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

Madjock

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.

I thought you had a degree in philosophy Phil?

Don't you have even a basic understanding of modern political parties?

Traditional Labour died with John Smith and Socialist Labour is an altogether different entity anyway.

Gemmzie

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.

Not just the single and childless but also those who's children are over 16 and not in education. Will those young people see the benefits? Nope, they'll be taxed more heavily.
Then there's those couples under 25 who for some ridiculous reason don't get WTC

studentphil

Madjock wrote: »

I thought you had a degree in philosophy Phil?

Don't you have even a basic understanding of modern political parties?

Traditional Labour died with John Smith and Socialist Labour is an altogether different entity anyway.

I do understand that labour aren't left wing now but they still a lot of people vote for them because they think they will stand up for the needy.

krisskross

Gemmzie wrote: »

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

A saving can be made if you earn enough.Whilst the 10% band has been abolished the middle tax band goes down from 22% to 20%. The reasoning being that all the saved 2%s make up for losing the 10%. So it truly is solely the low income taxpayers who lose out. Never thought I would see a Labour Government take from the REALLY poor to give to the better off.

OddjobKIA

if an employer offers £18k down here he will have a line 2000 long outside his door

I was willing to travel for 40 min a day each way for £16k

studentphil

OddjobKIA wrote: »

if an employer offers £18k down here he will have a line 2000 long outside his door

I was willing to travel for 40 min a day each way for £16k

But yet if the average is 26k there must be tons of people on more than 18k. Maybe most people are highly qualified professionals now.

Madjock

studentphil wrote: »

I do understand that labour aren't left wing now but they still a lot of people vote for them because they think they will stand up for the needy.

Phil, prior to 1997 we had 18 years of tory rule, during which trade unions were emasculated, british industries were destroyed, nationalised industries were stolen and sold off for tuppence, social housing was privatised and people were truly on the breadline.

Fastforward 10 years and I caught a snippet of the news last night talking about a tory MP sleeping rough in Victoria overnight to highlight the need for more social housing. This demonstrates quite clearly the vast difference in what the Labour party now represents. I have voted Labour since I was old enough to vote and I cannot tell you how betrayed I feel by what they have done in the last few years. I did vote them in again last time but I won't be voting Labour next time unless there are some substantial policy shifts, which I doubt.

I expect there's a lot of me out there, we had such high hopes of what could happen if we had a more "leftist" government. I will never ever in a month of Sundays vote tory, but I don't know what I will do cos I know I won't be voting Labour.

Madjock

No Phil, most people aren't highly qualified professionals, the gap between rich and poor gets wider and skews the statistics that supposedly represent average pay.

ManAtHome

99 people on 16k, 1 person on a million - what's the average and (more importantly) the median wage...?

Gemmzie

So if you earnt, for examples sake minimum wage at 35 hours a week, £5.52 isn't it...£10,046.40 a year.

At the moment; first £5035 is tax free, then next £2150 is 10%, then 22% over that (I'm aware there's a higher rate too but doesn't apply here). So that person currently gets taxed £860.99 a year.

New system - they get taxed £1004.28 so they are £143.29 worse off a year. That's a lot to someone on a low income.

Useless government