Those Libservative tax policies in full

drc

There was a bit in one of the papers today that said the gradual increase of the lowest tax band to £10,000 will mean that anyone earning under £92,000 per year will benefit even with the 1p added on to NI. As for not making employers pay more NI, this is a no-brainer since the Conservalibs need to slowly encourage private enterprise that has been so wilfully destroyed and punished by Labour. The scales need to be tipped so that there are more people in the private sector and less in the public sector since this is where the money actually comes from. Penalising employers at this point in time (a tax/NI rise may appear later on) is counter productive.

kennyboy66_2

mitchaa wrote: »

http://www.dailymail.co.uk/news/election/article-1277687/DAVID-CAMERON-BECOMES-PRIME-MINISTER-Middle-classes-pay-price-Tory-deal-Lib-Dems.html

http://www.dailymail.co.uk/news/article-1278006/Cameron-backtracks-NI-rise-middle-classes-face-savage-capital-gains-tax-rises.html

The article suggests that people who earn less than £45k will be better off due to the increase in the personal allowance even with the planned 1% increase.

Taxes are going up for everyone. Anyone who doesn't think this is deluded.

Generali

kennyboy66 wrote: »

Taxes are going up for everyone. Anyone who doesn't think this is deluded.

Taxes will rise and spending will be cut. The same outcome was guaranteed whoever was voted in. Even if you voted 'Real Socialist' or whatever the mad lefties stand under these days the same thing would have happened. Deficit spending is starting to be taken out of the hands of Governments. Greece is only the start of that process.

The world's economy is coming out of recession so why lend vast amounts of money to a Government paying a couple of percent when you can buy a part of Brazil Rubber or Indian Beer or whatever and hopefully make your investment back many times over?

kennyboy66_2

Rochdale_Pioneers wrote: »

1. We're holding to our commitment not to force big business to pay any more tax
2. We're holding to our commitment to pay of the deficit by tomorrow lunchtime
3. That means you ordinary peons will pay more tax whilst your employers plead poverty.

The "jobs tax" position always meant that if big business wasn't to contribute their share of the cash, the rest of us will have to stump up more.Nice one Nick!

1) Employers NI is an inherently bad tax. It reduces employment - simple as that.

2) Labours plans to deal with the deficit were broadly similar. £6bn in cuts is a pinprick to whats required. Labours argument was not that these cuts were required, but that they would "damage the recovery". All evidence at the moment is that the general economy is doing a little better than expected.

3) Ultimately the burden of all taxation falls on individuals. A company as an entity has owners or shareholders. The fantasy that taxes on companies or employers don't affect individuals is a delusion similar to efficiency savings.

Its pretty sad when Labour supporters sacrifice jobs for political expediency.

mitchaa

kennyboy66 wrote: »

Taxes are going up for everyone. Anyone who doesn't think this is deluded.

You are talking indirect taxes.

Indirect taxation gives you a choice, direct taxation most certainly does not. If you are earning less than £45k, YOU WILL have more in your pay packet this time next year.

How you spend that pay packet is entirely upto you.

StevieJ

kennyboy66 wrote: »

Taxes are going up for everyone. Anyone who doesn't think this is deluded.

Yes wait for the 25% basic tax rate.

StevieJ

mitchaa wrote: »

You are talking indirect taxes.

Indirect taxation gives you a choice, direct taxation most certainly does not. If you are earning less than £45k, YOU WILL have more in your pay packet this time next year.

How you spend that pay packet is entirely upto you.

How do you know that? have you seen the budget

mitchaa

Tory scaremongering is rife and unfounded.

Based on events that happened 20-30yrs ago, some people need to forget, wipe that old slate clean and just get on with it. The amount of drivel I hear up here in Scotland about a Tory government none of them are old enough to even remember is laughable, it drives me nuts.

It's sheep following sheep, my folks tried telling me about the Tories, I just switched off and remembered what I had experience in. I.e the Labour era. I therefore voted blue

mitchaa

StevieJ wrote: »

How do you know that? have you seen the budget

Yes, Dave was round last night.

I'll give you my house if they don't, so bring this thread up in 2mths time just to remind me. Threshold going up, NI going up, take home pay going up (For those under £45k)

kennyboy66_2

mitchaa wrote: »

You are talking indirect taxes.

Indirect taxation gives you a choice, direct taxation most certainly does not. If you are earning less than £45k, YOU WILL have more in your pay packet this time next year.

How you spend that pay packet is entirely upto you.

I'd wait till the actual budget if I was you. Politically it makes sense to jack taxes up as quickly as possible. A normal increase in allowances benefits higher paid people more in cash terms - which surely can't be the intention.
It would not sursprise me to see an increase in the basic rate of tax to say 22%, this raises £9-10bn, and could be reversed in 4 years time.