George Osborne MUST now U-Turn 'Granny Tax'!

atush

jem16 wrote: »

Not nearly as hard as everybody else. What makes you think pensioners should be totally sheltered?

Chart 1: Distributional impact of tax and benefit changes implemented by current government up to and including April 2014, by household type.

Great post with a great graph that will explain what we have been saying better than words for the less intellectual in this thread lol!

Even Booze cruiser can understand that one- oops what if he has put us all on ignore?

teajug

Always a good idea to make sure you have no spelling mistakes before commenting on someone else's spelling.

I've highlighted the mistakes just to give you a clue.

Then replaced with the higher personal allowance to compensate. It's also still available to some (mostly pensioners) through savings interest.

Wow, you will go far with your nit-picking,

Replaced with the Child Tax Credit.

Not many pensioners would benefit from that one, you will agree, or I could be ignorant, but please let me know if that is also for pensioners to benefit from....

The one which you presumably benefited most from?

Why not, would you let it go if was available to you then.

It was also mostly in place when mortgage interest rates were 15% plus.

Remind what the interest is on mortgage now. I am aware that you can get various rates but as far as I know mortgage rate at present is at an all-time low...but again let me know if I am ignorant of the facts.

Just the way tax is. I remember paying 22% tax instead of 20% tax as it is now.

You are working and able to get more extra income by way of promotion or getting a better well paid job. Pensioners are on a fixed income and that has been eroded by the last 3 governments.

To be replaced by higher personal allowances for all - apart from those earning over £150k.

Now that is the grating bit, the millionaire cabinet gave themselves a massive pay rise by reducing their taxes and of course their super rich friends and took away from the most vulnerable ie pensioners and disabled. The homeless can be move out of London as they are not for super rich to see as it may get up their noses.

jem16

atush wrote: »

Even Booze cruiser can understand that one- oops what if he has put us all on ignore?

Probably has as my promised debate has never materialised.

jem16

teajug wrote: »

Wow, you will go far with your nit-picking

It's actually called correcting the emotive misinformation being spewed out.

Not many pensioners would benefit from that one, you will agree, or I could be ignorant, but please let me know if that is also for pensioners to benefit from....

The point is that the people who benefited most from MIRAS and Married Man's Allowance were today's pensioners.

Why not would you let it go if was available to you then.

I had to. I was one of the ones who lost MIRAS and the Married Man's Allowance.

Remind what the interest is on mortgage now. I am aware that you can get various rates but as far as I know mortgage rate at present is at an all-time low...but again let me know if I am ignorant of the facts.

Again you seem to be missing the point. MIRAS was available at a time when interest rates were very high. It was brought in to encourage people to buy. My first mortgage was at 18%. Now, as interest rates are at an all-time low, MIRAS is not exactly needed.

You are working and able to get more extra income by way of promotion or getting a better well paid job.

I doubt they are going to promote me or even give me a new job as I'm only 4 years from retirement. Please don't jump to conclusions.

I think you will also find that, in today's real world, people are losing their jobs through redundancy as opposed to just walking into better paid jobs.

Pensioners are on a fixed income and that has been eroded by the last 3 governments.

At least their pension is keeping in line with inflation which is more than my current wage is considering no wage rise for the last 2 years. My pension contributions have also increased.

Now that is the grating bit, the millionaire cabinet gave themselves a massive pay rise by reducing their taxes and of course their super rich friends and took away from the most vulnerable ie pensioners and disabled.

Again you are rather missing the point. Those earning £150k or over don't get a personal allowance at all so they are taxed on all their earnings. Also the introduction of a 50% rate was meant to be a temporary measure and not a permanent one.

Look at the chart that I posted. Pensioners have been the least hit with a loss of only 1.4% as opposed to other groups that have lost 2%, 2.5% and 3.7%.

If pensioners were to lose nothing those other groups would see their loss increased.

Do you feel that is fair?

atush

Shame he has missed that Graph then, it would have been easy enough for even he to understand.

jem16

atush wrote: »

Shame he has missed that Graph then, it would have been easy enough for even he to understand.

It was quoted earlier and now by you as well ( assuming you have not yet been put on ignore ).

I think he will have seen it but, as it doesn't fit in with his way of thinking, conveniently ignored it.

boozercruiser

MonkeyMad wrote: »

Ah, so YOU won't be making a decision between eating or heating then, it must be someone else you know, perhaps an ex-police officer? Your lifestyle sounds quite comfortable, so one must conclude your campaign is driven by personal greed, a sense of personal entitlement, altruism at others expense?

I have never received most of those allowances since they had all been removed when I might have wanted them. I was never worse off because of it since I never had them. I'm guessing you had the benefit of all of them, and just want a little bit more. Despite those paying for you don't have the same breaks you did?

I notice you never tell us which or the burgeoning allowances you get you would like to give up. With your playboy lifestyle you obviously don't need them all so which one would you like to give to a pensioner who doesn't pay tax?

The care I take with my spelling is vaguely proportional to how much intellectual interest is sparked by the debate. Your campaign and basis of argument is somewhat sub-tabloid, so I don't really care that much about a relatively comfortable pensioner moaning about how they are likely to be impoverished by paying (slightly) more tax.

I'm not jealous of two weeks in Bournemouth. At all.

"I notice you never tell us which or the burgeoning allowances you get you would like to give up".

My Tax Allowance is now FROZEN costing £83 from 2013 and rising.
Being a Pensioner I get my Bus Pass
I get my Heating Allowance

burgeoning allowances my bum.;)

I cannot claim Pension Credit or Council Tax Relief (£1400 a year) because I have just a little over the criteria coming in.

O.K. I give in with you.:eek:

Now then my friend (well, perhaps you could have been):D
I have worked out that you and I do not get on and that I would cross over the street so as to avoid you.
So, I have neither the time or the inclination to bother with you again.

You are now inside a very crowded Boozercruiser 'Ignore' room.

Congratulations, as only the really pain in the rear end people are in there.:silenced:

Goodbye, take care now and you keep happily paying your Taxes.:):wink:

MonkeyMad

jem16 wrote: »

Chart 1: Distributional impact of tax and benefit changes implemented by current government up to and including April 2014, by household type.

I might not be on ignore yet. Oops too late, decided you can't put up a decent argument so just ignore someone else.

A free bus pass 'only' worth about £480 a year where I live, so you seem to be doing quite nicely out of it. You also forgot to mention your free prescriptions.

I don't think I could have been your friend as I don't get on well with the hard of thinking. I doubt any of us feel offended by being on the ignore list of a buffoon, who lacks the ability to argue his case when presented with conflicting evidence. Still, part of me does hope you suffer greatly by being £83 worse off as I think in your case I would get pleasure from it.

jem16

boozercruiser wrote: »

You are now inside a very crowded Boozercruiser 'Ignore' room.

Looks like he'll be talking to himself soon.

boozercruiser

Remember that the Granny Tax will have a cumulative effect over the years..

For illustrations sake let us say that you have just had an £8 a week increase from various directions. So £416 a year. 20% of that will now go in tax you would not otherwise have paid. So that is £83. The following year let us say you get another £8 increase. So that is £832 extra income in the second year. So 20% of that and you are now paying £166 a year you would not otherwise have paid. And of course this tax burden will increase pro rata every year. Or at least until the lower band, if it ever does catch up with your earnings. So we are not just talking £83 here. Far from it.

NEW RETIREES WILL BE WORST HIT
Let us say that you are just coming up for retirement next year in around April or later in 2013 and your earnings are £10,500 and more. The £10,500 Tax Allowance is GOING DOWN to £9,205. So you are starting to pay tax on pension or other earnings from £9,205 instead of £10,500. This in effect means that new pensioners who earn over £10,500 will pay £325 extra tax in just the first year. With less than that depending on what your earning are between £9,250 and £10,500.This will also continue to rise every single year from now on. So we are potentially talking about an awful lot more money as the years go by.

The Treasury select committee said recently "The phasing out of age-related allowance also represents a revenue increase to the Government of £360 million in 2013-14, rising to £1,250 million in 2016-17".

This cash is being filched from granny's purse (filch - to steal or take surreptitiously in small amounts).

The day George Osborne took the Elderly for fools...
http://www.youtube.com/watch?v=4yDqFvVBNK4

The Tax Gran song...
http://www.youtube.com/watch?v=qMMVe4kfQaE