Income Taxation System

[meghana_shru]

All right, I don't understand the income taxation system, which by its implications, punish the ambitious and hardworking who are successful and wealthy to promote the welfare of the less successful, whichever the cause may be, who get taxed less. Why increase the percentage for the higher brackets to limit the freedom of financial pursuits, one of the founding bases of liberty? What is the fundamental idea and benefits behind this bracket taxation system?

 

[abottoml]

It's been around a while:
Progressive tax - Wikipedia, the free encyclopedia

Flat tax is starting to make a comeback:
Flat tax - Wikipedia, the free encyclopedia

I like the sound of a flat tax.

 

[Upcomingstockmaster]

Im living in the UK, say I use spreadbetting as my only income, do I get income taxed?

 

[abottoml]

Proceeds from gambling are not taxable in the uk