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!

My husbands pay slip!!!!

… are you adding the 20% basic rate and 40% higher rate together, and thinking he’s paying both simultaneously on the full amount?

Just because that’s not how that works.

I'm stunned anyone is surprised.

Bit judgemental. What's wrong with being a full time mum who is also working and bringing in a part time salary, if her husband earns enough to support the family?

If he tells you that’s the tax he’s paying, and that’s what you’re seeing in the bank account every month, then I have no reason not to believe you, but the tax thresholds are what they are and it means he is squirrelling money away - does he gamble? Does he have a drug problem? Could there be another woman/secret family? Maybe a sex addiction - do you think he could be using sex workers? Could someone be extorting him for cash?

Because as other posters have pointed out, the UK tax system is transparent.

Are you serious? You don't vote because it's a man's job? Do you not care that people died so women could get the right to vote? Apathetic people like you are the reason the UK is in such a mess - imagine if everybody cared so little and followes you in not voting?

It doesn’t though, tax rates have not been changed for low paid workers, they’re not paying any less tax and the further freeze to the nil rate band means fiscal drag will ensure they’ll be paying more and more tax.

How hard earned? If inherited wealth is it ok to tax that?

Nothing.

You just shouldn’t come on the internet and shout about tax you don’t pay, on money you don’t earn, like it’s a joint income when really - your husband is the one earning it.

Leave the fury about tax to the taxpayer.

He's not paying 60%.

I don't disagree with the point you're making and think the budget was an utter shambles BTW. But even though the marginal rate on earrings over 100k make an 'effective' tax rate of 60%, he is in no way paying 60% tax on his earnings up to 100k, that's not how the system works.

Agree. It’s a balanced budget that reflects the state of the economy and public services. I think the chancellor has done well to pick her way through a minefield and as a business owner I am relieved that there isn’t anything in it that will materially unsettle my customers.

The key will be how well Labour use the increased tax to get things back on track after years of managed decline and global disaster.

And this is why my parents drew their disposable income in cash and kept it in fire proof safes in the house. No savings to declare. And I don't blame them. Worked their arses off like most and would then get their pants pulled down by the government for more tax.

Are you going to blow up the property if the tenants won't/can't pay higher rent? Otherwise it will stay available for someone to live in, it just won't be rented out by you.

Honey..

So what you're saying is people who work their asses off and earn a good salary to support their family aren't entitled to moan about tax rises in the budget? Get a grip, honestly. OP has as much right to moan as anyone else. Having enough money to enjoy life doesn't mean you don't get to complain when the government tries to take more of that money that you've worked hard for.

Dreadful behaviour and modelling

I’ve honestly done the wrong thing in life saving up and getting on to the property ladder. I should’ve had kids at 18 and got a council property……
#RegretMyLifeChoices

Not very inflation savvy

You mean, you wouldn't want to live in the place we currently live in? To be clear, there isn't a safety net to catch the majority of people when they fall. Single people. Self employed people. I lost all my clients earlier this year and was scraping by on £600/month, not even enough to cover rent and was told I earned too much for UC or to get on the housing list. The woman at the council actually recommended coupling up and popping out a couple of babies, as then I'd be a priority and get money from the government. This country is a joke.

Yes I bet you’d swap in a heartbeat

That’s what she means

Exactly! Isn’t anyone who is a parent a full time mum!? Clearly not!

think I would 😂😂 I am actually very jealous of many people on benefits… I want to chill at home and get my nails done every couple of weeks. Instead I’m up every day surviving on coffee and avoiding turning the heating on 😂 I’m a mug!

You've mixed up child benefit and the benefit cap. The benefit cap restricted how much a family could claim if on mean tested support. It's separate from child benefit which is actually paid for ALL children (and relevant to your number)

What Reeves has done is unlock benefits for all the children in a family. It's equivalent to approx £3,600 per child per year depending on the household income.

The thing is, these benefits (unlike pensions and your salary and savings) are tax exempt and indexed to inflation. So you actually can end up better off on benefits because even if you're in work and are affected by the frozen tax thresholds and now being taxed - your benefits remain tax exempt and will RISE in line with inflation. Unlikely your salary will rise at the same rate and, at any rate, it will be taxed and if it's a good raise...potentially move you into a higher band.

And people will make choices to keep those benefits rather than work more and rise above tax thresholds... This is well documented...people do this at all tax threhsolds. It totally disincentives work. I can't believe the Labour party can't see this.

It's a bit bonkers to me. People get a pay rise while freezing thresholds... People in work won't really see the pay rise in a year.

I'm all for a benefit system but this is just disincentivisng in all new ways.

@Luckyingame why are you putting up rent as a result of the budget?