Income tax

[aveatry]

What’s interesting is that the number of basic rate tax payers significantly increased in the last few years, under the toreys.

Whats wrong with earning £50,270

 

[blup]

With the leverage that higher and additional rate taxpayers bring Rachael has got to hammer them in the budget surely

 

[blup]

Whats wrong with earning £50,270

Nothing but the threshold was freezes by the Tory’s since 2020/21 (disregarding the truss scare) so you let less bang for your buck. My point is that the torey claim to be income tax cutters is a porkie but at lest rishy was a decent enough economist to know furlough bonds needed repaying

 

[JohnD]

Putting up taxes by stealth.

https://commonslibrary.parliament.uk/research-briefings/cbp-9687/

Inflation has made the pound worth less

With personal allowance unchanged.

Inflation calculator

Use our inflation calculator to check how prices in the UK have changed over time, from 1209 to now.

www.bankofengland.co.uk

 

[aveatry]

Nothing but the threshold was freezes by the Tory’s since 2020/21 (disregarding the truss scare) so you let less bang for your buck. My point is that the torey claim to be income tax cutters is a porkie but at lest rishy was a decent enough economist to know furlough bonds needed repaying

But labour are carrying on the freeze aren't they ?

 

[festive]

.

Pay them more, and they will.

That's how it works.

IME it is much better to earn good money, and pay tax on it

Than to earn little money and pay little or no income tax.

Motorbiking is annoyed that doesn't give the rich such an easy ride as he would like.

He moans that the people with the biggest incomes pay the most income tax.

That's how it's supposed to work.

The rich.. such an idiotic knaive statement. I'd hazard a guess you are 'poor' as you clearly have no idea about what 'rich' brings what sacrifices are made and how much you have to devote to even consider this stupid term you use. Once you do understand perhaps you wouldn't make such embarrassing statements like above. You clearly aren't who you try and make out to be.

 

[JohnD]

Festive's ignorance is exceeded only by his stupidity.

 

[Murdochcat]

And why do they do that?

So they can continue to get tax free cash for no effort

 

[JohnD]

So they can continue to get tax free cash for no effort

Are you suggesting that is wrong?

A lot of well paid people manipulate their earnings so they get childcare payments. Yes, deliberately.

A lot of well paid people manipulate their pension contributions to minimise tax and NI. Yes, deliberately.

Your point is?

 

[Murdochcat]

Are you suggesting that is wrong?

The whole system of giving UC for too few hours worked and an overtime is subject to claw back

 

[JohnD]

The whole system of giving UC for too few hours worked and an overtime is subject to claw back

Do you approve of well-paid people manipulating their earnings for their own benefit? But not poor ones?

 

[Notch7]

.

The rich.. such an idiotic knaive statement. I'd hazard a guess you are 'poor' as you clearly have no idea about what 'rich' brings what sacrifices are made and how much you have to devote to even consider this stupid term you use. Once you do understand perhaps you wouldn't make such embarrassing statements like above. You clearly aren't who you try and make out to be.

U.K. has higher wealth inequality than equivalent Western economies
U.K. has far lower standard of living for ordinary working people than equivalent Western economies and worse public services

It doesn’t take a genius to understand they are connected

 

[Notch7]

So they can continue to get tax free cash for no effort

WRONG

If they work over 16 hours they get penalised and they can’t afford to buy enough food or afford heating.

 

[blup]

But labour are carrying on the freeze aren't they ?

Looks like it

 

[Justin Passing]

Quite happy to pay tax, though the bit where you earn over 100k and have a 60% marginal rate is fubar, when earning the same sitting on your arse trading stocks only attracts 20%.