Tank Slap - Motorcycle Forum

Does anyone care?

It's the usual crap of making big announcements over very small benefits and then hushing up the real stuff.

Tax on bingo halved?
Inheritance tax abolished for emergency service workers who die on the job?

At least some money is being made available for potholes.

I've not bothered looking at the details..

It's usually just smoke and mirrors as the various parties advertise policies as to why they could make the country a better place, usually by spending shed loads of money. In reality it means sod all except that the cost of living will increase in some way and politicians will get a pay rise / tax break somewhere.

Not taken much of it in even though its job related.

Whilst i don't like any of the Parties, for Miliband (whose party played a big part in bankrupting Britain) and Farage to stand there and say what a mess the country's finances in is absolutely ludicrous when neither of them have even a single idea of how to fix the mess that will last a generation or more.

And they need to do more to up the point at which 40% tax is paid. A know a lot of people now falling into that bracket and questioning why they should take on the responsibilites of the job they are doing when the government takes 40% of their earnings.

They don't take 40% of their earnings, do they?

But I get your point.

Personally I have no objection to paying tax and wouldn't object to paying more. But these idiots insist on wasting so much of it. I want it going on schools and the NHS and emergency services, not sponsoring US invasions of far away places.

It's more crap coming out really. The country is stuffed and we are trying our vest to pay back what they screwed up years ago but they still find ways to spend the extra cash on themselves (pay rise extra) but we are still all so lucky to be in this country than some other counties so let them figure it out and fingers crossed it all works out!

Kwacky wrote:They don't take 40% of their earnings, do they?

But I get your point.

Personally I have no objection to paying tax and wouldn't object to paying more. But these idiots insist on wasting so much of it. I want it going on schools and the NHS and emergency services, not sponsoring US invasions of far away places.

If you pay PAYE then if you earn £41,000 p.a. you are paying 40% tax on anymore earnings. If you take in that that includes head teachers, doctors etc then i don't think that's acceptable. When the 40% rate was introduced, the band at which you started paying would now be £75,000 if it had kept pace with inflation. Successive governments have further devalued people's hard earned whilst giving it to either the lazy or the very wealthy and still allow the likes of Google/Apple/Supermarkets etc to take the piss by paying zero tax.

I don't think hard working people have much grasp of just how much they are being conned.

duke63 wrote:

Kwacky wrote:They don't take 40% of their earnings, do they?

But I get your point.

Personally I have no objection to paying tax and wouldn't object to paying more. But these idiots insist on wasting so much of it. I want it going on schools and the NHS and emergency services, not sponsoring US invasions of far away places.

If you pay PAYE then if you earn £41,000 p.a. you are paying 40% tax on anymore earnings. If you take in that that includes head teachers, doctors etc then i don't think that's acceptable. When the 40% rate was introduced, the band at which you started paying would now be £75,000 if it had kept pace with inflation. Successive governments have further devalued people's hard earned whilst giving it to either the lazy or the very wealthy and still allow the likes of Google/Apple/Supermarkets etc to take the piss by paying zero tax.

I don't think hard working people have much grasp of just how much they are being conned.

Interesting point that. Never really thought about it like that.

I thought you only pay 40% of anything over £40k.

So in your example £39,999 would be taxed at 20% and then the £1001 is taked at 40%.

You are right, D6. Perhaps my wording didn't make that very clear.

But its still a scandal when many of the wealthiest don't pay anywhere near 40% on their earnings. I would still like to see a flat basic rate of tax on all sources of income so there is no way of avoiding/evading it.

D6 wrote:I thought you only pay 40% of anything over £40k.

So in your example £39,999 would be taxed at 20% and then the £1001 is taked at 40%.

Isn't the first 10k tax free? I genuinely don't know.

First £10k is tax free. Next £32k is at 20% ( 2 years ago this was £35k) plus 12% NI and then above that its 40% tax (plus 2% NI).

So even at basic rates of tax the government is taking a third of your income before you even see it.

duke63 wrote:So even at basic rates of tax the government is taking a third of your income before you even see it.

+ then another 20% of whatever you spend of it. ?

StMarks wrote:

duke63 wrote:So even at basic rates of tax the government is taking a third of your income before you even see it.

+ then another 20% of whatever you spend of it. ?

Correct