Budget

[ajohn]

Wiki
There may be taxes in addition to the tax rates shown in the above table.

• Taxpayers earning income above certain thresholds ($200,000 for singles and heads of household, $250,000 for married couples filing jointly and qualifying widowers with dependent children, and $125,000 for married couples filing separately) pay an additional 3.8% tax, known as the Affordable Care Act tax provisions#net investment income tax, on investment income above their threshold, with additional limitations.[3][4] Therefore, the top federal tax rate on long-term capital gains is 23.8%.
• State and local taxes often apply to capital gains. In a state whose tax is stated as a percentage of the federal tax liability, the percentage is easy to calculate. Some states structure their taxes differently. In this case, the treatment of long-term and short-term gains does not necessarily correspond to the federal treatment.

An MBK whoops????

 

[gas112]

Do any low paid people actually care about CGT? How many people earning less than the average salary of 30k encounter CGT at all?

Loads of firms offer their employees free shares as an incentive and after certain service time periods and share save schemes also buy two get one free etc....Regardless of earnings

 

[Notch7]

£22b increase in NHS day to day funding.

The unhealthy aging gammons on here must pleased

 

[transam]

Have they put vat on private school fees ????

Yes they have

Brexit Or she would not have been able to

 

[aveatry]

£22b increase in NHS day to day funding.

The unhealthy aging gammons on here must pleased

Finally that bus has come home

 

[aveatry]

Why do people hate and vilify "populist" political parties - what wrong with having popular policies.

 

[blup]

Why do people hate and vilify "populist" political parties - what wrong with having popular policies.

Two words the second is truss

 

[JohnD]

Then you've got people who have invested a bit in the stock market but not via an ISA, having used their cash ISA limit. I know plenty of lower income people who dabble on the stock market.

Lots of people in your industry get shares particularly in PE and VC funded businesses. its not just the Veeps,

These are the "low paid people?" The ones who have £20,000 a year spare, to fill up a cash ISA, and moan that they can't shelter their shares from tax as well? It has been £20,000 a year, every year since 2017.

"Lower income" my asre.

 

[Brigadier]

So you've paid tax all your life to afford a 2nd home

is

just a trope

 

[JohnD]

Do any low paid people actually care about CGT? How many people earning less than the average salary of 30k encounter CGT at all?

Motorbiking thinks that "low paid" means something quite different.

I've always thought that getting lots of money, or making lots of profit, and paying some tax on it

Is infinitely preferable to not.

 

[aveatry]

is

Ah that one falls under Number 7
7 Then there are some on here who will completely make things up that you said and heavily edit your post to fit their point,

Yep forget it - its like talking to a knitted jumper. They come back with
1 "no it doesn't"
2 Utter nonsense.
3 Who are these you speak of?
4 It isn't being controlled by the lizards....
5 When did it say that
6 Then you will waste your time collating the proof and they will completely ignore it.
7 Then there are some on here who will completely make things up that you said and heavily edit your post to fit their point,
8 or will make things up that you are thinking and post them in quote marks like its something that you actually said.
9 Then there are those on here who deliberately try to antagonise the poster to try and get the thread shut down or the poster banned.
Its actually best just to not reply and let them takeover and have their own circular Wan# over the subject
Anyone is welcome to downlaod and use my sticker I made for when noseall go's too far byond his normal level of trolling.

 

[aveatry]

Two words the second is truss

Populist policies are bad then

 

[Murdochcat]

£22b increase in NHS day to day funding.

And how much of that goes directly back to the government coffers due the NI threshold reduction AND increase

It does employ 1.6 million staff

 

[transam]

I see small companies in the construction industry not taking on apprentices and terminating others

Already rumblings in the trade ???

 

[Brigadier]

Already rumblings in the trade ???

IBS?