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/

No government could charge 98 percent tax. What a stupid question.

Well we had one that did so it’s not really so stupid.

The Second World War brought similar hikes in tax rates. The standard rate of tax was 29% (with additional surtax – as supertax had been renamed – at 41% on incomes over £50,000) in 1939; by the 1944/45 tax year this had risen to 50% (with surtax at 48% for incomes over £20,000 – so an effective 98% maximum tax rate). 1944 also saw the introduction of Pay as You Earn.

There have been two tax years since WW2 when income tax rates exceeded 100%. In 1947/48, Clement Atlee’s Labour government imposed a ‘special contribution’ of 50% on investment income above £5,000 – this applied on top of basic rate income tax at 45% and surtax at 52.5%, giving an overall rate of £147.5%! A similar special charge imposed by Harold Wilson’s Labour government on investment income over £8,000 for the 1967/68 tax year resulted in a slightly lower effective rate of 136.25%.

Even leaving those two anomalies aside, tax rates remained at eye-watering levels until 1979 despite the abolition of surtax in 1973, which was simply replaced by higher income tax rates by Labour chancellor Dennis Healey (who famously said “I warn you that there are going to be howls of anguish from those rich enough to pay over 75% on their last slice of earnings”).

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

The good Lord moves in mysterious ways...

😭

Can I mention again that income tax is not the only tax. Everyone pays tax regardless of their income.

Nobody would work if they were taxed at 98%, lots of people already can't afford to work because income taxes are so high!

They did work but in another country, hence labour being booted out
Labour has always been anti-aspirational types unless its one of them

The labour lot are also anti-private schools hence the VAT rants but infamously on MP in the past that banged on about supporting state schools then famously snet her kids to private school becuse they can afford it on their massive wages and most MP's inc Tories have at least one other job on the side. What does that tell you?

They did work but in another country, hence labour being booted out

Labour lost its majority and a vote of no confidence. Taxation levels were just one of many reasons why they lost the election in 1979.

To be fair, Labour only have to stop the trend this government have of giving money to mates and they would have enough to do at least some of what they want. And stop the waste. Sorted.

But you keep posting your slightly nonsensical posts then moan when people point out the holes in your "arguments".

What happened to your white flag?

Watching Talk TV, they conveniently reminded me of Mr Corbyn and the dreaded Mr Michael Foot. Read below

What Labour has done is that it has gone stealth re their real objectives. Their objectives will cost billions but they have not admitted where the money is coming from

Out of the two main parties, I trust Tories slightly more as they better meet my agenda - just being honest as always

https://www.telegraph.co.uk/news/politics/Jeremy_Corbyn/11982885/Jeremy-Corbyn-was-no-Michael-Foot-at-the-Cenotaph-but-remember-it-could-all-be-an-act.html

Right, so the white flag has been shelved and the usual nonsense resumed.

Jeremy Corbyn is no longer leader of the Labour Party. Michael Foot was 45 years ago (damn, I'm old - I remember that election). There is zero evidence that the current Labour Party will bring in 1970s style tax policies. As you were then.

@Churchview that's horrific. I work for the NHS so I get very generous sick pay. My last sick day was in January 2017.

Swinging the lead just because you can is terrible.

Sadly, it’s quite common. I worked with people in local government years ago who saw their sickness days as additional annual leave. You’ll always get a despicable minority who game the system, their performance is usually woeful too. I managed a couple of them out.

I don't earn much money, the £20 a month extra I get from the NI cut makes a difference to us, but I still don't agree with the cut to NI.

I want working services and NHS! Though that could be argued to be selfish as I want them functioning for me and my family as well as everyone else.

I share your selfishness! We all benefit from services that work.

Functioning health care is a hallmark os a civilised society, one that many parts of the UK presently lack. It can only be solved by a combination of more and better targeted spending

FYI - the "NI" money has never been ring fenced for the NHS!

Nobody said it was. Although a long ago increase in tobacco tax was supposed to have been.

Does anyone except a few unhinged people still subscribe to that ridiculous 1970's "Reds under the bed" paranoid bollocks?

Thank you, Captain Obvious, your work here is done.

NI goes towards many useful things. Cutting it means less funding for those useful things. That simple enough for you?

Not sure what you are attempting to state!

Out of the two main parties, I trust Tories slightly more as they better meet my agenda - just being honest as always

I appreciate your honesty. Most people would be too embarrassed or ashamed to admit to sharing the Tory agenda these days. With good reason.

I am aware of this given that I pay some attention to what goes on in the country. If income tax had been cut rather than NI I'd have said the same about that - of course extra money helps given our situation (cost of living, child with ASD and so on) but I'd prefer it if the Tories didn't try and bribe me to vote for them and instead properly funded services.