The Budget™ 2009

platypus said:
You're making uninformed and poorly chosen assumptions.
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So if you earned 120K with anything above 34k (or whatever the current 40% threshold is) taxed at 40% and this was changed to 50 above 100K with 45% from 60 onwards then the extra would suddenly leave you destitute?

I think not unless you where up to the debt just to keep up with the Joneses.
 
Basher said:
That's a big assumption you're making.

Why should I be taxed more for being more succesful?
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Why should someone struggling desperately to make ends meet on a low wage pay the same percentage of tax as someone who earns a lot more and has a comfortable middle class lifestyle.

There has to be an element of "ability to pay" in any fair system of taxation.

The problem, as I see it, is as has been said by other people. There are whopping changes in rate and thresholds which are clumsy. In these days of computers it is not beyond the ability of our tax masters to have a smooth sliding scale of taxable deductions based on every £ from minimum wage to hundreds of thousabds per year so that everyone pays exactly the same on their wages up to their salary limit, but the more you earn the more you pay as a percentage up to something sensible and certainly not over 50%.
 
scorza said:
What makes you say that?

According to The Times it seems to have had its desired effect.
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What makes me say that? Can you honestly tell me you've walked into a shop and bought loads more stuff because you were saving 2.13%? As someone who works weekends in medium sized Ltd company shop, the VAT cut has caused nothing but hassle for us. People pick a £10 item up from the shelf and come to the till with a tenner, they don't give a damn about the 22p I now have to give back to them. As someone who has been at the frontline of this VAT cut, the over whelming majority of customers who I have dealt with consider it a complete farce.

The real galling thing is how much it is costing the government... I think I speak for many when I say I would rather the VAT be kept the same and let the government keep that 22p on my £10 purchase so my children's children won't be continuing to pay off debt, which was nothing short of a jerk reaction to encourage morons to spend, which incidentally is how we got in this mess in the first place.
 
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No more NHS every one go private that will cut the tax by 20%
and if you think about it it our own fault because the UK familys got
smaller(instead of the 9-12 kids of yesterday) so less people to pay tax

The uk has more old people then ever.
So if you want you and your kids taxs to go down HAVE KIDS
simple idea but true.
 
Basher said:
Ok, same goes for you then - as you're on the Internet you can clearly afford to pay an extra 5% tax - sound fair?
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Am i moaning about paying more tax? no.

Im happy to pay a little more TAX, if it means people on far lower incomes don't have to pay so much TAX as ive been there and know what its like to be on low income.
 
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Personally think the whole benefits system needs a complete reworking, it sickens me in work when i see clients come in, getting more income than me just sat on their backsides all day doing nothing because they effectively "cheat" the system.

what ever happened to good old fashioned hard work for a living.

My worst client to date had an income in excess of 27,000 from benefits alone, yet nothing was stopping them from working besides being bone idle. How on earth can that be allowed to continue.

I had another who had cheated the system out of 56k in benefits over a 3 year period and now claims hardship so doesnt have to pay it back. Thats 56,000 pounds of my tax payers money they have wasted!...

As for the 2.13% VAT cut, it has made very little difference to the general public because of the current economic climate. The reduction a year or two ago would have made a large impact, but prices on every day items are just getting higher and higher regardless and the VAT cut hasnt made that any better.

6 Eggs are now approacing the £2 mark, well over double the price of 24 months ago, how is 2.5% going to help there ?
 
Basher said:
I know, I was trying to proove that his logic was flawed!
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It isn't. A little rough round the edges but not flawed. Stopping at 40% for earning over 40k and then having no higher bands isn't logical.

The reason is that the big, big earners have the political power and thus the Government won't touch them. They'll quite happily shaft the poor by getting rid of the 10p band though... :p
 
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scorza said:
:confused: Yes, a tax cut which stimulates the economy - the figures show an extra £8-9bn increase in retail sales over what they would have been without the VAT cut.
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No that's a prediction, not an actuality, and the statistics were created badly by a biased source.

This naturally means less government revenue, which means more government borrowing that will have to be paid back. However it has been judged that it was more important to help the private sector recover from the mess they've made for themselves with an economic stimulus than to introduce huge government spending cuts and make a mess for everyone.
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The economy would have been stimulated better by a cash injection from the government, instead that would be tax money has been saved by people instead of spent, resulting in hardly any extra revenue in comparison to the £12.5 billion that could have been.
 
NightSt@lk3r said:
How so i mentioned nothing about internet, i said if you couldn't afford to pay more tax you wouldn't be here moaning about it because you wouldn't have to pay more tax.
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By hereI assumed you meant having a web connection.

Anyway, I already pay more tax the more I earn - why increase the percentage? It's unfair and it's a dis-incetive for becoming more succesful.

The rich already fund the services of the poor - if you increase their tax a lot will leave the country thus reducing the tax collected.
 
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