AIBU that working people should be rewarded in the Budget?

The NHS etc need to look at where their allocated money goes, they're all management heavy with some very bizarre job titles that having nothing to do with making people better or whatever their field is.

Employers’ NI needs to be increased a lot. Much of the economic and fiscal problems we have are due to the shifting of tax burden from corporations to individuals.

Wages are artificially kept low to benefit corporate profits and thereby increase dividend income to high net worth individuals which is taxed below their earned income category tax rate.

Then businesses don’t pay enough NI to fund out of work benefits for their employees when they go under or do mass redundancies. They don’t pay enough NI to support employees disabled on the job. They don’t pay enough NI to support the NHS for all the occupational caused injuries and illnesses their employees get from working for them. They don’t pay enough NI to fund state pension to a decent standard of living for when their workers are too old to work.

Yes employees should contribute NI as well, but the bulk of it should be paid by businesses who are profiting from their labour.

Thanks for putting into words exactly what I was thinking. Half the OP's posts are illegible. Mind you, they must be the OP who was previously DistinguishedSocialCommenator and is now DistingusedSocialCommentator

I don’t disagree with this, earners need to see better benefits all round and those on lower salaries do need more help than they are currently getting. The effective 60% tax in that range is a problem though because it disincentivises higher earners from earning more so overall, the tax revenues are probably lower than they could be.

I think most people with an atom of sense do.

I agree... ☝️

“hundreds of himmilsns and more to go” “a far away country ie the Hotius”

I for one am fed up of himmilsns and hotius. Far too many for my liking.

Are you typing this with a dildo or something ?

The figures are not misleading, Statista has correctly calculated the disposable income by age category of households in the U.K. for 2022 according to the official economic definition of disposable income. It is simply all income minus all taxes.

What you think the definition of disposable income should be is neither here nor there as the economists set the calculation formulas that Statista follows. No one credible economist defines disposable income as income minus taxes minus childcare costs minus housing costs. Your conception is not the the economic definition or meaning of disposable income.

Barley stated in their opinion those with the most disposable income should pay the highest tax. They wrongly thought those were pensioners, when in fact it is 35-44yr olds.

You both retired early 50s, you think IHT should be abolished, at least 2 of your children are higher earners so no issues there, and you're only financially "ok"?

I'd say you're more than ok by quite some distance.

Back to your OP:

I think YABVU on IHT. On income tax - a small change would cost the treasury a lot, and they already made changes to NI didn't they? So I'm on the fence.

The tax brackets do need to increase at some point however, they keep pushing it back.

Not just earners between those amounts.

Those just above most benefits (except maybe child benefit) eg earning 30k with two kids must really feel the squeeze.

Dh left his job a few years ago after forty plus years of full time work and now has a part time job
He is taxed on his private pension and this job
He has always paid in, so all this elder bashing isn't always justified
We did receive child benefit ( when it was universal) until that was stopped as he earned just over the threshold for that at the time.
Apart from free prescriptions and the energy payments the government gave everyone in 2022, we do not receive any other help and that's how it should be, but not everyone over 60 is dosing about and pays in via taxes indirectly and directly ( vat , car taxes etc)
I'm not sure how much more some mumsnetters expect people to pay in and we have never not paid our way as we have always been paye.

The budget isn't there to "reward" people. We all need to pay towards public services.

Obviously there are lots of different views on a fair way of taxing people, but I think YABVU to say that it's unreasonable for pensioners on private pensions to have to pay tax; pension income is still income, it should be taxed as such and pensioners still use all the services (arguably even more than younger people, given likelihood of failing health and age-related benefits such as free use of public transport and free prescriptions). The whole "I've paid in all my life" attitude badly needs to be dropped; we all need to pay in our whole lives, not just when working.

Given you were able to leave work in your early 50s, I'd say you have been in a privileged position with regard to finances.

I will say that it's fair game to comment on the poor spending decisions by the government. But that is separate argument, in my view, to whether or not we should be paying taxes.

Nor have I and I’m one of those pensioners. It’s right and proper that we pay tax. I can see absolute no reason to abolish a tax that only affects the wealthiest 4% of the population either. Particularly since the bulk of it’s likely to have been accumulated through house price inflation and has never before been liable for tax of any kind.

Because you have chosen to be economically inactive, you are not contributing the tax that you would normally be expected to at your age. If your income is high enough to be taxable, you should pay tax on it.
I haven't got a great deal of sympathy for pensioners moaning about paying tax either. Some - such as ex-teachers or other civil servants - have very geneous pensions with fewer outgoings than most working-age families so I am unsure why the feeling persists that they should not pay tax on their income.

I don't really understand the arguments in favour of removing IHT (and I say that as someone who would benefit from it).

Our country is already so unequal, it will only make that even worse.

I also find the idea of a society where work for most doesn't really afford them much... but then at 60+ they might inherit a load of money? This seems an odd way to organise ourselves.

The issue is you're confusing 'hard working' with paid well. Where quite often in society those working hardest are paid less.

There are people slogging their guts out on minimum wage, struggling to get by, fully planning on still working at 67.

I'd much rather they had a tax break than some dead multimillion pound estate.

Isn’t that what I literally just said? Those other countries that pay higher taxes are getting more for their money, better healthcare, childcare provision, education etc and I’m sure it would be the same here if the money was being spent appropriately. I pay plenty in taxes thank you and I’m peed off about how much I get taken off already when I’m not getting much back for that

Nah, just the same boring poster posting the same old boring tripe.

We also need to massively increase defence spending. What’s happening in Ukraine should make the reasons for that very clear.

It’s wealth that needs to be taxed, without that the inequalities in this country will grow and grow especially between those who own houses and those who don’t. So IHT is vital atm. And I speak as someone who owns my own home outright and will be affected by IHT on my parents’ home. Assets need to be taxed far higher. Personally I’d put a tax on cars at different thresholds as I’m sick of seeing all the range rovers and Teslas driving around while very hard working people are using food banks, but that’s just me .

There's not going to be an autumn statement.

Plus you're original post makes no sense.

YABU

@Barleypilaf
”Everyone should contribute tax, especially those with the most disposable income - i.e. pensioners.”

Never mind the pensioners - most of them are struggling and still paying tax. Anyone on benefits getting more than the Basic tax allowance should pay tax too - even if it does make money go round in circles. There are too many people claiming benefits, very often getting more than people who are working and paying tax and it isn't fair. Make everyone pay tax - and you are making it fair across the board.