Income Tax: Do you agree with the Govt’s changes? Poll results/discussion

woodview

I am all for dropping to 2 bands of tax, however GB should have increased the tax free allowance when he dropped the 10% band to keep the tax revenue the same.
Why has the media only picked this up now? It was announced last year!

aubergine

I find it quite shocking that the labour party should be making lower paid worse off to the benefit of the better off. It is wrong wrong wrong.

A couple of hundred pounds is a hell of a lot for someone on a low income and could be the difference between keeping your head above water or falling into debt.

I'm all for simplification, but not at the expense of the worse off.

I would like to see the higher tax bracket threshhold raised significantly as the 'average wage' is creeping ever closer to it, and the percentage paid by really high earners increased to say 50%.

podiluska

garyrjb wrote: »

Petrol costs are extortionate £3500 a year just to get to work!!

£3500 in petrol. So about £300 per month. That's 60 gallons - so if you had a reasonably economical car, say 40mpg, you're could be driving 2400 miles a month - or 120 miles a day - 60 miles each way. Have you considered moving or changing your car?

deptfreemoneytart

I disapprove because I'm one of the unlucky people paying more tax, but what I really hate is the fact that when Gordon Brown announced this some 12/18 months ago nobody did anything about it then. This present hype has all been brought up by the media and the opposition party to try and undermine the Labour party because they the media tell us we all want a change of government or someone different to attack, instead of whoever's in power being allowed to get on and run Our Great Britain in the interest of all of it's people.

JAF

Our eldest son has done exactly what the Labour party told him he should do and been kicked in the teeth for doing it.

He stayed on at school and took A levels, went to university and graduated with a biology honours degree. He is now working in his degree field and paid less than £15,000 pa so he is far from impressed. He has decided he would have been better off if he had left school at 16 had a couple of kids with different females then he would have been given everything on a plate and he could have sat back and put his feet up for life. Instead he works 40+ hours a week and is now, thanks to Mr Brownand his budget in 2007, even worse off. We paid for him to go through univeristy otherwise his student loans would be accruing 'interest' as his salary does not reach the threshold to start paying back a student loan. His new plan is to emigrate as he said there is no point staying here. His brother is studying chemistry and after finishing his degree has said 'not much point looking for work here is there!'

I was very surprised when this was not picked up in Mr Brown's last budget budget but all the labour MPs were too busy behaving like silly school children in the playground over the announcement of the 2p cut in the basic rate to pay much attention to what was actually being said.

I am not impressed with the carrots dangling on sticks to try and remedy this it would appear all young single people are going to be ignored. I just hope when the next election comes round they remember this!

cricketer

Final proof, in black and white.
My wife aged 62 has a small private pension of £477.60 per month along with a reduced State pension.
Net pension last month £435.45. Net this month £420 80
THANKS GORDON!!!!!

bern_2

i wrote to the prime minister after the budget last year complaining about the geting rid of the 10p tax band,i was passed on to the treasury for a reply.the reply i got back was effectively saying tough,that is just your hard luck and there is nothing we can do about it.

they said well some people will gain from it,but that is a fat load of use to me as one of the losers of this.i have to live on a small pension and incapacity benfit that amount to less then £8400 a year,i am disabled and chronically ill,and despite wishing i could work cannot.i have lost all of this years pension increase because of the tax increase,and have on top of that all the other increases in gas,electric and food to name but a few.

every penny counts when you are getting this little,and to be told that someone earning over 30,000 is over £200 better of is to say but the least upsetting.why am i and million of others having money taken of us just to give to someone who earns more in a year then i do in four.

labour are rightly worried about their staying in power,i wouldn't vote for them again for anything.to take money away from the poorest in britain and give it to those that already have far more money is terrible.

i know we all have to suffer the increase in things going up,so it doesn't matter if you are earning little or a lot,people are struggling to just keep thier heads above water.but it is hard living on what me and my wife do,who is my carer.

mcgazz

What I don't understand is why almost no one who proposes changing the tax system suggests funding cuts in the income tax rates and/or increases in the personal allowance by increasing the tax on inheritances, "capital gains", share dividends and savings interest to the same level (if not higher) than the tax on wages.

Surely it's better to tax unearned, rather than earned, income?

JBEILBY

I am one of those who will be seriously affected. I took early retirement to look after my elderly mother. So am on reduced company pension which will now be taxed more and my mother is also now going to be affected with this change as she receives a small widow's pension from my late father's pension scheme as well as her state pension. Thanks robber Brown for stealing from the pension funds and now taking more money out of our pockets. Presumably this will fund their and the Euro lot's expenses!!! Enjoy your champagne lunches boys as come the revolution guess who will be first up against the wall!!

teddyco

The United States has learned the lesson about trying to 'tax benefit' the poor out of poverty, and consequently it led to changes in the system that help those on benefits get back to work.

Bill, shifty shoes, Clinton sold his 'Third Way' politics to Tony Blair who then spun it to the British tax payer. Third Way politics is really a pseudonym for Socialist or Marxist government.

It's a system of government where taxes go up, up, up and the government attempts to control recessions by pumping more of your money into the system when it is needed in an attempt to stave off downturns in the economy.

Are you happy with the government controlling your hard earned money?

If you say yes, then you need to sign up to the Communist Party, if you can find one that still works, and call yourself Comrade Bill or Comrade Tony.

In a true capitalist economy, the amount of money that is injected into the system is based upon spending from corporations, private individuals, or groups, and is based largely on individual entrepreneurship and hard work.

However, if we truly want to lower taxes and get back to capitalism and not socialism, we need to get rid of New Labour or whatever they call themselves and reduce government control, i.e. high taxation and allow more of the free-market to decide.

I would rather the taxes do down at least 10% across the board for every group, get rid of poverty credits, and reduce government spending and government control.

Give tax reductions for large corporations and give them incentives to open much needed factories up North where levels of unemployment are the highest and put folks back to work, rather than on the benefit system.