tango

Yikes!

Fairer taxes are needed say the Lib Dems. What I find a little concerning is that their proposed local income tax would cost easterbunny and me over one thousand pounds per year more than our current council tax arrangements.

And the useless swines still wouldn't collect our rubbish.
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Yeah, it'd probably cost me more too (depending, of course, on how the rebanding comes off for me). But that seems right to me, since I think people who are fairly well off should be paying more, which does include me.

I found this Where Do You Fit In? site from the IFS quite eye-opening. It ranks you in the population according to income. I came out a lot higher than I imagined.
Perhaps I'm underestimating my standing in society, but I don't think I'm earning huge amounts of cash, and living in London and paying off student debts that kind of tax hike would be unpleasent. You can understand why they talk about the details of the 50% bracket for 100k and over, obviously hits many less people.
Well, I don't know - I've just had a look at this (and do you know how difficult it is to assess when you are sub-letting from a pensioner?!?) and on the IFA site it reckons I am in the 95th percentile for earnings. I apparently earn more than 54 million people. As my pay is crap, I am utterly shocked... plus, if I earn more that 95% of the country, how the crap can I not afford a house!??!

There is something deeply fishy going on, methinks.
Good grief. That surprises me, too. Where does that leave all the residents of scenic south Cheam as opposed to borderline mid-Cheam? Of course, they can probably cry off with dependent children. And they get their rubbish collected. Bastards.
It really is suprising that the Conservatives and Labour aren't banging on about this a little more.
Hmm. Even if we had two small children and were only living on Adam's salary, apparently we'd still be better off than two thirds of the country.

Time is fleeting, and scepticism is rising.
Yes. I would like to see a London/SE-weighted version of that graph. I think it would tell a different tale.
I think never mind council tax, you should be asked to knock off your mortgage payments. That sorts out the men from the boys.
Ah, the heady days of a mortgage being tax efficient. I would claim to miss them but I've only been a home-owner for 3 years or so...
And what about rent? The same amount of money, and there's no long term benefit.

Yup, I would agree that a London / SE weighed picture would look a lot different.
Handy link, thanks, although I share everyone else's surprise/scepticism about the results. In my case, I'm supposedly above 96% of the population, and my council tax would go up by about 50% (another 480/year). So, it wouldn't be as bad for me as for other people, but still not too pleasant.