National insurance cut

[413x]

Agreed. It just means I put my feet up instead of using my skill base to go for further promotions, it just isn't worth it just to pay the tax man more.

Its a real issue.
Public services need me cash. That's for sure.

But Now I live it (into the 40k bracket) I actually struggle to see a good outcome. Not because I think I should pay less tax.
But more I do not have any motivation to move up the ladder.
Even a 10k pay rise is worth what? 6k a year or 500 a month? For the amount of responsibility to get that. It's not worth it.

Maybe we are near the limit of payee tax and have to go for wealth and higher tax on companies that can tax dodge.

 

[413x]

The "but Labour " is what the Tories will cry just the same as Labour crying "but Tories" I do hope that isn't to simple for you, as I do like simplicity.
I don't know how Labour will be until they get in, but I do seem to be a pessimistic old fart

The tories are dire. Corrupt. And have no empathy.

Even if Labour do turn out to be terrible... We need to try someone else in power.

It could be a lot better. I very much doubt it can be any worse.

 

[tonys]

The tories are dire. Corrupt. And have no empathy.

Even if Labour do turn out to be terrible... We need to try someone else in power.

It could be a lot better. I very much doubt it can be any worse.

I have to agree with you.

 

[413x]

I have to agree with you.

The worst bit of the tories for me is the corruption. The amount of money they waste/give to friends. It should be criminal.

Lack of care to the disabled/poor etc is just cruel too.

No one chooses to be disabled. Ask anyone.. You have the choice to be disabled and get a pittance.. Or you can work your 30k job and pay some tax.. No ones gonna pick being disabled. Yet tories treat these people like scroungers. Vile in my opinion.

 

[slinxy]

Be a disaster with labour

From a dude that’s started dozens of financial threads but seems to have zero fiscal knowledge or sense… are you even going to backup this view or just show that your political inept too?

 

[aspiring]

The tories are dire. Corrupt. And have no empathy.

Even if Labour do turn out to be terrible... We need to try someone else in power.

It could be a lot better. I very much doubt it can be any worse.

Corrupt? Lol

Labour want to give more power to unions and will no dount promote benefits for those who cannot be arsed to work

 

[aspiring]

From a dude that’s started dozens of financial threads but seems to have zero fiscal knowledge or sense… are you even going to backup this view or just show that your political inept too?

Can you backup labour will be good? No

 

[200sols]

Be a disaster with labour

What the soon to be highest tax burden ever, collapsing NHS and everything else. Housing crisis, small boat calamity. Widespread corruption. The disaster has already arrived.

 

[Trifid]

Can you backup labour will be good? No

So deflection is your response? It is definitely a case of blue = good, red = bad in your world.

 

[danlightbulb]

and will no dount promote benefits for those who cannot be arsed to work

Herein lies the problem with labour. There is truth to this, we have seen it in the past. The tax burden went up during the Blair Brown era, massively, and the size of the welfare state increased hugely.

It's then gone up again to the highest ever level under the recent Tory lot. However for a while there (Cameron Clegg phase) we actually started to see some of that fiscal drag removed as tax band increased after years of stagnation. It's gone to pot now (highest ever tax burden) but we're finally seeing some reductions to tax via NI.

We have to look after the NHS and we have to provide welfare to those in need. But, this can't continually come at the expense of middle earners which is what is still happening.

I believe it will primarily be this issue which drives the election result. People will want to know what labour plans to do on tax, and typically labour don't give much detail on this and that could be their downfall.

 

[tonys]

What the soon to be highest tax burden ever, collapsing NHS and everything else. Housing crisis, small boat calamity. Widespread corruption. The disaster has already arrived.

They have a bit of a point. Labour will have to pick this up and try to do something with it, how they do that and how long it will take is going to be the question.

 

[tonys]

So deflection is your response? It is definitely a case of blue = good, red = bad in your world.

In my world most politicians bad, very few good. I don't distinguish between parties

 

[Slam62]

Labour won’t be able to do much apart from maybe redirect priorities and money.

 

[Goodie]

In my world most politicians bad, very few good. I don't distinguish between parties

Did you forget to log back into your alt account?

 

[tonys]

Did you forget to log back into your alt account?

No, just the one account which I have had to log back into for another 90 days. Go read some of my other posts

 

[Goodie]

No, just the one account which I have had to log back into for another 90 days. Go read some of my other posts

no thanks.

 

[Richie]

This is the popular opinion every time tax decisions have been made and this short term thinking has led to the current ridiculous situation. It doesn't pay to get ahead in this country. That's ultimately a bad thing.
What's better for the economy: everyone in the 60% effective tax rate overpaying into their pensions and retiring early, or taking income instead, paying more tax, and working for longer?

I don't disagree however, in the current situation we are in and I said it before, my empathy and concern levels are more focussed on the lower income people who aren't able to secure decent shelter and, even if they do, they can barely afford to heat it and eat properly.

Again, and I realise I am repeating it, the lowest paid got hit harder than the above 60k salary people this year so regarding tax, so if anyone is needing tax breaks, I'd suggest the lower incomes deserve it more than the higher just now.

Once we sort that bit out, let's look at giving people in the higher tax brackets some breaks like the silly childcare thing (2 X 98k salaries get help whereas a 110k and a 30k salary household doesnt)

lol in the 14 years we had once in a generation events

Cannot blame tories for war in ukraine ane a pandemic.

Conveniently forgot Brexit in your lol statement above? Can we blame the Tories for how that's been handled or does that not count?

Corrupt? Lol

Labour want to give more power to unions and will no dount promote benefits for those who cannot be arsed to work

Are you suggesting the Tories have not been corrupt even with the overwhelming evidence showing they have been?

Secondly, why conflate corruption with your inference that Labour want to give the unions more power and increase benefit culture. Are you suggesting that's equal to actual corruption?

Can you backup labour will be good? No

no one can back that Labour will be good or bad with any certainty. We can backup that the Tories have been absolutely appalling however and even the simplest of people can come to the opinion that Labour will have their work cut out to be worse than the current government.

 

[slinxy]

Can you backup labour will be good? No

I didn’t say labour would be good… but for discussion stakes… let’s just say I did.. I’m currently out shopping and enjoying this lovely weather.

I shall supply my rebuttal later when I CBA’d

 

[EvilRob]

I don't disagree however, in the current situation we are in and I said it before, my empathy and concern levels are more focussed on the lower income people who aren't able to secure decent shelter and, even if they do, they can barely afford to heat it and eat properly.

Again, and I realise I am repeating it, the lowest paid got hit harder than the above 60k salary people this year so regarding tax, so if anyone is needing tax breaks, I'd suggest the lower incomes deserve it more than the higher just now.

Once we sort that bit out, let's look at giving people in the higher tax brackets some breaks like the silly childcare thing (2 X 98k salaries get help whereas a 110k and a 30k salary household doesnt)
than the current government.

Too short sighted IMO. Encouraging higher earners to take more of their earnings as income and therefore pay more tax and incentivising people to earn more will directly improve the funds available to help those on lower incomes. There's no need (and in my opinion, it's counter productive) to just improve support for people in lower incomes.

 

[lookitsjonno]

Its a real issue.
Public services need me cash. That's for sure.

But Now I live it (into the 40k bracket) I actually struggle to see a good outcome. Not because I think I should pay less tax.
But more I do not have any motivation to move up the ladder.
Even a 10k pay rise is worth what? 6k a year or 500 a month? For the amount of responsibility to get that. It's not worth it.

Tell me about it, I'm actually considering working 4 days a week. Why take on the responsibility and stress for peanuts when I can take on hobbies and generally enjoy life.

It's easy to see why we've become a 'lazy workforce', plus a poor deal for tax payers