this 10p tax issue.....

Dylanwing

This was announced over a year ago, and largely ignored. A pity that the Press could get so worked up about Non-Doms, but failed to publicise this. Whilst the amounts seem small, if you are already struggling on low pay, it can make a big difference. The Benefits system is already acting as a dis-incentive to take a lower paid job, and this just makes things a lot worse, and the timing could hardly have been worse as Council Tax, Utilities, Food and transport costs are all rising rapidly. I think that the problem lies with GB's ridiculous 'End Child Poverty' slogan, and he is trying so hard to target money towards families with children that he has not realised the consequences. Well that and the fact that he has created a complex mess of tax credits, when a simple system of tax allowances would have worked just as awell and at a fraction of the cost.
BTW, I gain with the tax changes, but have a social conscience and would happily forego any gain if it would help right this injustice. Mind you, I'd be even happier if he closed the tax loopholes so loved by the wealthy instead!

joanneinwonderland

I am actually better offer under the new regime but my OH is worse off and he is earning £10k less than I am. Where is the justice in this? I think the government has to listen otherwise they have to go!! Although will any other party be any better?! Perhaps we should start the MSE Party and all stand independently!! I'm sure with all our money saving expertise we could do a lot better with Public spending than the shower of shtie at the moment.

:mad:

VOTE MSE haha :T

Jennifer_Jane

I am currently better off under the new tax regime, but this is not just plain unfair (making the poorest people poorer), but indicates that Gordon Brown does not understand basic tax/arithmetic. I hope that this does turn into a vote of no confidence, because it goes against the basic tenets of a Labour Government per se - this is a huge, huge mistake, and I believe that Brown will rue the day that he stood up so happily and confidently, with a smirking Blair by his side, to announce this.

It's just plain wrong!

PS - I'm better off now, but when I retire in a few year's time, it will affect my income.



Jen
x

jason2008

I'm a 35 year old single man, I've been divorced for 5 years and I have a 10 year old son. I earn about 14k, after paying my rent, council tax, household bills, food and 15% of my wages to my ex wife I can honestly say I see nothing out of that, now Mr Brown has doubled my tax rate.
I really feel every last bit of joy is being sucked out of my life, I can't afford to have a life or even re-train to have one. I know there are people worse off then me, but I work hard and have never been on the doll, this is my reward. I really feel I'm suck in a black whole I'm never gonna get out of, I just feel like giving up.


fed up
Jason

(Peterborough)

linden_2

Have you emailed Frank Field and signed the petition ?

If you have a child , aren't you entitled to any tax credits ?

Have you been to ask for advice ?

linden_2

Have you emailed Frank Field and signed the Downing Street petition ?

If you have a child , aren't you entitled to any tax credits ?

Have you been to ask for advice ?

mitchaa

wearside wrote: »

Why should the poorist paid people fund the better off. Among the losers are those under the age 25 earning under £18,000 and ineligible for working tax credits. Those like me who have retired early from work (due to sickness in my case) and ineligible for higher personal allowances. Part-time workers who are working insufficient hours to qualify for tax credits. These are the sort of people that Gordon Brown chose to ignore when he delivered his pre budget speech and still refuses to acknowledge when questioned.

Among the winners are those lucky enough to have an income in excess of £18,000, those aged over 65 earning under £18,000 but eligible for higher personal allowances and those earning under £18,000 with young children and therefore eligible for child tax credits.



This matter will not go away and the sooner Mr Brown realises this the better. He may just realise this after the Local Election results.

I am not getting where this £18,000 is coming from?? Over the past week it has been widely publicised in the media, press television, news, newspapers even the government yesterday. (Im sure i even heard the PM say it was £18k )

Its wrong though. The break even point is lower at around £15,000

Someone earning £18000 in tax year 07/08 will have taken home £1170.76
Someone earning £18000 in tax year 08/09 will take home £1175.63

An increase of £4.87pm

This is because NI limits have been raised from £100-£105 which sees a £5 saving

Someone earning £15000 in TY 07/08 = £1003.26
Someone earning £15000 in TY 08/09 = £1003.13

A decrease of £0.13pm (So break even point)

http://www.thesalarycalculator.co.uk/salary.php

Perhaps someone should inform the press and the government that the £18,000 ''lower income'' figure doesn't exist if you are an employee of working age and paying both IT and NIC

Dylanwing

That's alright then, it ONLY affects those earning under £15K, Hurrah for Gordon Bean!

bubblesbonbon

I was watching the feeble excuses of two Labour MP's yesterday on BBC Parliament (Yeh - I know but it was the first time) and they seemed proud that THEY had raised the minimum wage and offered it as some sort of defence against the doubling of the 10% rate.

They may have raised it but they didn't pay for it - the employers did and as a direct result of this Budget anybody working 40hrs a week on £5.52ph rate will be worse off by £6 a month!!

Are these MP's terminally thick or do they think that the people they are screwing are? :mad:

larmy16

As GB seems to think 20% tax on all income makes things a lot easier, how about raising the personal tax free allowance to £10,000 - that would help the lower paid and make it a nice round figure for administration! My rent counts for half of my income now and that is excluding council tax, water rates, utilities blah blah.

Fed up, skint, and now even more skint. Thanks GB with your expensively whitened teeth. They don't make you any more attractive by the way.....................:mad: