Abolition of the 10% Tax Band and reduction of Standard rate to 20% [Merged]

Morglin

studentphil wrote: »

Who exactly is meant to benefit from getting rid of the 10 Per cent income band rate and the cut in the 22% rate?

Well, it sure ain't those on low or fixed incomes - I dunno, those who might donate to the Labour party?:mad:

Lin

lxpeanut

Well it isn't me. Had a below inflation pay rise now I'm going to be taxed more. Looks like its the bankruptcy court for me next year then.

absolutebounder

skintchick wrote: »

Average wage in the UK is about 26k I think, depends where you live and what you do. I haven;t earned less than 18k for years.

How come you call yourself skint then?

MothballsWallet

I just realised that I got thanked by studentphil - is that a cause for celebration or remorse?

DKLS

studentphil wrote: »

All the govt have done for me is go on about how going to univ should make you have a good income, that wasn't true, and so they make you have tons of debt and now they tax you more. So for young childless people they have done nothing.

Phil can you hear that ?????

Its the smallest orchestra of violins playing especially for you

Stop moaning your lot in life and get on with it, lifes for the making, I know people who have been 'charmed' from birth who are successful, and people who have dragged themselves out of the gutter to be a success in their chosen field.

Balls in your court Phil, what are you going to do to escape a life of mediocrity ?

absolutebounder

studentphil wrote: »

All the govt have done for me is go on about how going to univ should make you have a good income, that wasn't true, and so they make you have tons of debt and now they tax you more. So for young childless people they have done nothing.

Phil
I can remember Jack Schidt of my uni days. I studied applied biology which I have never used since. I can earn well over 100K in a year. You just have to use your brain

studentphil

DKLS wrote: »

Phil can you hear that ?????

Its the smallest orchestra of violins playing especially for you

Stop moaning your lot in life and get on with it, lifes for the making, I know people who have been 'charmed' from birth who are successful, and people who have dragged themselves out of the gutter to be a success in their chosen field.

Balls in your court Phil, what are you going to do to escape a life of mediocrity ?

Probably by leaving the world of libraries to something where the money is better.

Morglin

studentphil wrote: »

All the govt have done for me is go on about how going to univ should make you have a good income, that wasn't true, and so they make you have tons of debt and now they tax you more. So for young childless people they have done nothing.

Well, Phil, they don't do anything for older, childless people either.........but, at least, due to being funded, you now have the ability to make use of your education and work your way up the pay scale.:rolleyes:

Lin

kayree41

My husband earns 14000 and I earn 12000, so we are looking at a double whammy. We only just manage now, there seems to be no sense in the new taxation, we are on lower than the nat average wage yet we will pay more tax, the world has gone mad.

Morglin

Yes, we will too - although we are both medically retired, the new tax changes will mean that we will pay more tax than we do now on our private pensions.

Must be the new way - those on benefits and private pensions, along with those on low wages, subsidise the wealthy and the well-paid workers, instead of the other way round - sort of Robin Hood in reverse.........:eek:

Still, what can you do?

Lin :rolleyes: