Facecloth Posted 23 September 2022 Share Posted 23 September 2022 1 hour ago, Jon the Hat said: Fine if you believe that, but I’m not sure which bit of spending billions on a 1pp tax cut for 32million people, subsidised energy for all and rolling back the NI increase makes you think that. I find it hilarious that just the other day you were bleating on about how much tax is paid on these uncapped bankers bonuses, and now it's fine we're cutting the amount of tax paid on these uncapped bankers bonuses. Just give up mate ffs Link to comment Share on other sites More sharing options...
FoxesWalk Posted 23 September 2022 Share Posted 23 September 2022 2 Link to comment Share on other sites More sharing options...
LVFox Posted 23 September 2022 Share Posted 23 September 2022 The odd thing is even if this works, you’re unlikely to see the benefit before next election. In the meantime the Tory’s have been firmly painted as hating anyone who doesn’t earn 100k+ and being a threat to our economy. I’ve gone from thinking the polls will close by time next election comes round and Labour hoping for a coalition at best to looking a sure bet for a good majority. Link to comment Share on other sites More sharing options...
FoxesWalk Posted 23 September 2022 Share Posted 23 September 2022 https://archive.ph/oCaIS If anyone is interested in the Paul Krugman article in the NYT on the mess we find ourselves in you can read it free here. 1 2 Link to comment Share on other sites More sharing options...
Daggers Posted 23 September 2022 Share Posted 23 September 2022 2 hours ago, ealingfox said: 😂 You have to give Jon points for effort though. 1 Link to comment Share on other sites More sharing options...
Tommy G Posted 23 September 2022 Share Posted 23 September 2022 NI reduction is sensible - should never of happened in the first place. Basic band reduction I also agree with. The 45% bracket isn’t justifiable. They should of kept it. The tax bracket they should of looked at is the bracket between 100-125k. It’s a aggregate tax of over 63% (well it’s technically not a bracket you just lose your personal allowance) In my view this is pretty outrageous levels of tax and unfair. 2 Link to comment Share on other sites More sharing options...
Popular Post urban.spaceman Posted 23 September 2022 Popular Post Share Posted 23 September 2022 Oh I get it now 6 Link to comment Share on other sites More sharing options...
grth2004 Posted 24 September 2022 Share Posted 24 September 2022 (edited) I want to hate this budget for many reasons but to be honest abolishing IR35 is the best thing that’s happened to me and many fellow contractors in the last 5 years , it’s been a hard few years snd I’m having a little celebration tonight. That’s tough for me to say as i’m usually a Labour supporter these days. Edited 24 September 2022 by grth2004 Link to comment Share on other sites More sharing options...
ozleicester Posted 24 September 2022 Share Posted 24 September 2022 The phrase “pull yourself up by your bootstraps” originated shortly before the turn of the 20th century. It’s attributed to a late-1800s physics schoolbook that contained the example question “Why can not a man lift himself by pulling up on his bootstraps?” So when it became a colloquial phrase referring to socioeconomic advancement shortly thereafter, it was meant to be sarcastic, or to suggest that it was an impossible accomplishment. 1 Link to comment Share on other sites More sharing options...
fox_up_north Posted 24 September 2022 Share Posted 24 September 2022 Some analysts are predicting a run on the pound and interest rates up another 5%. This is going to be such a car crash. 1 Link to comment Share on other sites More sharing options...
Fazzer 7 Posted 24 September 2022 Share Posted 24 September 2022 7 hours ago, grth2004 said: I want to hate this budget for many reasons but to be honest abolishing IR35 is the best thing that’s happened to me and many fellow contractors in the last 5 years , it’s been a hard few years snd I’m having a little celebration tonight. That’s tough for me to say as i’m usually a Labour supporter these days. What is IR35? Link to comment Share on other sites More sharing options...
Dahnsouff Posted 24 September 2022 Share Posted 24 September 2022 6 minutes ago, Fazzer 7 said: What is IR35? In simple terms, working inside IR35 means that the service you provide is deemed by HMRC to reflect a service of employment, not self-employment. That means you're likely to be taxed more, given that contractors operating inside the rules are considered employees for tax purposes. Link to comment Share on other sites More sharing options...
st albans fox Posted 24 September 2022 Share Posted 24 September 2022 21 minutes ago, fox_up_north said: Some analysts are predicting a run on the pound and interest rates up another 5%. This is going to be such a car crash. Are they also predicting that we will have 1 point from seven games ??? Link to comment Share on other sites More sharing options...
Popular Post urban.spaceman Posted 24 September 2022 Popular Post Share Posted 24 September 2022 2 6 Link to comment Share on other sites More sharing options...
Jon the Hat Posted 24 September 2022 Share Posted 24 September 2022 15 hours ago, Facecloth said: I find it hilarious that just the other day you were bleating on about how much tax is paid on these uncapped bankers bonuses, and now it's fine we're cutting the amount of tax paid on these uncapped bankers bonuses. Just give up mate ffs I'm not convinced it is the right thing to be honest because it looks bad, but even at 40%, a 1million bonus pays 400k of income tax, vs 200k or corporation tax. Its makes no difference to me if a banker gets paid more money, so why wouldn't I want to see more tax revenues? I am pretty sure this policy will pay for itself anyway. If the treasury didn't think so they wouldn't have done it. Whether you like it or not there is a competitive market for talent being paid fortunes, and we want London to win that battle - it is good for all of. Those financial services pay for an awful lot of our public services countrywide. That said, I do think the money invested yesterday could have been better spent to focus on those really struggling. A one time increase to UC for 12 months would likely take us through the worst of it. Link to comment Share on other sites More sharing options...
Popular Post Daggers Posted 24 September 2022 Popular Post Share Posted 24 September 2022 Yes. Whenever has the banking sector ever let us down? They deserve every ounce of support. 7 Link to comment Share on other sites More sharing options...
Dahnsouff Posted 24 September 2022 Share Posted 24 September 2022 They should have just raised the personal allowance to 15k 4 Link to comment Share on other sites More sharing options...
Dahnsouff Posted 24 September 2022 Share Posted 24 September 2022 17 minutes ago, Daggers said: Yes. Whenever has the banking sector ever let us down? They deserve every ounce of support. https://www.gov.uk/government/statistics/paye-and-corporate-tax-receipts-from-the-banking-sector-2022/paye-and-corporate-tax-receipts-from-the-banking-sector-2022 Well they did that…. Link to comment Share on other sites More sharing options...
foxile5 Posted 24 September 2022 Share Posted 24 September 2022 1 hour ago, Daggers said: Yes. Whenever has the banking sector ever let us down? They deserve every ounce of support. During the financial crash most countries held their bankers to account. We gave them bonuses. No wonder that they aren't ****ed in the slightest. No consequence to anything for the well off. 2 2 Link to comment Share on other sites More sharing options...
Fazzer 7 Posted 24 September 2022 Share Posted 24 September 2022 There isn’t a single one of these measures will help me. I was hoping for something like a cut in vat on fuel or duty. Link to comment Share on other sites More sharing options...
Facecloth Posted 24 September 2022 Share Posted 24 September 2022 5 minutes ago, Fazzer 7 said: There isn’t a single one of these measures will help me. I was hoping for something like a cut in vat on fuel or duty. Liz Truss has voted numerous times to increase VAT and has voted numerous times to lower the higher rare of tax etc. You know where her priorities lie. Link to comment Share on other sites More sharing options...
leicsmac Posted 24 September 2022 Share Posted 24 September 2022 9 minutes ago, Fazzer 7 said: There isn’t a single one of these measures will help me. I was hoping for something like a cut in vat on fuel or duty. As @Facecloth above states, I doubt this will help anyone outside of a very specific subset of people whom it's designed to enrich still further. They care nothing for people beyond either their own line of sight or the next few years. 1 Link to comment Share on other sites More sharing options...
urban.spaceman Posted 24 September 2022 Share Posted 24 September 2022 44 minutes ago, Fazzer 7 said: There isn’t a single one of these measures will help me. I was hoping for something like a cut in vat on fuel or duty. You seem surprised. 1 Link to comment Share on other sites More sharing options...
Fazzer 7 Posted 24 September 2022 Share Posted 24 September 2022 8 minutes ago, urban.spaceman said: You seem surprised. No disappointed. Link to comment Share on other sites More sharing options...
urban.spaceman Posted 24 September 2022 Share Posted 24 September 2022 1 hour ago, Fazzer 7 said: No disappointed. Did you actually expect anything else from these people? Link to comment Share on other sites More sharing options...
Recommended Posts