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AIBU?

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Original poster

To believe that if Labour wins we wont be hit with 98% taxes?

231 replies

DistinguishedSocialCommentator · 19/04/2024 15:01

And the other day one of the Labour lot let slip taxing pensioner more than others

A bit of Labour what they say and do - the 98% tax

You an Google the 98% tax if you dont want to read the link

AIBU not to trust the Labour lot just like I dont trust the Tories

https://www.adamjwalker.co.uk/business/are-you-ready-for-labours-tax-bombs/

Are you ready for Labour’s Tax bombs? | Adam J Walker & Associates Ltd

When I started work in 1979 , the top rate of tax was 98%: 83% income tax plus a 15% surcharge on investment income. If you don’t believe me then Google it! I wasn’t earning enough in those early days to pay this tax rate myself but my boss was and he...

https://www.adamjwalker.co.uk/business/are-you-ready-for-labours-tax-bombs

OP posts:
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8
KestrelMoon · 19/04/2024 17:06

I can’t believe Rishi was saying he was going to get rid of PIP in return for giving people medical treatment. How? Medical treatment isn’t meant to be instead of PIP- despite the fact that many are being forced to use to to pay for long term therapy that the NHS should be providing for free. PIP is meant to cover the extra costs of being disabled, estimated at around £930 a month on average despite full PIP being less than that.

LlynTegid · 19/04/2024 17:02

Whereas if the Tories get in, there will be a 100% tax in all but name for some with the benefit plans Rishi Sunak has outlined earlier today.

theeyeofdoe · 19/04/2024 17:00

Of course we're not. How many months to we have of both tory and labour electioneering? STOP

pointythings · 19/04/2024 16:51

Of course we won't. You may not have noticed (and it wouldn't surprise me if you hadn't), but it isn't the 70s anymore and the Labour party of today is a very different animal.

Honestly, you do post such bizarre nonsense!

determinedtomakethiswork · 19/04/2024 16:45

You do realise that taxation is on a sliding scale don't you? So the first £12,500 is tax-free then the next bit is 20% going up to 45% and then up to 50% for anything you earn over about £125,000. That isn't 50% of everything you earn, just everything you earn over that amount.

If you really think that any government is going to recommend taxing everybody 98% of their wages then I think you're too stupid to vote quite frankly.

Abhannmor · 19/04/2024 16:42

Go away with your nonsense ...I l know I shouldn't click on this crap , forgive me....