Thanks Tories!!!!
31 January 2011, 06:25 PM
#1
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Thanks Tories!!!!
Higher Rate Tax threshold dropping.
750,000 more people to be dragged into 40% Tax!
I'm cheesed off at the 50% rate myself ... but, still, the Tories are penalising improving yourself! Even at the realtively low pay levels of £42,000!!
Shocking!!
You voted for it ... I hope you are satisfied?
Those who are better off include the single non working mother!!
750,000 more people to be dragged into 40% Tax!
I'm cheesed off at the 50% rate myself ... but, still, the Tories are penalising improving yourself! Even at the realtively low pay levels of £42,000!!
Shocking!!You voted for it ... I hope you are satisfied?
Those who are better off include the single non working mother!!
31 January 2011, 06:37 PM
#2
this post has given me great satisfaction knowing my area manager will get screwed over he recieves NOT EARNS more than 42k nice to know him and 749999 others will now be in the same boat as the rest of us WORSE OFF 
shame they cant bring in a 99% tax bracket for the bankers bonuses , the defecit would soon be payed off then
shame they cant bring in a 99% tax bracket for the bankers bonuses , the defecit would soon be payed off then
31 January 2011, 06:41 PM
#3
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Higher Rate Tax threshold dropping.
750,000 more people to be dragged into 40% Tax!
I'm cheesed off at the 50% rate myself ... but, still, the Tories are penalising improving yourself! Even at the realtively low pay levels of £42,000!! Shocking!!
You voted for it ... I hope you are satisfied?
Those who are better off include the single non working mother!!
750,000 more people to be dragged into 40% Tax!
I'm cheesed off at the 50% rate myself ... but, still, the Tories are penalising improving yourself! Even at the realtively low pay levels of £42,000!!
Shocking!!You voted for it ... I hope you are satisfied?
Those who are better off include the single non working mother!!
-------------------------1997/1998-----2004/2005
Income Tax-----------£77 billion------£123 billion
National Insurance----£45 billion------£78 billion
Stamp Duty------------£3.5 billion-----£9 billion
Inheritance Tax--------£1.7 billion------£2.9 billion
Capital Gains Tax-------£1.4 billion------£2.3 billion
As for the specific fiscal drag that you're condemning the ConLibs for:
"... Fiscal Drag • Gordon Brown, seeking to fill the monstrous Black Hole which he has created in the nation's finances, is adjusting tax bands relative to an inflation rate which has been massaged down rather than the rate of increase of earnings. As a result, 3 million of the 28 million taxpayers are paying the 40% rate, an increase of around 10% since Gordon Brown became Chancellor.
Fiscal drag includes Stamp Duty on property purchases, which is now at five times the 1997 level (£3,600 million compared to £675 million) and twice as many people are paying it as in 1997 (1,200,000 versus 607,000). ..."
Wonder where all the money went .....
You voted for them ... I hope you are satisfied?
Dave
Last edited by hutton_d; 31 January 2011 at 06:46 PM. Reason: Bleddy tables ....
31 January 2011, 07:05 PM
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Shame there isnt one of those that the tories did, clothes tax, tax on restaurant/take away food, 2.5% increase in vat (and no not this time around either!), plenty more taxes they hit us with, doesnt matter which government but the condems are putting us into a deep recession, thats for sure 
Tony
Tony
31 January 2011, 07:09 PM
#5
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Dave - tax receipts went up as the economy was booming, as well you know!!
Everyone was better off, everyone moved house, everyone bought cars/TV's etc.
So, of course, the Tax take was higher!!!
You are attempting to use smoke and mirrors and you are above that!
The Tories are about to send us to hell in a handcart ... they haven't a clue, the little Eton Silver-Spoon Boyz!
We need real men, for a real problem!
Everyone was better off, everyone moved house, everyone bought cars/TV's etc.
So, of course, the Tax take was higher!!!
You are attempting to use smoke and mirrors and you are above that!
The Tories are about to send us to hell in a handcart ... they haven't a clue, the little Eton Silver-Spoon Boyz!
We need real men, for a real problem!
Last edited by pslewis; 31 January 2011 at 07:13 PM.
31 January 2011, 07:13 PM
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It was a credit/asset boom pslewis....your smoke and mirrors metaphor would be more apt to describe Labours boom years; all borrowed money. By definition unsustainable and not based on the REAL economy growing and generating REAL wealth.
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31 January 2011, 07:46 PM
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I'm with Pete on this one. Take a look at this. Giving with one hand and taking with the other. Sneaky buggers 
http://www.hmrc.gov.uk/rates/it.htm
http://www.hmrc.gov.uk/rates/it.htm
31 January 2011, 07:58 PM
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To be fair it is a complete joke. Now more than half my wages in 40% perfect that will teach me to have a good job. All I need now is intrest rates to rocket to realy ruin my year
31 January 2011, 08:09 PM
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31 January 2011, 08:24 PM
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You need to add the allowance to that £35,000 .... gives you something like £42,000.
Which, really, is a low wage!
I saw (on TV) a woman with 6 children and 1 on the way who was getting £25,000 a year from our taxes ..... then had her bills paid, rent paid and free everything else - I would say that she was (if working) on the equivalent of around £45,000 Gross.
Therefore, £42,000 is not a high wage ... and shouldn't attract 40%!!
Which, really, is a low wage!
I saw (on TV) a woman with 6 children and 1 on the way who was getting £25,000 a year from our taxes ..... then had her bills paid, rent paid and free everything else - I would say that she was (if working) on the equivalent of around £45,000 Gross.
Therefore, £42,000 is not a high wage ... and shouldn't attract 40%!!
31 January 2011, 08:39 PM
#17
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a few of years ago a newspaper interviewed a couple of city bankers/lawyers and the general consensous between them was that the average UK wage was about 75K
so a bonus of 200K is only just over double the average wage, -- not much really, they are usually in work by 7.00am
so a bonus of 200K is only just over double the average wage, -- not much really, they are usually in work by 7.00am
31 January 2011, 08:52 PM
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As for me , I too am a 40% tax payer and I have never had it so good
Chip
31 January 2011, 09:00 PM
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LOL at this thread. You are all arguing over income tax when the real problem is that we are about to doble dip into Recession 2 The Sequel thanks to these Tory idiots and hence many won't have a job to argue about their 40% tax band over.
31 January 2011, 09:02 PM
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And your solution to this Labour mess is?
31 January 2011, 09:04 PM
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And whose fault is that then Pete?
Chip
31 January 2011, 09:14 PM
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So it affects 700,000 people to the value of £600 approximately! And anyone that was already at the old threshold pays it earlier costing them £600 too.
31 January 2011, 09:19 PM
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You want an honest answer. Well for a start not putting VAT up at the same time fuel is rising and at the same time you are cutting student grants and at the same time you are hacking away at the public sector.
Why? Because it shatters consumer and consequently business confidence at a time when any recovery was already a fragile one. To be honest the 2.5% rise in VAT will not see the rise in revenue the government think it will as there is no more money in people's pockets so they just won't spend the extra becuase they can't.
No, if you want to cut how about pulling our troops out of Iraq and Afghanistan immediately, it's America's war, let them fight it. Stop all overseas aid. Stop taking asylum seekers ... oh dear it is against human rights, well tough. Cut benefits to a bare minimum and make those without a job work for that benefit. If they really wnat to get tough that is the sort of thing they need to do not take the easy option of crippling the recovery by putting VAT up and playing the tough man. They won't do it because it would be political suicide and their jobs and power are more important than the country.
Oh and for your information this isn't just Labour's mess. I am f**king sick of people like you telling everyone that. THERE WAS A F**KING WORLD RECESSION!!! Sure Brown and Labour didn;t help with the position they put us in, but it is not JUST their fault and if it gives you some sick crumb of comfort to think it is then you need to get real!!!
This lot are in danger of making Brown look like a f**king hero. Osbourne is a goon of the frst order and you can only cut back if you keep the economy growing, it's a basic rule of not even econimics, but comon sense yet he seems devoid of any of that like most politicians!!
F**k me this place is a joke sometimes as are half the f**king posters!!!
Why? Because it shatters consumer and consequently business confidence at a time when any recovery was already a fragile one. To be honest the 2.5% rise in VAT will not see the rise in revenue the government think it will as there is no more money in people's pockets so they just won't spend the extra becuase they can't.
No, if you want to cut how about pulling our troops out of Iraq and Afghanistan immediately, it's America's war, let them fight it. Stop all overseas aid. Stop taking asylum seekers ... oh dear it is against human rights, well tough. Cut benefits to a bare minimum and make those without a job work for that benefit. If they really wnat to get tough that is the sort of thing they need to do not take the easy option of crippling the recovery by putting VAT up and playing the tough man. They won't do it because it would be political suicide and their jobs and power are more important than the country.
Oh and for your information this isn't just Labour's mess. I am f**king sick of people like you telling everyone that. THERE WAS A F**KING WORLD RECESSION!!! Sure Brown and Labour didn;t help with the position they put us in, but it is not JUST their fault and if it gives you some sick crumb of comfort to think it is then you need to get real!!!
This lot are in danger of making Brown look like a f**king hero. Osbourne is a goon of the frst order and you can only cut back if you keep the economy growing, it's a basic rule of not even econimics, but comon sense yet he seems devoid of any of that like most politicians!!
F**k me this place is a joke sometimes as are half the f**king posters!!!
31 January 2011, 09:25 PM
#24
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It doesn't get added, the first 7k is tax free, you pay 20% on anything between 7 and 35k and then 40% on anything up to 150k. After that you pay 50% on anything over 150K.
So it affects 700,000 people to the value of £600 approximately! And anyone that was already at the old threshold pays it earlier costing them £600 too.
So it affects 700,000 people to the value of £600 approximately! And anyone that was already at the old threshold pays it earlier costing them £600 too.
You want an honest answer. Well for a start not putting VAT up at the same time fuel is rising and at the same time you are cutting student grants and at the same time you are hacking away at the public sector.
Why? Because it shatters consumer and consequently business confidence at a time when any recovery was already a fragile one. To be honest the 2.5% rise in VAT will not see the rise in revenue the government think it will as there is no more money in people's pockets so they just won't spend the extra becuase they can't.
No, if you want to cut how about pulling our troops out of Iraq and Afghanistan immediately, it's America's war, let them fight it. Stop all overseas aid. Stop taking asylum seekers ... oh dear it is against human rights, well tough. Cut benefits to a bare minimum and make those without a job work for that benefit. If they really wnat to get tough that is the sort of thing they need to do not take the easy option of crippling the recovery by putting VAT up and playing the tough man. They won't do it because it would be political suicide and their jobs and power are more important than the country.
Oh and for your information this isn't just Labour's mess. I am f**king sick of people like you telling everyone that. THERE WAS A F**KING WORLD RECESSION!!! Sure Brown and Labour didn;t help with the position they put us in, but it is not JUST their fault and if it gives you some sick crumb of comfort to think it is then you need to get real!!!
This lot are in danger of making Brown look like a f**king hero. Osbourne is a goon of the frst order and you can only cut back if you keep the economy growing, it's a basic rule of not even econimics, but comon sense yet he seems devoid of any of that like most politicians!!
F**k me this place is a joke sometimes as are half the f**king posters!!!
Why? Because it shatters consumer and consequently business confidence at a time when any recovery was already a fragile one. To be honest the 2.5% rise in VAT will not see the rise in revenue the government think it will as there is no more money in people's pockets so they just won't spend the extra becuase they can't.
No, if you want to cut how about pulling our troops out of Iraq and Afghanistan immediately, it's America's war, let them fight it. Stop all overseas aid. Stop taking asylum seekers ... oh dear it is against human rights, well tough. Cut benefits to a bare minimum and make those without a job work for that benefit. If they really wnat to get tough that is the sort of thing they need to do not take the easy option of crippling the recovery by putting VAT up and playing the tough man. They won't do it because it would be political suicide and their jobs and power are more important than the country.
Oh and for your information this isn't just Labour's mess. I am f**king sick of people like you telling everyone that. THERE WAS A F**KING WORLD RECESSION!!! Sure Brown and Labour didn;t help with the position they put us in, but it is not JUST their fault and if it gives you some sick crumb of comfort to think it is then you need to get real!!!
This lot are in danger of making Brown look like a f**king hero. Osbourne is a goon of the frst order and you can only cut back if you keep the economy growing, it's a basic rule of not even econimics, but comon sense yet he seems devoid of any of that like most politicians!!
F**k me this place is a joke sometimes as are half the f**king posters!!!
They sure are picking easy targets and the wrong ones. Looks like working class is getting it in the neck and johnny rich is laughing all the way to the bank.
31 January 2011, 09:32 PM
#26
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Really, we are doomed with that dozy thick mummies boy Osbourne ..... he has £millions in the bank of inherited money - so has Cameron - and every one of the other Tory cronies in the cabinet.
Do they know what it's like to do a days work? Do they FKCU!!
Do they know what it's like to do a days work? Do they FKCU!!
31 January 2011, 09:48 PM
#27
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a few of years ago a newspaper interviewed a couple of city bankers/lawyers and the general consensous between them was that the average UK wage was about 75K
so a bonus of 200K is only just over double the average wage, -- not much really, they are usually in work by 7.00am
so a bonus of 200K is only just over double the average wage, -- not much really, they are usually in work by 7.00am
75 k is NOT the average wage.
Getting to work by 7am means you 'deserve' a 200 k bonus? I'm not saying they don't 'deserve' it but such a rationalization is absurd.
31 January 2011, 10:00 PM
#28
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I think he was saying that they were living in a world of high salaries and therefore had a certain perspective.
I guess I am the same ... tonight I was talking to a Technical Author who is on £140,000 a year (for a 4 day week).
So, to me, in my world .... £42,000 is a very small wage for anyone to live on.
Different perspectives, different viewpoints.
I guess I am the same ... tonight I was talking to a Technical Author who is on £140,000 a year (for a 4 day week).
So, to me, in my world .... £42,000 is a very small wage for anyone to live on.
Different perspectives, different viewpoints.
31 January 2011, 10:02 PM
#29
Why is it always the government that gets blamed for everything ?
The one constant is the population, I suppose I see it like diets, you can call people "Big Boned", you can blame hormones or make any multitude of reasons why someone is fat, the basic premise is that calories taken in is greater than calories used and you put on weight, reverse it and you lose weight, same with the government, they can only work with what they have, garbage in, garbage out and when you take into consideration some of their poor decisions you can see why its a double whammy.
I agree with F1 as well, he has it bang on and I do think that the Tories are makign a better stab of it, as a country we need some home truths, we need a kick up the **** to get back to work, to not sponge off others for a living and this is why we are about to get our ***** kicked globally in business by the Chinese and Indians, we may "think" we are better than them but they are hungry for success, they dont carry any dead wood and the people are used to working very hard for a living.
You could put any goverment in no 10, a dream team of the worlds best politicians, economists, strategists and whatever and they would still end up with the same conclusion, that we are up **** creek.
The one constant is the population, I suppose I see it like diets, you can call people "Big Boned", you can blame hormones or make any multitude of reasons why someone is fat, the basic premise is that calories taken in is greater than calories used and you put on weight, reverse it and you lose weight, same with the government, they can only work with what they have, garbage in, garbage out and when you take into consideration some of their poor decisions you can see why its a double whammy.
I agree with F1 as well, he has it bang on and I do think that the Tories are makign a better stab of it, as a country we need some home truths, we need a kick up the **** to get back to work, to not sponge off others for a living and this is why we are about to get our ***** kicked globally in business by the Chinese and Indians, we may "think" we are better than them but they are hungry for success, they dont carry any dead wood and the people are used to working very hard for a living.
You could put any goverment in no 10, a dream team of the worlds best politicians, economists, strategists and whatever and they would still end up with the same conclusion, that we are up **** creek.
31 January 2011, 10:02 PM
#30
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You want an honest answer. Well for a start not putting VAT up at the same time fuel is rising and at the same time you are cutting student grants and at the same time you are hacking away at the public sector.
Why? Because it shatters consumer and consequently business confidence at a time when any recovery was already a fragile one. To be honest the 2.5% rise in VAT will not see the rise in revenue the government think it will as there is no more money in people's pockets so they just won't spend the extra becuase they can't.
No, if you want to cut how about pulling our troops out of Iraq and Afghanistan immediately, it's America's war, let them fight it. Stop all overseas aid. Stop taking asylum seekers ... oh dear it is against human rights, well tough. Cut benefits to a bare minimum and make those without a job work for that benefit. If they really wnat to get tough that is the sort of thing they need to do not take the easy option of crippling the recovery by putting VAT up and playing the tough man. They won't do it because it would be political suicide and their jobs and power are more important than the country.
Oh and for your information this isn't just Labour's mess. I am f**king sick of people like you telling everyone that. THERE WAS A F**KING WORLD RECESSION!!! Sure Brown and Labour didn;t help with the position they put us in, but it is not JUST their fault and if it gives you some sick crumb of comfort to think it is then you need to get real!!!
This lot are in danger of making Brown look like a f**king hero. Osbourne is a goon of the frst order and you can only cut back if you keep the economy growing, it's a basic rule of not even econimics, but comon sense yet he seems devoid of any of that like most politicians!!
F**k me this place is a joke sometimes as are half the f**king posters!!!
Why? Because it shatters consumer and consequently business confidence at a time when any recovery was already a fragile one. To be honest the 2.5% rise in VAT will not see the rise in revenue the government think it will as there is no more money in people's pockets so they just won't spend the extra becuase they can't.
No, if you want to cut how about pulling our troops out of Iraq and Afghanistan immediately, it's America's war, let them fight it. Stop all overseas aid. Stop taking asylum seekers ... oh dear it is against human rights, well tough. Cut benefits to a bare minimum and make those without a job work for that benefit. If they really wnat to get tough that is the sort of thing they need to do not take the easy option of crippling the recovery by putting VAT up and playing the tough man. They won't do it because it would be political suicide and their jobs and power are more important than the country.
Oh and for your information this isn't just Labour's mess. I am f**king sick of people like you telling everyone that. THERE WAS A F**KING WORLD RECESSION!!! Sure Brown and Labour didn;t help with the position they put us in, but it is not JUST their fault and if it gives you some sick crumb of comfort to think it is then you need to get real!!!
This lot are in danger of making Brown look like a f**king hero. Osbourne is a goon of the frst order and you can only cut back if you keep the economy growing, it's a basic rule of not even econimics, but comon sense yet he seems devoid of any of that like most politicians!!
F**k me this place is a joke sometimes as are half the f**king posters!!!
