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!

”Fully funded, fully costed”

‘We don’t need more, the slate is clean’.

You might want to pay more for Labour and you can, you can even do it voluntarily, luckily they can be voted out.

tax cuts haven't helped things like the NHS get funded

we are now supposedly paying more tax than ever yet tax brackets in the 1970s were 30% and 75%

who now is paying 75% + on income?

It’s not irrelevant if you earn £100k, because it impacts your incentives to earn more.

I don’t think she was implying he paid 60% on it all, I think she was referring to the situation I describe.

Not easily. Starmer will hang on by his fingernails until they bleed, and even then the slimy sod will find a way to cling on.

I pay 100% between £100-150k between tax and loss of benefits.

Well, I do believe that the chancellor will continue to increase taxes throughout the remainder of parliament now - a rubicon has been crossed.

But that money can be put to good work
for those who need it.

When this budget unwinds like the last - what next? I'm pretty sure pay by mile for electric cars will become pay by mile for all cars in a years time.

I agree, OP.

What are you on about? You seem to be suggesting that anything less than a 75% tax rate counts as non payment of tax by the electorate. That seems an unusual stance to have but not one that I think many people will be sympathetic to. But there are extremists of all stripes out there so i shouldn't be surprised!

He does not pay 60% tax on £100k. According to Salary Calculator, you would receive around £5700 a month after tax (with no pension taken out). This is an overall tax rate of around 32%. I think you are including pension and other deductions. Please don’t exaggerate.

really....

and this is where it gets silly, there isn't a 100% tax bracket

There may be less "income" tax but there are tons of new taxes governments have made up - here was no NI or even VAT in 1970. The overall tax burden is the highest it has ever been.

The benefits cap on earners over higher rate was brought in by George Osborne

https://www.bbc.com/news/uk-politics-11464300.amp

Are you suggesting we feel sorry for people in £5m houses and that their asset has not appreciated at all?

If they can’t afford to live there they’ll have to do what everyone else does and move? Live within their means. That’s how it goes I’m afraid.

So for people in Leeds West and Pudsey and people all around the country in Yorkshire and beyond, there will be a reduction of £150 in your energy bills from April next year. That is tangible difference, money in the pockets of working people.
R Reeves

Few focus on positives such as this!

Just over 12/month off your energy bills in six months time!

You seem to be suggesting that anything less than a 75% tax rate counts as non payment of tax by the electorate.

you've have said that - not me

what ive said is we had many tax cuts, but that has left services under funded

I also said we don't have tax brackets of 75%

you have decided, ive said

not having tax brackets of 75% is why NHS is unfunded

Because it was the single action the government could take to raise the most children out of poverty, and they did it. Anything that makes society more equal is a good thing to me.

Honestly, you make it sound like people earning over £100k are doing it for no reward. They’ll still be left with the post-tax extra income, so they’ll still be better off! So there is still an incentive to earn more, especially when you consider that at level, annual salary increases and/or promotion increases tend to be significant so it won’t be long before they’re over the £125k hump and paying 45% on the additional income, so still taking home a lot more than if they were earning under £100k.

I don’t know best. I just can’t understand how else we fund the level of education, social care and health that we all hope to have access to without increased taxation. If there’s a different solution I’d love to know.

And just to say, in case it’s in any way relevant, I am an additional rate tax payer and also a single parent. I already pay a lot of tax but I wouldn’t complain about having to pay more if that’s what’s needed.

BECAUSE THE CHILD ELEMENT CAP IS NOT THE GENERALISED BENEFIT CAP.

They are two separate things. The child benefit cap prevents people claiming for more than 2 children born after 2017 (with a few exceptions)

The benefit cap is the maximum amount a person or family is entitled to through welfare. It is around 1800 per month. So if a family who are not working with 4 children currently get 1750 a month. Lifting the 2 child cap would benefit them by £50. (These are not exact numbers but an example). Having more and more children will not financially benefit them because this cap remains.

You would be much better off if you earned 50k each.

The majority of tax is being spent on pensions not benefits.

I was a full time working mum in the 70s. My late husband had just started his business. So this is what deja vu looks like.

Case in point. Windsor and Maidenhead council.

Frozen council tax through the austerity years to prove what a good Cutting WASTE and low tax Tory leaning council they were. Excellent. I'm sure the tax should be voluntary commenters here would approve yes?

They are now facing bankruptcy and a 25% tax hike

https://www.sloughobserver.co.uk/news/24824102.rbwms-financial-crisis---went-wrong-windsor-maidenhead/

So i ask you again. You said we had years of non payment of taxes, what are you referring to?