To be pissed off at paying more tax evdn though it is 1.25 percent?

[Fancymice]

So I get paid 1430 a month, then
-76.40 income tax
-75. 96 national insurance
-36.40 pension

And then this new 1.25 percent health and social care levy will be by my calculation 17.88

Total deductions 206.63 so take home will be £1223

I know it's only £17, but It just feels like the cherry on top of a year of being financially pummelled. The price of everything is going through the roof, food, petrol, rent. A pay rise is out of the question "because of covid" and now I have to part with even more money for our shitty useless government to misnanage.

They don't get 10x of the facilities everyone else gets, and they won't be getting 5x better old age care at the end of their NI payments.

This.

We do need to hugely improve social care, a friend lives in a care facility due to a brain injury, his carers are highly skilled and hard working, they would earn more in most supermarkets as till staff, stock replenishers etc.

I think it will be about £750, I do think the rise shouldn’t include lower earners, for a lot of people just losing £20 a month could have a huge impact on their budget.

Well be grateful we haven’t a Labour government who were going to tax everyone up the yahoo to pay for their multitude of mad ideas.

I think it's the inequality of the burden that bothers me most. There were plenty of other places to raid taxes from before a blanket tax that will hit the ordinary workers hardest. Added to this the fact that food prices are rising sharply as are fuel costs despite talk of wage increases most people do not feel better off. Those who can afford to pay the most will avoid it as always.

Governments promise the world in their manifestos. They get elected off the back of it. The electorate are largely naive and swallow the propaganda hook line and sinker. Once in government they largely feather their own nests, piss money up the wall and nothing ever really changes. A few people get very rich and a good deal get poorer. The middle are always hung out to dry. Accountability for manifesto pledges would help but equally you always need a competent opposition which we don't have unfortunately.

@HainaultViaNewburyPark

I personally think the £100k+ a year earners need to pay alot more tax

I’m already paying £1000 per week in IT/NI (and that’s without being in the 45% tax bracket). How much more do you think I should be paying? And you do realise that increasing my tax liability still further just makes dropping to PT more attractive, don’t you?

Going part time is better for other people. If more people went part time, we could share the jobs a bit more.

£100k is plenty after tax.

Personally I am happy to pay more tax. What I am not happy about is the fact they’ve hiked NI. Why not review the tax bands and actually tax assets properly instead of the constant focus on salary.

@Bluntness100

Well be grateful we haven’t a Labour government who were going to tax everyone up the yahoo to pay for their multitude of mad ideas.

LOL

Most people don’t earn over £80k which is what Labour were proposing to target. So what’s the big deal?

What were their loony ideas? Tax payer funded broadband? What is that such a bad thing? It would be funded from taxation - but we already pay through the nose for it anyway so 🤷🏻‍♀️

Should add, remember Tony Blair and his BTL empire? He must have pissed his pants when house prices went through the roof. It was all intentional and all governments have continued in this way. They don't care!

As I said on the other thread, the fairest way to deal with this would have been a hike in inheritance tax. When you're dead you won't miss it. The people inheriting it never planned for it and didn't earn it. It's a nice windfall but it also accentuates social mobility problems. I will probably inherit one day, but I wouldn't miss what I never had so a mu h fairer way I think rather than taxing workers.

@Catatemyhomework

As I said on the other thread, the fairest way to deal with this would have been a hike in inheritance tax. When you're dead you won't miss it. The people inheriting it never planned for it and didn't earn it. It's a nice windfall but it also accentuates social mobility problems. I will probably inherit one day, but I wouldn't miss what I never had so a mu h fairer way I think rather than taxing workers.

Yes. The problem is people are emotional attached to their homes and feel it’s their god given right to keep it - even where they had no hand in actually paying for it.

Having a predominately home owning economy is part of the issue. Safe, secure decent rentals need to be brought back as I’m sure that will help too. Instead there’s not enough turnover of assets and money is locked in.

If houses were more owned by the state, then you’d have better recycling of money between taxpayers and the state, to fund services.

Not read the whole thread, so sorry if I’m repeating but I think your calculations are wrong. Is expect it to cost you £6.88 a month on the basis that it’s only levied on the income that NI is levied on (the first £9.4K per year of income is exempt).

For people that work and claim universal credit their payment will slightly increase as their take home pay will be less.

@Bythehairywartsonmywitchychin

For people that work and claim universal credit their payment will slightly increase as their take home pay will be less.

Except they've just lost £1000 a year UC

@nc8765

It's disgusting.

Another MNer said on a separate thread quite eloquently: "You're paying for the privilege of allowing others to pass on their wealth to their children".

Then that person is a bit stupid and hasn't read the detail of what it covers. It is still likely that houses will have to be sold due to the bed/board element not being covered at all and the social care aspect capped at £86k.

Oh take my money Boris please please please. Give your mates billions but I don't mind, just take more of my money instead.

Every single one of you on here who voted for that prick honestly make me sick to my stomach.

Time after time this man and his government have failed us. Lie after lie been told. Ridiculous lies with fucking bells on them. But no never mind that eh?

Wheres the NHS money from Brexit? Oh aye that was a lie. But who cares right?

But you lot be happy giving more of your money if you must, should bend over while your at it and make it easier for him.

@AdmiralCain

It seems to be, after your tax free allowance, 20% on Income tax 13.125% on National insurance 20% on VAT on pretty much every single purchase

so after your tax free allowance 53.125% of everything you earn goes to the government if you're a higher earner (50k+) that's gonna be creeping up to 60%

What about the horrific 14% price increase we had on council tax in london this year, My council tax has gone up by £500 in a couple of years, Don't try and make out local governemnt and national government are any different. 10% of my wages go on council tax of so that's 63.125% of my wages going to the governement.

Oh yeah thanks for leaving me 40% of my wages and making out you've done me a favour and this is all my fault.

Not quite true. A big portion of my income goes on my mortgage, utility bills, council tax, repaying a car loan, food shopping… none of which has a flat 20% VAT rate.

It would be better if a percentage of a persons assets to be used to pay for a portion of their care with total payments capped and deferred to be paid on death. It would also take the worries away from families or spouses who have to deal with this. This way those that can afford to pay more do also those that actually use care services pay for it.

Except they've just lost £1000 a year UC People claiming UC have not just lost it, it was a temporary increase and was always publicised as being so.

BTW, I do not agree with it ending. It’s a lot of money for people to lose each month especially as lots of people/families struggle. However it’s a hell of a lot of money for the government to pay out for each month and it needs subsidising some other way. I have experience of both claiming UC and supporting people on UC.

@Morgan12

Oh take my money Boris please please please. Give your mates billions but I don't mind, just take more of my money instead.

Every single one of you on here who voted for that prick honestly make me sick to my stomach.

Time after time this man and his government have failed us. Lie after lie been told. Ridiculous lies with fucking bells on them. But no never mind that eh?

Wheres the NHS money from Brexit? Oh aye that was a lie. But who cares right?

But you lot be happy giving more of your money if you must, should bend over while your at it and make it easier for him.

I’ve written to my conservative MP about it 🤷🏻‍♀️

@NotPersephone

Every single one of you on here who voted for that prick honestly make me sick to my stomach.

But you understand that people felt exactly the same about Corbyn. I’m no Boris fan girl - he is, as you say, a prick - but I also do a full body cringe at the idea of a walking lobotomy like Corbyn representing us on the international stage. The problem is the quality of politicians, across the board.

And is there anyone who really believes that Corbyn would only have taxed people on over 80k? Because that wouldn’t raise tuppence, never mind the funds for the largesse he promised to the gullible masses. Every bit as fictional as the damn Brexit bus.

I vote for the principles of the party, not the individual who may be prime minister. It’s foolish to do so otherwise IMO.

What the Tories have done with the NI rise shows them up in their true form. They’ve always hiked taxes in the direction of the lower paid. This is just much more brazen.

@Iggly

Having a predominately home owning economy is part of the issue. Safe, secure decent rentals need to be brought back as I’m sure that will help too. Instead there’s not enough turnover of assets and money is locked in.

If houses were more owned by the state, then you’d have better recycling of money between taxpayers and the state, to fund services.

Of course... the answer to greater prosperity is communism... why didn't I think of that.