Chip

£520-a-year 'stealth tax' if you earn £40,000 | National Insurance | This is Money

Robbing New Labour bastads.

Chip

Snazy

A response please Chris or Pete

AndyC_772

iTrader: (2)

Well spotted... I worked out that I'd actually be slightly better off given the change to a 20% income tax band, which seemed odd. This is what I missed

The Zohan

<fetches popcorn, sits comfortably>

Chip

Don't hold your breath then

Chip

BOB.T

How long till we can vote 'em out? wnakers

Chip

Too long!

Chip

PeteBrant

They had to claw back any gains you may have made from the 20% flat rate somewhere, and pay for the tax credits to low earners since they dropped the 10% band.

The 20% was always going to be about headline grabbing rather than any form of genuine reduction in taxes - I don't think you will ever see any form of genuine tax cut for a very very long time.

Petem95

B"stards

Look forward to seeing "crash" Gordon go down in flames at the next election.

rik1471

Who will replace them though? That's my worry.

Snazy

The Monster Raving Loonies could, with no experience, and while they may not improve things, im sure they could not make it much worse.

Chip, I have turned blue holding my breath, but then remembered, once cornered the weak hide

TopBanana

Socialist scum

J4CKO

iTrader: (1)

Ok, where is the motivation to better yourself nowadays ? I have done loads of learning, exams and chnged jobs to get to a salary of 45k, on which I support 5 of us, I then get rear ended to support the clueless, feckless and those who have just arrived on the boat !


Should have stayed working in local goverment, at least I got a day a week on leave and as many sickies as wanted.

Snazy

Totally mate.
If you succeed you will pay for it.
If you scrounge, you will be paid for it.

I lose track of the number of benefits those out of work get, but when do the people putting the money in the pot in the first place get a break?

J4CKO

iTrader: (1)

Right now I am actually gratefull to the government, ok I might not have much of a disposable income nowadays but f*ck it, the wife and kids are healthy, the house is nice and comfy and I am not dead yet, in fact, f*ck em all, today is a good day.

Thankfully they have not worked out how to tax masturbation, there are a fair few top rate tax-payers on here !

When the missus goes out I am going to finish the slightly more expensive than it was on Tuesday bottle of wine and work out how to run my car on all the cardboard we keep forgetting to leave out for recycling.

pslewis

I'm sure this was announced many months ago??

It starting to get rather silly .... I mean £40,000 a year isn't a fantastic wage either and those on that are about to get hit .... those above will not notice much of an issue as there is still a cap, thank heavens!

PeteBrant

Good to see the firm belief in the common good is alive and well

J4CKO

iTrader: (1)

Pete, stop it, it gets you infracted,

£40,000 is a lot more than a lot of families have in a year and have to manage on, so you are doing ok-ish and then mortgage rates go up, fuel goes up and you are back existing rather than living, the you get told you aent putting away enough for a pension ?

Too smaller working population, too many that exist in a cash economy separate to use PAYE slaves, too many claiming benefits for people that are already dead or dont exist, too many people arriving here needing medical attention, too many f*cking their own health up, too many beating each other up drunk, too many people with too much self interest, just too many people on too smaller an island.

PeteBrant

Absolutely, the average wage in the UK is around £23,000. And this is why people earning £45,000 pay the extra tax - because by default, if the average is £23,000, then there are an awful lot of people earning a lot less, and will need help to get by.

stevebt

iTrader: (8)

Its bad enough being in the high tax bracket without them sneaking in another £520

sti-04!!

MrRA

That's me shafted then!

Gordo

F8cks me off being penalised to pay for thick lazy scum who couldn't be bothered to pay attention at school. Penalising success in the names of restributing wealth just dumbs everyone down to the lowest common denominator over time. socialist w4nkers.

warrenm2

strong economy blah blah child poverty blah blah NHS best in the world blah blah education education education blah blah tough on crime, tough on causes of crime blah blah

heard it all before - thing is even the thickest of dimwits are slowly realising how crap they are. Sweepstake on dates of the next election being the latest they can possibly get away with?

PeteBrant

In for a penny.....


May 2010 no one is going to force an election before then. If Labour thinks they can win before that, then they will go before that.

£520 a year shafts you? Blimey
Yeah, earning enough to be in the higher tax bracket is such a ****ing nightmare, I for one would much rather not be in the higher tax bracket.
So what would you suggest as an alternative? Anyone that doesn't get 34 GCSEs to be culled perhaps? Perhaps anyone that earns minimum wage should be immediatly shipped off to Iraq?

It is a fact of life that not everyne has the same opportunites as everyone else. By definition if you earn enough to be in the higher tax bracket you are doing pretty well for yourself. In fact, you are in the top 0.9% in the entire world in terms of wealth.

Of course, not everyone in the entire world has to support the same infrastructure as we do,nor do they have the same economy. In Nepal, you can feed an entire family for around £3 a week. But the fact still remains that if you are in the higher tax bracket you earn around £20,000 more than most people. Of course, I am sure you have worked hard to got where you are, but you obviously had a fairly good education, a pretty good family life, brought up in a fairly decent way - Not everyone has those benefits, and you can't just cut loose those people that don't manage to make it up the ladder. And If you are someone that has got to earn that sort of money in the face of such adversity then you have my admiration.

Sure there are some people that try and ride the benefit ticket, some people might even get a half decent living out of being a complete scrounging tosser, but for everyone of those there are 100 people that really, really need the help that we as relatively high earning people can give them.

I hate stealth taxes as much as the next man, I would much, much rather that government be honest about taxation and say "look we are going to tax you a flat 30% and be done with it" because at least then you know where you stand, but what I cannot fathom is how people that earn enough money to be in the higher tax bracket, can then begrudge someone that earn £10K a year extra help.

Gordo

pete

the fact is this is a tax that was not picked up by the media from yesterday's budget. i.e. labour spun again to try to focus on the positives (asking the supermarkets to not give away free plastic bags ffs!)

your logic on helping the less well off in society only works to a point - all people have to feel they're fairly treated but people don't want to feel cheated and ripped off. the country is spending far too much on public services with little tangible benefit - i.e. we're being over-taxed. the answer for a stuttering economy is not to tax more - that's poor financial management, a bit like putting your prices up when your sales are dropping.

this government doesn't have a clue how to manage in a downturn as they've never had to - this will be the only true test of gordon's golden rules. i wonder how long before he has to admit they've been broken....

(ps I love the idea of a flat tax rate - but doesn't that rather go against your idea of over-taxing the better off?)

Gordo

nooobyscoooby

The more we pay the less we get. I'd shoot the lot of them given half a chance, useless effin f&ckwits.

MrRA

No not really, but having paid nearly £19k in income tax alone this year I feel that this another 'shafting' so to speak. But hey, that's life in the UK so I'm used to it by now.

chocolate_o_brian

iTrader: (22)

pete stop talking out your rose tinted ****.

i kinda agree £40k isnt top whack, but for someone that lives in lincs like myself and does a normal job, £40k is something i dream of.

J4CKO's right, stop now otherwise you'll just get infracted for trolling.

for the record, for someone like me who earns just over half this £40k pittance, does that make me better off regards the budget or about the same

pslewis

I can only state what I believe from my standpoint - I said that £40k was not a fantastic wage, and it isn't! It's probably a good wage. £40k a week like Lampard and Rooney and company get is a fantastic wage .... I'm sure you will agree?

Where I live and to the people I work and socialise with £40k is not a high wage, that's a fact - I can't change that. I am NOT trolling by giving my point of view (which may be different if I lived and worked in a factory in Lincoln .... but I would love to buy a house there!)

So, just learn to accept a different point of view to yours is just that - and not trolling, yes?