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

Gemmzie

Madjock wrote: »

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.

Maybe if enough people who felt like this voted for an outside party then things might change.

studentphil

Madjock wrote: »

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.

All I can see from Labour is that they made this housing boom that has made the middle class richer and now they can do all this buying the house in the right area for the best school.

Madjock

Gemmszie, I know this is nitpicking, but I'm gonna do it anyway

Personal alowance is 522 not 503, so the increased tax burden is nearer £100 than £143.

studentphil

Gemmzie wrote: »

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

Clearly this policy is aimed at the middle classes then.

studentphil

Madjock wrote: »

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.

Maybe you are right, but it must be all these well paid bankers and accountants in the city that skew it.

Madjock

No Phil, it's aimed at low-income families. If you are a low income household with dependant children you will benefit from increases in tax credits. The removal of the 10% tax rate helps fund this. The benefit to middle income earners is negligible when taken in context. Someone earning £26k a year gross is going to benefit by about £13 a month. You have to consider that their take home pay is about £1235 or thereabouts anyway.

studentphil

Madjock wrote: »

No Phil, it's aimed at low-income families. If you are a low income household with dependant children you will benefit from increases in tax credits. The removal of the 10% tax rate helps fund this. The benefit to middle income earners is negligible when taken in context. Someone earning £26k a year gross is going to benefit by about £13 a month. You have to consider that their take home pay is about £1235 or thereabouts anyway.

So if you have no kids you don't count then to this govt?

Madjock

That pretty much covers it Phil, now we can move on to Politics 201.

Gemmzie

Madjock wrote: »

Gemmszie, I know this is nitpicking, but I'm gonna do it anyway

Personal alowance is 522 not 503, so the increased tax burden is nearer £100 than £143.

Sorry, was that last year's figure? I don't get taxed so don't keep on top of it.

studentphil

Madjock wrote: »

That pretty much covers it Phil, now we can move on to Politics 201.

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.