Poll: Poll: Prime Minister Theresa May calls General Election on June 8th

Who will you vote for?

  • Conservatives

  • Labour

  • Lib Dem

  • UKIP

  • Other (please state)

  • I won't be voting

Results are only viewable after voting.
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VincentHanna said:
Why? Do you work harder than say, a Nurse on less than 20K per year?
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I work hard at what I do and have done over the last 20 years or so - I chose my path. I'm not suggesting I'm better/worse than a nurse, we both have our roles to do in this world. I am also not suggesting nurses shouldn't be earning more or shouldn't be paid more fairly - so not sure what your point is?

If you earn £100,000 a year you will pay £20 extra a week.

Is that going to affect your quality of life? Do you not think something like the NHS is a great institution that's worth protecting?

I'd love to earn that sort of money, and would happily pay extra back in to the country.
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But lots of people earn that sort of salary, it's not as if it's uncommon. Why not set a threshold for those people that earn actual shedloads?

Do you have the same feeling towards those that own their own businesses and pay themselves through dividends instead and have a much lower tax liability (earning lots, but paying less tax)?

I'm quite happy paying my fair taxes, but I think the threshold should be raised to a more sensible limit.

Personally I think the welfare system we have in France is fairer. It's means-tested. i.e. if you earn a little, you pay less or nothing towards your healthcare, if you earn lots you pay more towards your healthcare. The NHS is great, but it's so broken that shoving more money at it is not going to solve the problem.

Trusty said:
That's what they'll do bud, blame you for everything that's happening in the country, it's so out of touch with the reality.
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I understand why - there is definitely a divide.
 
dalehitchy1 said:
So what's happening with this death tax now then?

Before there was a floor with a min amount of 100k you could keep but now they are changing it to a cap? Are they still keeping the floor?

Because I can imagine in poorer areas where houses are around 120k.... A cap with no floor would be even worse.
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They're panicking now they realise just how badly they've screwed up. Expect lots of strong, stable flailing around.
 
Tunney said:
I have no idea what you're talking about. Who are you referring to? Could you pull up a quote that says that the media doesn't criticise May at all?
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here is one from earlier today - there have been plenty more in this thread... about 'the media' supposedly giving May a free pass

dalehitchy1 said:
Corbyn has some bad qualities.... But why are his clearly pointed out on front page media publications......

Yet you get nothing about may who

Wants fox hunting back
Wants to steal your house once you die
[...]
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VincentHanna said:
Why? Do you work harder than say, a Nurse on less than 20K per year?

If you earn £100,000 a year you will pay £20 extra a week.

Is that going to affect your quality of life? Do you not think something like the NHS is a great institution that's worth protecting?

I'd love to earn that sort of money, and would happily pay extra back in to the country.
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If you earned 120k ish you would pay about 45k in tax, before any reductions. You would be quite happy to pay more.....?
 
Freefaller said:
I guess it annoys me as I've worked hard to earn more, and I pay a shed load of tax (which I don't mind) but to then be taxed even more because I dare be successful really winds me up.
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Since the start of the 80s, the gap between rich and poor has widened significantly. The top 5% earn 2.4 times more now than they did in 1980 (in real terms) while the median wage has barely changed.

The richest in society can afford to pay more now than they ever have in the past 40 years.

I agree that it still stings though. :)
 
Freefaller said:
I guess it annoys me as I've worked hard to earn more, and I pay a shed load of tax (which I don't mind) but to then be taxed even more because I dare be successful really winds me up.
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indeed - it is also flawed as they can't just keep on ramping up taxes on high earners as people move overseas, or work less etc..(the local GP decides his Saturday clinic isn't so worth while - or the IT worker decides he's not as interested in out of hours support or overtime). A large portion of our economy is providing services and the people doing so have a greater ability to move/relocate than most - they're the ones providing a large portion of the tax subsidy for the rest.

yet the plan for social care 'just a little bit more tax' the plan for the NHS 'just a little bit more tax' the plan for tuition fees 'just a little bit more tax' - it just won't work, the IFS has already shown that Brown's previous tax hike generated nothing near his projections

loading yet more tax on the most economically productive people just makes very little sense to me - yet when we instead get policies that tax wealth such as the tories recent proposal for social care funding (which already targets people's assets for residential care and liquid assets for care at home) we get uproar - instead the generation with fewer assets are supposed to pay even more tax on their earnings in order to support a growing elderly population with plenty of assets
 
Tunney said:
Since the start of the 80s, the gap between rich and poor has widened significantly. The top 5% earn 2.4 times more now than they did in 1980 (in real terms) while the median wage has barely changed.
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Why are you failing to point out that this is the case for like every other industrialised country, its not just the UK, is it?
 
Uther said:
They're panicking now they realise just how badly they've screwed up. Expect lots of strong, stable flailing around.
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Is that a 'nobody knows because details havnt been given yet?'

I've just bought a house worth 94k (once I get it up to scratch will be worth about 115k. My job isn't highly paid so it was a struggle to save but I managed it.

If the changes in the death tax meant they removed the floor (where i can keep 100k) but I can get charged a maximum cap of 50k.... Then I (well my family) have practically lost half my house when I die.
 
dowie said:
yet when we instead get policies that tax wealth such as the tories recent proposal for social care funding (which already targets people's assets for residential care and liquid assets for care at home) we get uproar - instead the generation with fewer assets are supposed to pay even more tax on their earnings in order to support a growing elderly population with plenty of assets
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It's mad isn't it, i'm not sure where it comes from, but their hate is destroying their logic and reasoning.

dalehitchy1 said:
If the changes in the death tax meant they removed the floor (where i can keep 100k) but I can get charged a maximum cap of 50k.... Then I (well my family) have practically lost half my house when I die.
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Feel sorry for you mate, you're being scuppered by ignorance.
 
Trusty said:
Why are you failing to point out that this is the case for like every other industrialised country, its not just the UK, is it?
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it is the same old argument we've heard before tbh...


I don't care about what people earn within their lifetime - if we want more meritocracy then dynastic wealth is a much better target than targeting earnings/penalising people further for being successful and thus dragging everyone down. Yet when we see what is essentially a 'wealth tax' proposed for social care people are outraged...
 
Do these death taxes in any way effect people passing on their assets before they die? Surely everyone would just do this to avoid the tax?
 
dalehitchy1 said:
Is that a 'nobody knows because details havnt been given yet?'

I've just bought a house worth 94k (once I get it up to scratch will be worth about 115k. My job isn't highly paid so it was a struggle to save but I managed it.

If the changes in the death tax meant they removed the floor (where i can keep 100k) but I can get charged a maximum cap of 50k.... Then I (well my family) have practically lost half my house when I die.
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AFAIK, there is no talk of moving the 100k floor, they have added an upper contribution limit which is to be determined following consultation.
 
Macky said:
Do these death taxes in any way effect people passing on their assets before they die? Surely everyone would just do this to avoid the tax?
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You'll have to have a crystal ball mind. HMRC see right past this little trick.
 
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