To believe that if Labour wins we wont be hit with 98% taxes?

[DistinguishedSocialCommentator]

And the other day one of the Labour lot let slip taxing pensioner more than others

A bit of Labour what they say and do - the 98% tax

You an Google the 98% tax if you dont want to read the link

AIBU not to trust the Labour lot just like I dont trust the Tories

https://www.adamjwalker.co.uk/business/are-you-ready-for-labours-tax-bombs/

Jeremy Corbyn is no longer leader of the Labour Party and you are therefore safe from daft stuff like 98% tax rates.

We pay a lot of tax because we are lucky to make a good amount of money. We think we should be paying more. Many people share this viewpoint.

I share your viewpoint @poetryandwine

Nice try but no.

“The Government of Margaret Thatcher, who favoured taxation on consumption, reduced personal income tax rates during the 1980s in favour of indirect taxation.[14] In the first budget after her election victory in 1979, the top rate was reduced from 83% to 60% and the basic rate from 33% to 30%.[15] The basic rate was also cut for three successive budgets – to 29% in the 1986 budget, 27% in 1987 and to 25% in 1988; The top rate of income tax was cut to 40%.[16]The investment income surcharge was abolished in 1985.”

Like minded Labour MP's are still in the party.

Oh didn’t realise we were going back 40 years @Brumhilda! The fact still remains that the coalition government raised taxes as have subsequent Tory ones and we’re being taxed now the most for 70 years. So nice try but no cigar for you either.

But absolutely no one in power has come close to suggesting a 98% tax rate on anything, OP. Even that clickbait article you linked to did not provide a single piece of evidence for the author’s scaremongering assertions

Exactly what most of those with little to show for say and that is a fact

You are well aware why the Tories and the Labour lot fear talking, being honest about tax and that is NOT because people that make a lot or some money are "happy to pay more tax," and that is a historical fact.

Joe Smith from down the always wanted to buy his own property, nice car, nice holidays and not have to like like his great grandparents, his grandparents or his parents. So Joe worked hard, very hard got promotions, started to save and spen wisely, got a deposit bought his own 2 bed house with a 90% mortgage and was striving to pay this off. As Joe worked hard and well he got promoted and got a pay rise and Joe though at last I see see light at the end of the tunnle and instead of taking 30 years to pay off his mortgage he would pay it off in 27 years.
Then along came the big bad B of a new gov that promised not to penalize those that worked and worked hard and upped his taxes by 10%. The same gov increased welfare benefits by 10%. So Joe left his job and after taking out his traveling cost of a hundred pounds a week, he was miles better off on the dole and NO WORK or silly B mangers to push him about. Thank you Labour

"click bait" kid - I'm call you a kid as you must be really young not to recall the massive tax burned on those that paid the most taxes and when the total tax went up to 98% - they started to naff off to other countries and guess what happend

I don’t even understand this post, OP. Are you accusing me of lying? We are embarrassed by our income, and not because it is low. I suspect you might struggle with that concept.

@DistinguishedSocialCommentator the mis 70s were 50 years ago. So no, you don't have to be 'really young' to not remember them.

You've also just accused an established poster of lying, so I will be reporting that post. It wasn't in the spirit of Mumsnet.

They only have one “answer” and it’s more tax.

But “more tax” won’t result in more revenue so they’ll double down, and they’ll do it fast - so yes - we will see very very high tax rates again - possibly 98%.

Overall tax burden is the highest it's been for 70 years.

I love a good political debate, arguing for or against something or just learning. But, it's easier if the op's posts are somewhat coherent...

But labour...

OP changes her mind on many things. She has also lived in the Up North and simultaneously in the London, on other threads. One might wonder whether OP is having trouble keeping track of where she lives because she is actually an account run by Tory HQ. This might also explain the 3-4 slightly wrongly-spelled sock puppets she also runs.

You are joking? Did the labour party indicate 98% taxes before the election? You have your answer.

I do not care if I pay more taxes, within what I can afford, but I do want to receive the services I pay for.

It is - and what will the labour part do - reduce it or increase it. I believe we all know the answer as giving more money to the NHS, defence, education, education, social care etc cost billions

This makes no sense whatsoever.

Unless I reply No, the Labour Party has certainly not indicated that we will be getting 98% taxes. They also have not indicated that we will be getting free tuition fees for university students, an extra £100 billion pa for the NHS or a 1000% rise in the state pension. I believe therefore that if Labour wins, none of these things will occur

so you do care, right? I do care if I, my family and like minded people that have are working hard, being prudent with our money and then we are taxed at even higher rates and the money the increased tax produces is wasted

This is a good point and a view that I share!

Yes, they did. Those of us with long memories remember Denis Healey promising to “squeeze the rich until the pips squeak”. That long ago Labour government got elected.

It makes good "sense" but you have chosen to be deliberately obtuse

The bottom line is we are in it together, IE working people or people that have retired early or retired. The same people who help fund to run our nation.

I'm sure you don't just like me and the others that we dont want our hard earned money taken away from us via taxes to be thrown away on far away wars and worse still, incompetence.

The bottom line is this
The Tories are no different to Labour when it comes to telling the truth and who they put first. For the record its not you, not your mate, not your work mates or me for that matter but they put first the most important people in their lives, IE
themselves and this is all day long, day in, and day ot

I'm rasing the white flag as I can't take any more of this

OP,

I support Labour because I believe that currently Labour are significantly more ethical than the Tories. I am far from being a fanatical supporter however

I also believe most politicians put themselves and their mates first. I think Labour do better on this score but are far from perfect.
I also believe we are all in it together. We just differ about what that means and how it should play out

Yes, it is not the money I put in what I am missing, but to be able to get a Doctor appointment, proper healthcare, a good education system, a welfare system that will hive me a hand in between jobs if I need it.
I am not happy at all with what the tory current and previous governments are providing us with for our money.
I am sure Labour will not kill us with unreasonable levels of tax.