Income tax is immoral. Work, and work hard, and before you get your pay, the taxman puts its grubby hand into your salary and takes a percentage without doing anything for it. That's my hard earned cash taken before I see it. Great video by the way.
Income tax is only immoral because we know that the super wealthy and those living off of share income or trusts avoid the tax that the rest of us have to pay. If the taxation system was truly democratic then those people would be properly taxed and we could all enjoy a better standard of services and infrastructure.
You’re absolutely correct. It’s a desperate attempt by the government to raise money which unfortunately will affect so many, particularly the working class and middle class.
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I’m 25 yr old female living alone with no help from family or friends. My main income is from engineering, my side hustle is my cleaning business & bar work on the weekends. I live in London, the engineering job covers bills and the side hustle’s allow me to save, invest, attend birthday parties or maybe 1 holiday in the year. Now. From my point of view there’s no point in me working my butt off for it to go to tax, I might as well go on benefits & sell drugs put my benefit money in my ISA account (which the government gives me £1k for free annually) and live off my drug money until I make enough to go to a tax free country like Dubai and find a wealthy man to take care of me. There’s no incentive to keep trying, to be a decent person in this country. the age requirement for pensions is getting older and I’m trying to make more money because I don’t have enough and now it’s being taken away? How does this tax affect anyone but the government in a positive way?
Let’s say for example I don’t have any income so don’t earn my personal allowance do I only need to declare once my income exceeds the personal allowance of £12,570 or once I pass 1,000 in sales?
Also you need to be earning 50k plus to have the 40% income tax deduction and i dont think many people working side gigs are going to make that in the first place if there doing deliveries to make extra cash
Fair point but that could be difficult for some people to do particularly given the significant inflationary pressures on the uk economy at the moment.
@@thestartupwallet most people drink , smoke , vape , sniff coke , gamble , have pets, more than 3 pairs of shoes, fast food , lots of kids , £1000 phones every year , sky tv and many other luxury items , and most people do and have most of those listed , and that’s before holiday’s and nights out! Governments know this more than ever as the majority have abandoned cash and wonder why they are getting shafted , serves them right
@@darrenleejones3516"most people" I would hazard a guess that you haven't got a clue what "most people" do. I think you are operating on huge amounts of assumption and reading the daily mail or the telegraph
@@jake6379 no mate , I work with the public 6 days a week I see it , I haven’t read a newspaper or watched the news in over 30 years , unlike most , hence there lies the problem with society, maybe you included 👍
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Income tax is immoral. Work, and work hard, and before you get your pay, the taxman puts its grubby hand into your salary and takes a percentage without doing anything for it. That's my hard earned cash taken before I see it. Great video by the way.
I couldn’t agree more! Thanks for watching
It’s not illegal not to pay it’s optional, most people dont realise this
@@darrenleejones3516 provided it’s done via Tax Avoidance routes rather than Tax evasion. All depends on tax arrangements of each individual
Income tax is only immoral because we know that the super wealthy and those living off of share income or trusts avoid the tax that the rest of us have to pay. If the taxation system was truly democratic then those people would be properly taxed and we could all enjoy a better standard of services and infrastructure.
Why is it even the government’s business how we make our money?
They should be focused on the wealthy its a waste of admin resource to target lots of poor people
You’re absolutely correct. It’s a desperate attempt by the government to raise money which unfortunately will affect so many, particularly the working class and middle class.
It’s because the poor/working class are easier to pursue
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I’m 25 yr old female living alone with no help from family or friends. My main income is from engineering, my side hustle is my cleaning business & bar work on the weekends. I live in London, the engineering job covers bills and the side hustle’s allow me to save, invest, attend birthday parties or maybe 1 holiday in the year. Now.
From my point of view there’s no point in me working my butt off for it to go to tax, I might as well go on benefits & sell drugs put my benefit money in my ISA account (which the government gives me £1k for free annually) and live off my drug money until I make enough to go to a tax free country like Dubai and find a wealthy man to take care of me.
There’s no incentive to keep trying, to be a decent person in this country.
the age requirement for pensions is getting older and I’m trying to make more money because I don’t have enough and now it’s being taken away?
How does this tax affect anyone but the government in a positive way?
Let’s say for example I don’t have any income so don’t earn my personal allowance do I only need to declare once my income exceeds the personal allowance of £12,570 or once I pass 1,000 in sales?
Remember! Always get pay in CASH ! or in bitcoins (if you're desprate). :)
Also you need to be earning 50k plus to have the 40% income tax deduction and i dont think many people working side gigs are going to make that in the first place if there doing deliveries to make extra cash
Does this only affect people with more than 6000 in savings.
Anyone who has earned over £1,000 gross income in the most recent tax year from an additional job/side hustle etc..will be affected
Thank you for this video. I found it informative and useful.
You’re welcome. Thank you for watching!
Stop spending too much ,that’s the biggest tax break you will have , and will hurt government more than any other means 👍
Fair point but that could be difficult for some people to do particularly given the significant inflationary pressures on the uk economy at the moment.
@@thestartupwallet most people drink , smoke , vape , sniff coke , gamble , have pets, more than 3 pairs of shoes, fast food , lots of kids , £1000 phones every year , sky tv and many other luxury items , and most people do and have most of those listed , and that’s before holiday’s and nights out! Governments know this more than ever as the majority have abandoned cash and wonder why they are getting shafted , serves them right
@@lastlast2078 if your not moaning you are poor then that’s fine 🤣
@@darrenleejones3516"most people" I would hazard a guess that you haven't got a clue what "most people" do. I think you are operating on huge amounts of assumption and reading the daily mail or the telegraph
@@jake6379 no mate , I work with the public 6 days a week I see it , I haven’t read a newspaper or watched the news in over 30 years , unlike most , hence there lies the problem with society, maybe you included 👍