AIBU that working people should be rewarded in the Budget?

[DistingusedSocialCommentator]

As above by way of increasing the tax threshold which has been on ice for a while.

The lower paid will benefit the most as those earning about 125k I think it is dont get any tax reliefe. 2 of the 3 children of ours pay 40% or more in tax plus NI. Therefore, the lower paid will benefit the most

We left worl in our early 50's and yet to reach state pension age.

I've read that many pensioners will soon be paying taxes as many are also being paid a few quid in private pensions they contributed to

so rather than a penny or two cut, raise the threshold of income tax

The gov must also do away with IHT but that is a different subject.

So if you agree with me, then it is I am being reasonable

Paying for decent public services isn’t punishment. It’s called social responsibility. Public services have been cut to the bone in the last 14 years, hence the absolutely appalling quality. How would you feel if your occupational pension was meddled with - everyone who gets a public sector pension, apart from the armed forces, is contributing to it.

Social housing isn’t just meant for those on benefits and low incomes though it was meant for anyone who wanted it, this is meant to stop ghettoisation of areas and more community feel ( not much of this now mind). Also in some areas social housing is cheaper purely because the HA own the house outright so we are not paying a mortgage and money on top to allow the landlord to make a profit which is what is wrong with private rentals. The private rental market should be made fairer not making social housing worse or a race to the bottom if you like our social housing rent does go up every year and they are also building new houses unfortunately they don’t maintain their older stock but that is a different moan for me

i think people wouldn’t mind paying higher taxes if they could see where their money was being spent, currently I don’t see where my money is going healthcare isn’t great, social care is abysmal, councils have no money to provide services etc and I’m in Scotland with a higher tax rate paying DH, SNP are not much better

Not everybody can get a better paying job. Not all jobs have overtime (it's rare for me to be offered any).

And what do you do when your car has completely died - as in needing to be towed home - you don't have enough savings to buy a second hand car outright but you need one to get to work and back? You get a loan.

What's not certain? It is absolutely certain that parliament will be dissolved on the 17th December at the very latest with an election on the 28th January ,however it is more likely that it will happen before that with an election in October or November.

Tax cuts are the last thing we need!

I say that as a very high earner. We need to pay more in, not less.

Oh, is it benefits and public sector workers bashing week?

🙄

Its very hard for people to accept but we are a relatively poorer country than we were at one point

Yes, things have got a lot worse in the past 14 years.

Yep, Google, Amazon, Starbuck and the like need to be taxed more.

This. So many people genuinely believe they are going to be hammered with IHT when in fact hardly anyone is.

Yes it is. Unfortunately it won't get better by imagining the tax system needs to be reconfigured to support those who don't contribute. Even the Labour Party accept that. These fantasies about tax breaks for the lowest earners are just that. The real issue productivity of higher earners. We need more of them, and we need to get them incentives to support public services.

YANBU.

If there is scope for tax cuts in the budget the government should increase personal allowances for the basic & higher rate taxpayers to where they would have been had they been increased in line with inflation rather than frozen in recent years.
This would put money back in the pockets of ordinary working people which, when spent, would stimulate the economy.

God I love when people spout this shit -

OP, I am 37. left school at 16 with only GCSEs, left home at 17 due to physical and mental abuse. Now 20 years later I'm more than happily married, with 2 small children (waited to have them until I was comfortable you see) for your reference our mortgage is thankfully only 4 times our JOINT income, for which we saved a deposit together - while renting as you know, no parental home to live in while saving. We have a £30 takeaway once a month (so £3000 over 10 years, that wont have me retired by 55 hah) Drive a 7 year old car and DH a work provided van. Still won't be retiring in our early 50's though I can tell you that now, those kids we waited until our 30's to have - will want uni fees paying by then, after we've just finished spending £1000 a month on their full time childcare (no family childcare on hand while they were little remember)

oh and your other assumptions - ' I could do with a bigger house, more holidays, travel business or first class, eat out regularly wear designer goods etc, but then we'd soon run out of money' are the most Tory/Daily Mail regurgitations I've ever heard! sadly the things that have most running out of money these days are childcare, housing, food and fuel - how DARE we waste our money on these non essentials!

No. They should reduce NI and NI employers' contributions which are only paid by workers and employers, rather than reducing income tax which is paid by everyone. NI makes no sense and makes the system far more complex. The sooner we ditch it the better.

Ditching NI would mean a proportionate increase in tax, which would impact most on the highly paid - that 2% on earnings over £50k would be gone and replaced with a much higher percentage. Is that really what you want?

I'd prefer it if NICs were completely rolled into Income Tax. Let's stop pretending that we have a contributions-based state pension (it is contributory, but only just). That way high-earning pensioners will be paying the same rate of tax as a worker on the same income - low-earning pensioners wouldn't be affected because of the personal allowance - and various loopholes would be closed, such as the one which grants an extra Lower Earnings Limit for additional employments.

Yes. We need to simplify the system. Letting the higher rate income tax thresholds be eroded by inflation is reasonable politics.

I'd reintroduce a top rate of tax, probably at 150, balanced out by removing the messy adjustment of the zero rate band at 100K which produces a mad 60% marginal rate, and drives too many GPs to work part time and other high earners to faff around with their pensions.

@Barleypilaf
”Everyone should contribute tax, especially those with the most disposable income - i.e. pensioners.”

Never mind the pensioners - most of them are struggling and still paying tax. Anyone on benefits getting more than the Basic tax allowance should pay tax too - even if it does make money go round in circles. There are too many people claiming benefits, very often getting more than people who are working and paying tax and it isn't fair. Make everyone pay tax - and you are making it fair across the board.

I would mind and millions of others would especially those on the higer taxes like 2 of our kids. WTH should we pay more when we, taxpayers are already paying more than enough and money is being wasted?

Money thrown at NHS, mismanagement is the problem and we all know that

money thrown, hundreds of himmilsns and more to go attacking a far away country ie the Hotius or whatever their name is. Why should England defend the shipping lanes when every other country is using it and are at the same risk but contriube naff all to it

Why are we spending billions on the Ukraine when others bordering Russsia most of eU cant be arsed??

So, forgive me but this kind of thing is often said by those that pay no or little tax,

I wont go into how much we have etc but we've worked damn hard and been prudent with spending/saving and investing. Me and my OH pay 20% tax, as I said two of our children pay at least 40% and one is now 45% or will be I think. Yet, I and my family support the raising of the tax free threshold substantially as it will reward those on lower to avg incomes

The giveaway of taxpayers' property ie council property, some have made killings out of it over the years, spent the money and back in social housing

The Labour lot was against selling social housing at discounts to tenants and yet some of them went to buy on the scheme.

Trust me, I'm under no illusions as the tories and the lab lot will say anything to stay or get into office - you know that is a fact.

There's not going to be an autumn statement.

Plus you're original post makes no sense.

YABU

You are correct on every level

Re benefits your state and getting more than working people.
Years ago and I believe its now changed - those not working had most of their rent or mortgage paid and no wonder many did not want to work. I think its changed. The council tax was the same, and renters in the council housing also did not pay any council tax, I believe that has changed as well as ow they pay a little bit of it

Coucils are going belly up as they know the taxpayers will bail them out. When a coucil goes belly up, all those at the top should be sacked and barred for life from working as a council/public sector employee as they are responsible to manage moeny

It’s wealth that needs to be taxed, without that the inequalities in this country will grow and grow especially between those who own houses and those who don’t. So IHT is vital atm. And I speak as someone who owns my own home outright and will be affected by IHT on my parents’ home. Assets need to be taxed far higher. Personally I’d put a tax on cars at different thresholds as I’m sick of seeing all the range rovers and Teslas driving around while very hard working people are using food banks, but that’s just me .

We also need to massively increase defence spending. What’s happening in Ukraine should make the reasons for that very clear.

Nah, just the same boring poster posting the same old boring tripe.