15 billion more what a joke

setmefree

Gordon Brown not satisfied with wasting tax payers, has just announced that £15 billion more of tax payers money will be used to bail out the financial institutions..wey to go Gordon thats £55 Billion so far, and that's only what we know about about.
now if this money has been available all along then why have so many people had to live in a poverty factor:mad:

Meltdown_2

setmefree wrote: »

Gordon Brown not satisfied with wasting tax payers

Surely that's a bit extreme, and rather counter-productive I'd say...

Meltdown_2

setmefree wrote: »

if this money has been available all along then why have so many people had to live in a poverty factor:mad:

And why have your tax changes made the working poor even poorer ....

setmefree

Meltdown wrote: »

And why have your tax changes made the working poor even poorer ....

That's my point, not satisfied at giving away our tax money, he scraps the 10p tax system, which inturn means the low class such as i will one of those paying extra tax to put the money back.

dunstonh

This money is not being given away. It has to be paid back with interest.

The outcry of the removal of the 10p tax band is farcical. Some are better off, some are worse off but the lower paid are not worse off by the amounts being quoted in the media because of the increase in personal allowances (especially for over 65s) and tax credits etc.

oldagetraveller

dunstonh wrote: »

This money is not being given away. It has to be paid back with interest.

The outcry of the removal of the 10p tax band is farcical. Some are better off, some are worse off but the lower paid are not worse off by the amounts being quoted in the media because of the increase in personal allowances (especially for over 65s) and tax credits etc.

So what about those under 65 and not receiving tax credits and on a fixed low income - I'm not laughing it's not farcical!!

But I nearly wet myself laughing reading your first statement.

johnmoney05

Any one did the calculation yet? if for example, 13K gross income, without any credit/benefit, will lost how much in the new tax system? I am a bit lazy...hehe

johnmoney05

dunstonh wrote: »

This money is not being given away. It has to be paid back with interest.

The outcry of the removal of the 10p tax band is farcical. Some are better off, some are worse off but the lower paid are not worse off by the amounts being quoted in the media because of the increase in personal allowances (especially for over 65s) and tax credits etc.

Sorry, can you please explain? How the money "to be paid back with interest"?

I am under 65s, still a long way to be. So am I better off? One thing is certain, I never receive any tax credits.

nobblyned

johnmoney05 wrote: »

Any one did the calculation yet? if for example, 13K gross income, without any credit/benefit, will lost how much in the new tax system? I am a bit lazy...hehe

According to www.listentotaxman.com, your scenario shows a loss of 80p per week with the abolishment of the band.

Not quite the huge rip off some have made it out to be.

nobblyned

johnmoney05 wrote: »

Sorry, can you please explain? How the money "to be paid back with interest"?

The banks have borrowed 15bln from the government and will pay it back with interest. They haven't been given it for nowt from some slush fund somewhere which the OP seems to think.

setmefree

nobblyned wrote: »

The banks have borrowed 15bln from the government and will pay it back with interest. They haven't been given it for nowt from some slush fund somewhere which the OP seems to think.

No they aint been given it from a slush fund,they av got it from the tax payer, and isn't this the second £15 billion loan ??? and that's not including the £25 billion for N.R...

As for your 80p remark regarding the 10p tax...haven't you ever thought of how many people under 65 in this country are working in low paid jobs, these are the same people who struggle to get by day to day...yet this Government thinks nothing of handing over billions of their tax money to those who wouldn't know poverty if it jumped up and bit them on the butt.

And i think you will find that this is the opinion of most of the low paid,used, working class.