark – 55.9% ...

Japan – 55.97% ...

Finland – 56.95% ...

Those in the lowest decile of income earners in the UK pay tax at around 44% on their  income and gains in financial wellbeing, whilst those in the top decile pay at 21.5%, less than half that rate. Why? What is the logic?

There isn't any that I can see, other than making the wealthy even more wealthy & the poor poorer. Wealth inequality is ever increasing in the UK. In 2021 the richest 50 families in the UK held more wealth than the bottom 33.5 million people. The wealthiest 1% of households had wealth of at least £3,121,500, while the least wealthy 10% had £16,500 or less. 

That can't be acceptable surely. Nor can placing the biggest tax burden on the least wealthy.There are several arguments -

• Taxing the wealthy excessively could discourage investment, entrepreneurship, and economic growth, potentially leading to job losses and a decline in overall prosperity. 
• High taxes could cause wealthy individuals and businesses to relocate to countries with lower tax rates, leading to a loss of tax revenue and skilled labor. 
• Strong opposition from the wealthy themselves, although there is a group of 250 wealthy individuals, (Patriotic Millionaires), who are actually asking to be taxed.

I struggle to have much sympathy with any of that. The wealthy have advisors who utilise the loopholes in our ridiculously complex tax system to minimise what they pay. The big four accounting firms not only advise taxpayers, they also have their fingers in the pie of advising HMRC. Unbelievably they sit on tax advisory panels and also second staff to government to provide technical advice when tax legislation is amended or created. I simply cannot believe they are impartial & unbiased. Talk about letting foxes into the henhouse.

The whole thing is a mess & it's the majority of ordinary taxpayers who don't get a fair deal.