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Breaking News: £1000 married tax allowance
Comments
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Being able to pass the full perssonal allowance from a non tax paying partner like you can in other countries would make a big difference for some.0
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Thrugelmir wrote: »......1 in 7 Americans now use foodbanks. A staggering statistic for one of the wealthiest countries on the planet.
Hopefully, the food stamps have been lost over the fiscal cliff. They'll be starving and dying like flies in the street while all the rednecks look on laughing.
They should use food stamps here. Would create a lot more jobs. There's serious money to be made lurking on the street corners picking up food stamps at 60 pence in the £ so that they can buy beer & fags with them. Sell 'em on for 90 pence in the pound for the better off to use at Tesco.
... large gin & tonics all round....0 -
Being able to pass the full perssonal allowance from a non tax paying partner like you can in other countries would make a big difference for some.
How likely is that on scale of 1 (nil)-10?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Step 1 very likely, future steps also likely if they remain in power. 10k personal allowance also very likely and that looked remote a few years ago.0
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Yup - and in France you can use childrens' allowances too, and it makes a massive difference. You get an allowance per adult, half an allowance for the first two children and a full allowance for any other children (they want to encourage larger families - they realise they have a demographic problem). Even better - the tax thresholds at which you pay higher rates of tax are multiplied by the number of allowances.Being able to pass the full perssonal allowance from a non tax paying partner like you can in other countries would make a big difference for some.
We've got a long way to go to get to that sort of system, and I doubt we'll get there soon if ever, but this is a small step in that direction...0 -
Step 1 very likely, future steps also likely if they remain in power. 10k personal allowance also very likely and that looked remote a few years ago.
They may have got their eventually with the £10k allowance but so much benefit has already been erroded not to mention VAT has been increased, which is regressive and NI rates increased."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
The NI rate increase was Labour's plan, and in actual fact lowered NI for the lower paid (sub £20k) as the threshold increased.grizzly1911 wrote: »They may have got their eventually with the £10k allowance but so much benefit has already been erroded not to mention VAT has been increased, which is regressive and NI rates increased.
VAT isn't regressive unless you ask the wrong question - the IFS did a good article on this. Basically "regressiveness" is usually measured against income, and it makes no sense to measure a spending tax against income. Since people with high capital but low income will pay a lot of VAT if they spend capital, and people whose earnings vary a lot will proportionally pay more VAT when they're earning less, and less VAT when they're earning more.
Measured against spending, VAT isn't regressive (since the poorer you are the more you'll spend on VAT free stuff such as most food, rent, second hand clothes or low VAT stuff such as domestic fuel).0 -
Thrugelmir wrote: »Only. Then targeted correctly the most deserving. When I hear people say it's only a couple of hundred pounds. You realise that people have become detached as to well off they actually are. While there's , like in the USA, a growing underclass.
1 in 7 Americans now use foodbanks. A staggering statistic for one of the wealthiest countries on the planet.
And 75% are classed as obese, obesity is highest amongst the underclass.0 -
Loughton_Monkey wrote: »Hopefully, the food stamps have been lost over the fiscal cliff. They'll be starving and dying like flies in the street while all the rednecks look on laughing.
They should use food stamps here. Would create a lot more jobs. There's serious money to be made lurking on the street corners picking up food stamps at 60 pence in the £ so that they can buy beer & fags with them. Sell 'em on for 90 pence in the pound for the better off to use at Tesco.
... large gin & tonics all round....
KFC now take food stamps. That's how poor they are.0 -
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