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!

It is not inevitable. It is only inevitable if taxes aren't cut. With an ageing population it should be easier to raise more in taxes but equally easier to cut the tax thresholds. However this can only be achieved with growth in the economy, jobs and rewarding work. This budget delivers the opposite.

go and live in Birmingham with the rubbish piling high, get a taste of how each and every town would look with everyone for themselves

no state schools, no street lighting and police will not be present either - so hope you don't get robbed

Then you don't need to compell everyone else to pay more tax?

Same here - people just react to scaremongering headlines though. This is a decent budget.

That's a labour city though so kind of kills your point.

@tramtracks it is inevitable because there is a shrinking working population and the cost of public services will keep increasing. How do we achieve growth whilst lowering taxes against a backdrop of nearly 2 decades of low growth?

Which is a more than fair system. I don't view the welfare system as 'handouts' more like support. Some of those exempt from the benefit cap will be caring for a disabled child. I do not believe others in our society deserve a lower quality of life because of situations often out of their control.
Over half of the benefits expenditure goes to pensioners. How do you suggest those 'handouts' are more cost-effective? Because with a lowering birth rate and the UK becoming very anti-immigration, we will experience a totally different Britain when we hit pension age.

Why do I need to justify anything to you?

I have opinions, some people say they don't like them (although they're often too angry to convey this politely) and some people say they don't understand them.

What part of the tax are you so fuming about? You don’t pay any tax on your earnings and your DH yes will pay just over 30k in tax. You’re a household of just under 80k a year so I don’t think you’re doing too bad.
You’ve wrote this post and then ran… did you just want to get people ranting?

Op, learn to play the game this inept Government is pushing us towards. Get some proficient tax advice. Tax should be simplified as its proven historically to improve compliance.

No country has ever taxed itself to prosperity.

Could your DH be doing salary sacrifice into his pension to bring his earnings down a tax band. This may open the doors.

And well done for dragging himself up against adversity and positively contributing towards the country.

Agreed. The budget was fair and unsurprising in many areas.

You are not a tax payer at all, so everything you take from the state, including the roads you drive on, the NHS, the police service, the fire service, and all other public services you use, are being paid for by tax payers like your husband.

Your husband is not paying 60% tax.

He is paying approximately 27% of his income in tax. If £6.5k is a struggle for you to live on, maybe you should work more hours.

Disagree. It incentivises people having more children (that they cannot afford) and doesn’t encourage people into work. It’s bad for our economy.

Why the £30bn tax hike after pledging not to?

lets see the birth rates in 5 yrs

They should have only lifted the cap for working families, to encourage people to work.

The markets don’t seem to have reacted as they did re Truss as some predicted….

No incentive to work or save anymore. This is a race to the bottom. Bare minimum for all.

It’s the opposite of common sense actually.
A common sense approach would be to look at other countries with universal child benefit and compare the average family size.
Take Ireland your closest neighbour - Child benefit is universal and is a €140 per child per month.
Average family size in Ireland is 2.74, average family size in UK 2.4. So yes Ireland has a bigger family average size than uk but its marginal and Irelands average family size is decreasing year on year thus its fair to assume more child benefit does not equals more babies.

@ledmeupi don’t believe fast growth is ever going to happen again as it did in the past. We need an acknowledgement from the government that the world is changing and doing the same rinse and repeat isn’t going to work anymore.

the fact is we should be embracing the falling birth rate. Incentivising it even. AI is changing the world at an impossible speed and there are just not going to be the level of professional jobs required as there once were. I can do a job single handedly that 25 years ago took at least 6 people. I reckon with a few years that will be 1 person doing a job that 8 people used to do. I don’t get paid the salary of those 8 people. I can get chat gbt to write things that would take me a week to put together.

the world is changing fast.

yes we have to think about pensions and how we look after our elderly but within 30 years that elderly population will be smaller and smaller and the pressure on homes will decrease as the working population falls.

this is to be embraced and planned for rather than what the government is doing now.

The markets are fine with £30bn more taxes. The voters oth

The amount of people who will see the child cap lifted and think 'oh yeah let's push out another' will be minimal 🤣 children are hard work, expensive, emotionally challenging but assets to society and the next generation of contributors.
What exactly would have liked to have seen in thr budget?

Yeah, cus everyone who has more than 2 kids is claiming benefits 🙄

We don't get child benefit because, like you, one of us is a high earner.

Doesn't mean I have to begrudge everyone else who gets it!

I guess that is the right-wing way though, right? Begrudging anyone who needs help while backing farmers to get out of paying inheritance tax?

If you have any sense you'll invest a bit of cash into converting part of Mum's house for rental and make her a bit of money.

Old people rattling around in big houses in major cities isn't ideal for anyone.

When did MN become the last bastion of Thatcherite social policy?! Some of the stuff I’ve read would be too hard right for the Telegraph.

I don't care one jot about labour's so called interpretation of 'fairness'. I care enormously about economic growth which can then deliver more tax and enhance our public services and enable the affordability of our huge welfare bill. There was absolutely nothing in this budget which addresses that. Quite the opposite.

Budgets aren't supposed to be all about fairness and who gets what - they are supposed to encourage economic growth.

This was a budget wholly to appease labour's backbenchers who have marginal seats in constituencies in areas where the child benefit cap mattered.

This is a disastrous budget. No encouragement for overseas investment, nothing to encourage companies to employ more people or domicile themselves here with a lowering of the corporation tax. This coming year will be a disaster. We will start to see much lower tax revenues, higher unemployment and a crippling welfare bill.