Budget 2009

[bladerunner]

Top rate of tax upped to 50%That could be a masterful move if it's played right

[Guillermo Rigondeaux]

BRAP

[Angelo]

Not really.Every time a loophole has been tampered with, another one has reappeared.Watch it have very little effect.

[bladerunner]

Not really.Every time a loophole has been tampered with, another one has reappeared.Watch it have very little effect.

do you really know what you're talking about?do you know what effect it's even intended to have?LOL @ referring to income tax as a loophole.

[Dynamau5]

All bullshit, all these guys care about is popularity points, they would get more done with 2 mics and a grime instru. all they do is send for eachother. They need some answers not just bars

[Angelo]

I don't wanna break it down.Tax bands depend on declarable income.Declarable income is able to manipulated very easily.So the super rich are avoiding tax quite easily.Also known as a tax loophole.Raising tax on earnings over that amount to 50% will have very little effect.It doesn't take a lot of accounting genius to "lose" that extra amount to bring it back below the threshold.If you want to be pedantic and pretend tax thresholds and loopholes have nothing to do with each other, you do that.But don't try it like I don't know what I'm talking about.

[Doom]

superb re-examination by cameronall the partners seething at work

[bladerunner]

I'm a fass

Yes, you're right SOME places will bring it beneath the threshold. But not all.You didn't answer the second question however. The political implications will be masterful if played right. Which is what I referred to in the first post.

[tuppatopbrer]

Quite a competent show of electioneering. Once again Toff Toffington has nothing of worth to say bar criticise the current government.

[bladerunner]

superb re-examination by cameronall the partners seething at work

Lol, shame on the cunts.

[bladerunner]

Quite a competent show of electioneering. Once again Toff Toffington has nothing of worth to say bar criticise the current government.

*spuds*

[Doom]

Top rate tax should of been coupled with reduction in basic rate tax increasing real income for the masses or exemption entirely for households earning under say £12000.Scrap the Olympics cannot justify £12bn for 2 weeks of sport in this climate, create jobs arguments is rubbish - temporary, low paid etc will not make much difference.Reduce unemployment benefit for the long-term unemployed who are able to work - there is correlation between the generosity of unemployment benefit and long term unemployment rates no surprise why.Reduce child benefits to the first child only.

[Gordon Gekko]

Pissed for those that it affectsWatch more wealthy people leave to go live in one of them european countries that wont tax them ridiculously*edit* Nice look for Labour though

[darkman]

High encome earners are pissed

[bladerunner]

Top rate tax should of been coupled with reduction in basic rate tax increasing real income for the masses or exemption entirely for households earning under say £12000.Scrap the Olympics cannot justify £12bn for 2 weeks of sport in this climate, create jobs arguments is rubbish - temporary, low paid etc will not make much difference.Reduce unemployment benefit for the long-term unemployed who are able to work - there is correlation between the generosity of unemployment benefit and long term unemployment rates no surprise why.Reduce child benefits to the first child only.

1. Is the Olympics guaranteed to make a loss when it's all said and done? I've not looked at the figures at all. Of course, scrapping it simply isn't possible now. It would damage the country's rep politically.2. Not possible politically with a labour govt. Tories won't touch it either. Making people poorer doesn't necessarily equate to an increase in motivation to find work. There are also other variables such as being qualified to work. Getting people to this standard costs money. Probably more than it would to pay them the ten quid difference per week.

[bladerunner]

its a disgracetaxing those who have worked hard 2 assume high paid jobs with responsibilityys to prop up the lazy sub working class toads who have nothing to offersome robin hood politics whihc show how pathetic and low labour have sunk...getting rid of the personal allowance if u earn over 100k is a f*ck*ng disgrace as welll...lets hope the next conservative government redress these shameful measures2 p more on fuel... the cunts

Haha, no chance. If the Tories want the centre ground, they're gonna have to make centre ground concessions.

[Doom]

Top rate tax should of been coupled with reduction in basic rate tax increasing real income for the masses or exemption entirely for households earning under say £12000.Scrap the Olympics cannot justify £12bn for 2 weeks of sport in this climate, create jobs arguments is rubbish - temporary, low paid etc will not make much difference.Reduce unemployment benefit for the long-term unemployed who are able to work - there is correlation between the generosity of unemployment benefit and long term unemployment rates no surprise why.Reduce child benefits to the first child only.

1. Is the Olympics guaranteed to make a loss when it's all said and done? I've not looked at the figures at all. Of course, scrapping it simply isn't possible now. It would damage the country's rep politically.2. Not possible politically with a labour govt. Tories won't touch it either. Making people poorer doesn't necessarily equate to an increase in motivation to find work. There are also other variables such as being qualified to work. Getting people to this standard costs money. Probably more than it would to pay them the ten quid difference per week.

Initial cost of the olympics was £4bn - at that price it was profitable, at £12bn i have my reservations now. But yes its not feasible to cancel now.

[Guest Lemons]

This government is sh*t. Gives me no reasons to try and earn more. Bunch of useless cunts.

[NO SUNSHINE]

So are the people being hit by the tax increase mainly people who won't have debts, unpaid mortgages etc. ?

[bladerunner]

So are the people being hit by the tax increase mainly people who won't have debts, unpaid mortgages etc. ?

Very few, even high earners (i.e. 150k+) don't have unpaid mortgages.

[tuppatopbrer]

This government is sh*t. Gives me no reasons to try and earn more. Bunch of useless cunts.

So you don't want to earn loads of money anymore becuase the government are going to tax you now?Putting it clearer: Earning £22k p/y beats £100k +?

[VENOM]

Top rate of tax upped to 50%That could be a masterful move if it's played right

acting like u knwo what it means. man tried hard to make a thread considering his failure to grasp other threads.

[Bardissimo]

50% !!ain't my man seen the laffer curve

[Guest Lemons]

This government is sh*t. Gives me no reasons to try and earn more. Bunch of useless cunts.

So you don't want to earn loads of money anymore becuase the government are going to tax you now?Putting it clearer: Earning £22k p/y beats £100k +?

Yes.I have my reasons.

[Sinister]

There's still loadsa holes though.If you're clever enough to earn £100k + then you must be clever enough to hide it.e.g. One guy at my work set up a fake business.The company then pays him as a consultant through his company.So he dont directly earn the money.This fake company pays him minimum wage and he claims the rest as dividends as a shareholder.So he pays minimum tax and claims the rest anyway.