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

MothballsWallet

Labour = spin + Bush worship + removal of freedoms + stealth taxes

Of course everyone who isn't a CEO or upper-end manager will suffer. Still, at least the rich will be able to afford to give more money to politicians to waste.

studentphil

Honestly do most people earn over 18K a year?

krisskross

studentphil wrote: »

What sort of so called socialist party makes the poorest worse off? It might only be 50 or 70 quid a year but that is a lot if you are on a low income.

A female pensioner aged between 60 and 65 with an annual income of £8K will see her tax bill rise immediately from £200 pa to £400 pa.

Disgraceful that a Labour government penalises the poorest in this manner, but no one from any of the other parties appear to have challenged the not so Honourable PM about his plans to steal from the poor, so perhaps they also think it is a good idea.

skintchick

studentphil wrote: »

Honestly do most people earn over 18K a year?

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.

Gemmzie

Graham_Devon wrote: »

The poorest lose out on this one. Paying more income tax on their low wages. The middle earners just about make a tiny saving. And I mean tiny.

How do you make a saving? Could you explain please, having an idiot day.

studentphil

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.

26k is a managers wage where I live, so I can't so that most people are mangers to be honest.

nearlyrich

I agree most people aren't mangers whatever they are, lot's of people earn over £26k, low paid people with children will get increased tax credits it's single and childless couple low paid workers who will be worst affected. As usual Nu labour made a big thing about abolishing the 10% rate as if it was a good thing for everyone.

studentphil

nearlyrich wrote: »

I agree most people aren't mangers whatever they are, lot's of people earn over £26k, low paid people with children will get increased tax credits it's single and childless couple low paid workers who will be worst affected. As usual Nu labour made a big thing about abolishing the 10% rate as if it was a good thing for everyone.

You we better all have kids or learn how to jump to 26k salary quickly then.

DKLS

studentphil wrote: »

26k is a managers wage where I live

Maybe you should move and raise your expectations while your at it.

studentphil

DKLS wrote: »

Maybe you should move and raise your expectations while your at it.

I do aim for more than the limit of 15k I earn in my current job.