How are you planning to vote if you earn over £80,000

[howtovote]

Just wondering the above really.
I can't stand the conservatives and always assumed I would vote Labour in this election, however with the tax increase over £80k I feel I'd be shooting myself in the foot a bit.
What do others think?

According to Google, corporation tax was 28% in 2010 when the Tories came to power, and now it's 19%. That's a pretty big tax break to me. Put it this way, I wish my pay had gone up as much in the same time period!

As I said, there has been auto enrolment and the rise in the minimum wage to cover that but I accept it's a large reduction, which has been implemented slowly over a number of years. You are assuming that this is taken as pay, in reality it really isn't, the money is invested, it covers the increased costs we are facing at present. Specifically, we have employed 2 more people, one of which is an apprentice who we pay double what we legally have to. That's also 2 more wages being spent in the economy, it's also 2 more lots of NI and PAYE etc being paid to HMRC, hopefully funding things like the NHS etc...it's not being used to fund expensive Caribbean holidays.

But, just to be clear, I am not in any way trying to compare my circumstances to others, I'm really not.

Dh is currently not working but has earned over 80K in the past and is starting up a small business and hopesbat some point to be getting near those figures again. The tax thing we could have lived with but the corporation tax hike is something we really can't.
I don't know why labour has it in for wealth creators, they are the ones that are going to bring in the money for all their flighty policies.
On balance I will probably vote lib dem as the torie's grammar schools policy and underfunding of the NHS has put me off them. I voted Tory last time. In an ideal world I would like a Tory/lib dem coalition as I think the lib dems help to prevent some of the harsher policies. Not sure how to get that though. I am in a pretty safe Tory seat anyway so probably makes no odds anyway.

According to Google, corporation tax was 28% in 2010 when the Tories came to power, and now it's 19%. That's a pretty big tax break to me.

It was 28% for large companies but only 21% for small companies, which is now 19%. So a tiny reduction of 2% for small companies, but who now have to pay minimum wage which has risen far more, auto enrolment pensions, higher employers NIC, higher VAT, and there's a new tax on dividends drawn by the owners. So, all in all, a small company will be paying out a lot more than the palty 2% they saved in corporation tax.

I am a single mum who earns £80K - it helps cover the shortfall that their DF fails to pay out of his wage.

Why should I pay more tax so that his second EX can:

Work part time - her choice
Child maintenance 3 kids - 2 fathers
Claim housing benefit
child benefit
working tax, child credits etc etc etc = she gets approximately £24000 in benefits of varying descriptions - £11000 from her part time work and £18000 in maintenance - she is not poor.!

When we compare my take home income per year after tax, pensions contributions - there is approximately£4000 difference in our disposable income.

Yet everyone thinks she is poor and I should give up the paltry sum Ex gives me because I do not need it!!!!

Difference is I work for my monies and she expects the tax payer to fund hers .

The problem with house prices is that they need to drop 30-40%. A drop like that will be painful in the short run but is very much needed for the the long term benefit of all.

There also needs to be legislation to prevent foreigners coming in and buying up property for 'speculation'.

I'd be voting Labour if our local candidate had a chance, as it is I'll be voting lib dem to try to wrest control away from the conservatives.

We earn substantially over the threshold but I'd rather pay more in tax and live in a fair and progressive society for everyone, not just a profitable one for me...

To stop "foreigners" buying houses? oh yeah, that'll help attract talent here post Brexit!

what about Brits buying abroad?

If you mean tax the rich who are buying luxury properties, the new SDLT is doing that. And it's having an effect - the property market is softening all over the place. But I can't see how stopping workers from moving here and buying houses can be a good thing?

The jealousy in some of these answers is hilarious!

Sionella Try buying a home in Denmark if you are not Danish and don't live there. You can't without jumping through significant hoops. We bought a home for my PIL, which in reality on DH owns because laws preclude me from owning Danish property as I am not Danish and don't reside there. I think it's a fair policy and housing there is very affordable.

Also, do you really think the stupidly expensive property market makes the UK attractive to immigrants looking at a potential move to the U.K.? As an emigrant I was interested in opportunity first, lifestyle second and home ownership wasn't even a consideration.

sam

Could you point out some jealousy please?

I see that comment quite often on these threads and no one seems to say where the jealousy actually is

The jealousy is in all the people saying that the post is a 'stealth boast' etc instead of taking the question for what it is.

People don't know the OP's circumstances or how many people that £80,000 is supporting etc.

Denmark and the U.K. are not the same. I've been to Denmark several times. Did I enjoy it? Yes. Did I enjoy the high prices? No. Would I move there? Hell no.

Thats not jealousy

I thought you meant actual jealousy

Not just people getting annoyed at what they see as bragging

Clearly it's jealousy that's making people annoyed though! So transparent.

sam

Oh wait...do you think i am jealous? Is that what you mean by transparent?

Or is that directed to anyone who said stealth boast on the thread?

Not having a pop just really curious as you are about the only person who has ever answered

Only one person has said its a stealth boast

I hear everyone's concern about how things affect them and sympathise. But it seems that no one has a vast amount of sympathy for the likes of my dd2 who is a single mum working almost full time on zero contract minimum wage who has in 15 years never received a penny in maintenance who will lose her working tax credit in the near future. She lives in private rented accommodation which is falling about her ears because the landlord won't do repairs and she cannot get a council house in our town where she was born. Her rent is £550 a month, her council tax about £110 a month. Her wages on average are about £700 a month. Her working tax credit is about £130 a week including child benefit. She get help of £30 a month with her rent. Now I am no mathematician but can someone please tell me how she is going to afford to live when she loses her working tax credit? She is a community carer who gets no sick pay and minimum holiday. If she works 40 hours a week she will lose the £30 a month help for her rent and at present half her working tax credit. The most she could earn a month is about £1000. Oh and because the council have stopped concessionary train fares for her daughter £100 a month to send her dd to a decent school as all 4 high schools in town are on special measures and my gdd is in the top 10% of the country academically for all subjects dye to sheer determination and grit and no private tutor. So anyone any suggestions?

P.S She still has to find money for gas, electric, water and sewage rates, t.v licence food and clothes. She also has to maintain her bicycle, 2 of which have been stolen when she has been on her rounds in the last year.

I dont know sostenueto

I'm sorry

"But it seems that no one has a vast amount of sympathy for the likes of my dd2 ..."

I'm not sure you've posted on the right thread? Clearly there's loads of Labour supporters on this thread who completely sympathise and are trying to persuade our more hard hearted friends here to have a bit of compassion.

Thanks Rufusx

Bibbitybobbityhat it's not sympathy my daughter wants just an awareness that Tory policies only really hit the people at the bottom and £80 grand a year is an awful lot of money to someone like my dd. And its just the right place to post a real scenario just to put things in perspective.

Sostenueto are you concerned about the cuts to people with disabilities too?
Or just your daughter?

Wisteriainbloom I am concerned about the cuts to disabled people being as I am one myself who is holding her breath every time a letter arrives in case its the dreaded pip form. I am severely disabled and have been for last 7 years. I should have a lot of care but I pay a private lady to get me out of bed in the morning as it takes me so long to get mobile. I pay this with my care component of DLA. I refuse other care from the state because in another year I will need it more, but with the help of my dds I can get by without burdening the state just yet. I am poor, very poor and I worry constantly about the cuts. Without transport I would be doomed. I cannot get my pension till I am 66 being one of the waspies and when I do it will be £30 less than what present pensioners get. I do not get the winter fuel allowance despite being severely disabled and over 60. I do not get a free bus pass either. Now you know all my business wisteria which I hope will be justification enough to be able to comment without anyone thinking I am not concerned about them. My first post stated that I am sympathetic to all.