Tax TAx TAX!!!!!! Fuming at our government!

[Baldylovingbeard]

please try and convince me otherwise…..

What a joke this government are!!! ( UK)

Let’s just tax everyone who earns a bit of cash!!! Oh and while we’re at it… go on have loads more children it’s ok others will pay for them!!! Cutting the 2child benefit cap! If you decide to have multiple children you should be able to afford to provide for them. NOT expect others too!!!!! If you fall on hard times and you’ve worked and contributed to paying tax than you are within your rights to claim tax this is what benefits were made for, it’s not a means to not work, have more kids….etc!

Oh and if you work really hard and want to put some money by for you later days in life…. You’ll be taxed!

My situation:
Part time work, full time mum to 1 child. I work for myself and earn around 10k this money usually pays for things our daughter needs… clothes, clubs, any treats.
Husband works long hours, his under a lot of stress with his job, he has worked his way to and earns a very good salary 100k he gets taxed 60% you do the maths on that! We live in a 3 bed around £280k so nothing crazy but live within our means. We have one car! One holiday a year! Put money into savings! Pension! our daughter goes to one after school club. My husband got kicked out of home at 16…. He has worked with no help from family or friends and I believe he has worked very hard to get to where he is now. we are generous with charity’s and try our best to help out when we can if we can!

I agree OP but suspect you're about to get flamed!

That's a bit rich considering you work part time. How lucky you are that you married someone who can subsidise that choice you've made.

Why is that “a bit rich”? They’ve made a decision as a family and aren’t asking anyone me to fund it

She's not expecting the tax payer to top up her wages though.

This govt is a joke
If you get off your backside to look after yourself you get f k d
I have voted Labour all my life
Destroying the economy#
Shafting anyone who tried to look after themselves
NEVER EVER AGAIN

RR had just said “if you live in a £5m house you can probably afford it”, and that’s the mindset issue that’s the problem

it’s not about affording it, it’s about how much of their hard earned money people should be able to keep.

Should your DH pay less tax because he came from nothing?

I think scrapping the 2 child policy is the right thing to do, it won’t lead to lots of new babies.

Yes, the frozen tax bands are frustrating and I had hoped they would be lifted. I think child benefit should be universal.

He doesn't get taxed at 60% by the way.
First 12k free of tax, then basic rate up to 50k, then 40% beyond that. Between 100-125 is also at 40% but because you gradually lose your PA in that space, the effective rate is higher.
But please don't think he pays £60,000 tax on his £100,000 salary, he doesn't.

You're not wrong , OP, but sadly anyone who remembers the 1970s pretty much knew that this would happen..... and yet the electorate voted them in 🤷‍♀️

if he is taxed 60% on 100k, he needs to sort that out. Tax and NI is 32k on 100k.

You don’t pay 60% tax on 100k though

But she’s not working part time and expecting the tax payer to pick up the bill, is she? Her husbands job allows her to be part time while she is raising children.

If taxing our joint 130k income more means low paid workers pay less, I’m ok with that.

I hear you OP and couldn’t agree with you more.
It’s disgraceful how much workers and people that have worked all their lives are squeezed dry.

£30bn again in tax rises. People were warned pre GE Labour would tax, and spend more on benefits

I broadly agree except when it comes to the super rich and tax on unearned income.

See attached picture: In a rich village in London where I live, this is a not-unusual rise in price in just under 30 years. A property now worth nearly 6m; most of this rise has not been earned. Is it fair that this is untaxed?

I certainly don’t want to fund lazy people to have lots of kids they can’t afford. I also don’t want to fund rich people to live off the fat of their investments untaxed.

Where are you getting a 60% tax rate from?

Well they did try & cut benefits so not much scope left except to raise taxes.

I 100% agree with you about the child benefit cap, it definitely should not have been removed.

The effective tax rate between £100-125k is 62.5% inc NI.

No matter how you paint it, every extra penny you earn over £100k up to £125k is taxed at this rate.

Research on the 2 child limit showed that it hardly had any impact on fertility. The number of children in poverty has increased since the limit was introduced.

So the idea that people happily have lots of children knowing the taxpayer will pay for them isn’t based in fact. What is happening is that people have 3 or more children who can afford them at the time then fall on hard times.

I don't think people have a problem with that. The problem is when a family is better off on benefits than they would be working full time in a minimum paid job. That's what is wrong and needs to be looked at.

In an ideal world people would only have the kids they can afford. But it’s not an ideal world, so kids shouldn’t be penalised for their parents choices. DH earns many times the national average, so we’ll be negatively impacted by many changes as a household, but the 2-child cap and rape clause are not good policies and I’m glad to see the back of them

@FurbieFan

This is a problem. There is huge disparity with tax regarding where your money comes from & a lot is generational with high housing costs penalising the young.

I will be using the scrap of child benefit cap and getting my moneys worth