The Budget...

[Wembley67]

Now I've not read the whole thing in detail but I've always wondered why people get penalised for having to pay a higher tax when earning over a certain amount. They have upped the tax to 50% for people earning £150k+

It's absolute rubbish.

At the other end of the scale you get taxed 40% for earning approx £35K per year which again is ridiculous as £35k is certainly an achievable figure for the everyday worker (if you put your mind to it :greengrin).

I can see no sense to it in the slightest, anyone care to enlighten me :cool2:

ps fuel dutty up by 2p per litre in September :rolleyes:

[blaikie]

Now I've not read the whole thing in detail but I've always wondered why people get penalised for having to pay a higher tax when earning over a certain amount. They have upped the tax to 50% for people earning £150k+

It's absolute rubbish.

At the other end of the scale you get taxed 40% for earning approx £35K per year which again is ridiculous as £35k is certainly an achievable figure for the everyday worker (if you put your mind to it :greengrin).

I can see no sense to it in the slightest, anyone care to enlighten me :cool2:

ps fuel dutty up by 2p per litre in September :rolleyes:
That's all we need. Prices at the moment are getting higher everyday :rolleyes: Last time I looked it was around 98p a litre :grr: Oh and 2% increase on Booze and cigarettes. BBC are saying thats around 5p extra on a pint :cool2:

[Woody1985]

Now I've not read the whole thing in detail but I've always wondered why people get penalised for having to pay a higher tax when earning over a certain amount. They have upped the tax to 50% for people earning £150k+

It's absolute rubbish.

At the other end of the scale you get taxed 40% for earning approx £35K per year which again is ridiculous as £35k is certainly an achievable figure for the everyday worker (if you put your mind to it :greengrin).

I can see no sense to it in the slightest, anyone care to enlighten me :cool2:

ps fuel dutty up by 2p per litre in September :rolleyes:

I'm not sure if you've understood or maybe worded it incorrectly but people over 35k and 150k don't get taxed at 40% & 50% respectively. They are taxed at those rates for earnings over those amounts e.g you pay 0 on the first 6.5k then 20% up to 35k (or whatever it is) and then 40% on earnings over that, then 50% on earnings over 150k.

Don't know why but I'd imagine it probably keeps taxes lower for the average person. But at the same time probably by not a lot as there won't be as many people earning over 150k. It also means they can appeal to the majority of voters by making it appear like the rich are taxed through their arse.

[Frazerbob]

That's all we need. Prices at the moment are getting higher everyday :rolleyes: Last time I looked it was around 98p a litre :grr: Oh and 2% increase on Booze and cigarettes. BBC are saying thats around 5p extra on a pint :cool2:

You need to shop around a bit more. Morrisons are currently 92.9p which is the highest they've been for a few months. I do agree however, the cost of petrol is going to end up arounf the £1 per litre mark again soon.

[Just Jimmy]

That's all we need. Prices at the moment are getting higher everyday :rolleyes: Last time I looked it was around 98p a litre :grr: Oh and 2% increase on Booze and cigarettes. BBC are saying thats around 5p extra on a pint :cool2:

33% of your pint goes the the government.

that means when you have 3 pints your giving the government the money for one.

[RyeSloan]

Now I've not read the whole thing in detail but I've always wondered why people get penalised for having to pay a higher tax when earning over a certain amount. They have upped the tax to 50% for people earning £150k+

It's absolute rubbish.

At the other end of the scale you get taxed 40% for earning approx £35K per year which again is ridiculous as £35k is certainly an achievable figure for the everyday worker (if you put your mind to it :greengrin).

I can see no sense to it in the slightest, anyone care to enlighten me :cool2:

ps fuel dutty up by 2p per litre in September :rolleyes:

While I agree that substantially higher wages could/should be taxed at a higher rate I do think the 40% tax band is simply too low. It effects a lot of hard working people who have done bloody well to get to a reasonable wage yet what is their reward for such industry.....yet more tax to the government.

The higher tax bands should be on the 'genuinely' rich....someone getting £2k or so a month in their pocket may be no pauper but they could hardly be described as rich.

The whole tax and esp the NI system in Britain is extremely unfair on PAYE workers and I strongly support the idea of a government that taxes less and spends less....sadly we have been sadled with a Labour Gvt for years and years that have done the complete opposite and now with the fantastic mess they have got us into not even the Tories can promise tax cuts anymore. :bitchy:

As ever it is the average Joe, working his ass off that gets hit the hardest and just when he might be getting some success is hit again and again.

[Andy74]

While I agree that substantially higher wages could/should be taxed at a higher rate I do think the 40% tax band is simply too low. It effects a lot of hard working people who have done bloody well to get to a reasonable wage yet what is their reward for such industry.....yet more tax to the government.

The higher tax bands should be on the 'genuinely' rich....someone getting £2k or so a month in their pocket may be no pauper but they could hardly be described as rich.

The whole tax and esp the NI system in Britain is extremely unfair on PAYE workers and I strongly support the idea of a government that taxes less and spends less....sadly we have been sadled with a Labour Gvt for years and years that have done the complete opposite and now with the fantastic mess they have got us into not even the Tories can promise tax cuts anymore. :bitchy:

As ever it is the average Joe, working his ass off that gets hit the hardest and just when he might be getting some success is hit again and again.


I've normally found the rich (those earning big salaries as opposed to born rich) are or have been even more hard working than the average to get themselves there in the first place. It is a bit of a penalty but it's one that suits the masses.

[Woody1985]

That's all we need. Prices at the moment are getting higher everyday :rolleyes: Last time I looked it was around 98p a litre :grr: Oh and 2% increase on Booze and cigarettes. BBC are saying thats around 5p extra on a pint :cool2:


You need to shop around a bit more. Morrisons are currently 92.9p which is the highest they've been for a few months. I do agree however, the cost of petrol is going to end up arounf the £1 per litre mark again soon.

See www.petrolprices.co.uk (http://www.petrolprices.co.uk)

[Sylar]

And people question why I'm keen to leave the UK once I get my doctorate!

[Hannah_hfc]

That's all we need. Prices at the moment are getting higher everyday :rolleyes: Last time I looked it was around 98p a litre :grr: Oh and 2% increase on Booze and cigarettes. BBC are saying thats around 5p extra on a pint :cool2:

1p a pint, 7p on cigarettes :wink: (http://http://news.bbc.co.uk/1/hi/uk_politics/8011321.stm)

[blaikie]

1p a pint, 7p on cigarettes :wink: (http://http://news.bbc.co.uk/1/hi/uk_politics/8011321.stm)
"Page last updated at 14:40 GMT, Wednesday, 22 April 2009 15:40 UK"
Wrong info they put out :cool2: Typical BBC

[Onceinawhile]

Should be a specific tax for those earning over 1 million a year :agree: 60%:agree:

[hibsboy90]

Should be a specific tax for those earning over 1 million a year :agree: 60%:agree:

Would this not result in people leaving the uk, for places where their skills and experience are appreciated by the state, instead of one where they feel punished for being successful. Also, those further down the chain, who have ambitions to make this amount of money, may not strive to do so, seeing the diminishing returns for doing so a great turnoff.

The trend seems to be that the more you put into the system, the least you get in return for it. If I earned over a million a year, and someone wanted to take away 600k of it, supporting maybe 12 full families around the country, or more. Yet still having the pish ripped out of me at every budget, then i would leave the country to somewhere i was more appreciated.

[iwasthere1972]

Alistair Darling "So I am going to guarantee for everyone under the age of 25 whose been out of work for 12 months they'll be offered a job or place in training"

How is that going to be possible with unemployment at over 2 million. How many of those people who have been unemployed for a year or more actually want to work? Some haven't done a days work in their lifetime so that announcement will fill them with dread. Lazy barstewards....too many of them opting for the easy life. :grr:

[MyJo]

Would this not result in people leaving the uk, for places where their skills and experience are appreciated by the state, instead of one where they feel punished for being successful. Also, those further down the chain, who have ambitions to make this amount of money, may not strive to do so, seeing the diminishing returns for doing so a great turnoff.

The trend seems to be that the more you put into the system, the least you get in return for it. If I earned over a million a year, and someone wanted to take away 600k of it, supporting maybe 12 full families around the country, or more. Yet still having the pish ripped out of me at every budget, then i would leave the country to somewhere i was more appreciated.

if you were earning £1m per year you would be employing someone to ensure your tax bill is nowhere near £600k by finding every single possible loophole in the system that there is to exploit :greengrin

I agree entirely with your sentiments as well :agree:

[RyeSloan]

if you were earning £1m per year you would be employing someone to ensure your tax bill is nowhere near £600k by finding every single possible loophole in the system that there is to exploit :greengrin

I agree entirely with your sentiments as well :agree:

No need to employ anyone, just by a farm anywhere in Europe and you are half way to tax avoidance heaven ...there you go easy huh!

[hibsboy90]

No need to employ anyone, just by a farm anywhere in Europe and you are half way to tax avoidance heaven ...there you go easy huh!
Not to mention the different properties in your children's names.:greengrin

[Wembley67]

I'm not sure if you've understood or maybe worded it incorrectly but people over 35k and 150k don't get taxed at 40% & 50% respectively. They are taxed at those rates for earnings over those amounts e.g you pay 0 on the first 6.5k then 20% up to 35k (or whatever it is) and then 40% on earnings over that, then 50% on earnings over 150k.

Don't know why but I'd imagine it probably keeps taxes lower for the average person. But at the same time probably by not a lot as there won't be as many people earning over 150k. It also means they can appeal to the majority of voters by making it appear like the rich are taxed through their arse.

Apologies I totally put over what I was thinking incorrectly....for me bottom line is if you work honestly then it should be the same tax for everyone that is going out to actually try and earn a living, all the layabouts they can bolt everyone can get a job if they put there mind to it....even me!

[Phil D. Rolls]

Seems to me that a lot of people want something for nothing. They want public services but don't want to pay for them.

The reason I don't have a problem with taxing the rich is that I think there is only so much money that you need. I also feel that the rich are claiming more than their fair share of the wealth that is generated.

I don't buy the hard work thing, when a lot of high earners are rich because their parents were. They trade off inherited wealth, or take advantage of the priviledge that their private educations have given them. I don't see how there is any incentive for people to work hard when they are disadvantaged from the day they were born.

The rich are able to buy services that help them protect their wealth. Things like tax accountants, who make their living out of helping people avoid making their contribution to society. If someone claims all the state benefits they are entitled to they are scroungers. Yet if someone makes money out of simply having money, they are clever. How does that work?

One way to give every child a fair start is to limit the amount of advantages their parents can buy for them.

Finally, £50k a year sounds like a lot of money to me, yet the new tax rate is aimed at those of three times that amount. There's enough to go round.

[hibsbollah]

The rich depend on 'the system' just as much if not more than the poor, despite some of the posts above. How many of the high earners would have succeeded in life without a good quality maternity ward to take care of them in the first hours of life, a health visitor, a decent nursery school, good quality higher and secondary education, Govt funded business grants, student grants, (not to mention things that improve everyones quality of life; transport, policing, school trips, infrastructure projects, swimming pools, football pitches, bombing the beejesus out of Iraq:wink: the list goes on and on and on). All these things need paid for by taxation, of one sort or another.

We are all part of society/no man is an island/the circle of life/ insert your own cliche:blah::greengrin. But its true.

[JimBHibees]

Taxing the highest earners is nothing more than posturing to appease the masses. As stated above there are so many tax loopholes that rich people can use. Means nothing. No doubt alot of the hard decisions will be made after the next election.

[BravestHibs]

Would this not result in people leaving the uk, for places where their skills and experience are appreciated by the state, instead of one where they feel punished for being successful.

What is forgotten is that the reason these people can make this amount of money is that they have a stable plateau here in the UK from which to make it. (Global downturn not withstanding) The government, in my opinion, is entitled to charge more for rich people than for poor people as the rich admittedly may or may not have become rich in another country but the chances in the UK have to be among the highest of anywhere in the world (although I have no figures to back that up). If you rent a shop on princes street it'll cost you more than one out of the way because the potential to make money is alot higher than the in the other premises, the same applies here. It will cost you more to live, you'll pay more taxes but your earning potential here is alot higher than say Hungary. It's all very well to p*ss and moan about taxes going up but at the end of the day we've got it pretty sweet here in the UK whatever your lot happens to be, and that is as a direct result of the sometimes ludicrous taxes we pay. My view is that it is for the greater good as has been proved in Sweden which has some of the highest taxes in the world but still enjoys some of the highest if not the highest standards of living in the world.

The more egalatarian a state, the better everyone gets along.

http://www.independent.co.uk/opinion/commentators/johann-hari/johann-hari-the-one-lesson-of-this-crisis-is-the-need-for-a-more-equal-society-1668814.html

P.S had I read hibsbollah and filled rolls' posts I probably wouldn't have pretty much reiterated what they had just said.

[Phil D. Rolls]

What is forgotten is that the reason these people can make this amount of money is that they have a stable plateau here in the UK from which to make it. (Global downturn not withstanding) The government, in my opinion, is entitled to charge more for rich people than for poor people as the rich admittedly may or may not have become rich in another country but the chances in the UK have to be among the highest of anywhere in the world (although I have no figures to back that up). If you rent a shop on princes street it'll cost you more than one out of the way because the potential to make money is alot higher than the in the other premises, the same applies here. It will cost you more to live, you'll pay more taxes but your earning potential here is alot higher than say Hungary. It's all very well to p*ss and moan about taxes going up but at the end of the day we've got it pretty sweet here in the UK whatever your lot happens to be, and that is as a direct result of the sometimes ludicrous taxes we pay. My view is that it is for the greater good as has been proved in Sweden which has some of the highest taxes in the world but still enjoys some of the highest if not the highest standards of living in the world.

The more egalatarian a state, the better everyone gets along.

http://www.independent.co.uk/opinion/commentators/johann-hari/johann-hari-the-one-lesson-of-this-crisis-is-the-need-for-a-more-equal-society-1668814.html

P.S had I read hibsbollah and filled rolls' posts I probably wouldn't have pretty much reiterated what they had just said.

I think you said it a lot better than me. :thumbsup:

[hibsbollah]

I think you said it a lot better than me. :thumbsup:

...and me:faf: