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

randommichael

Im an apprentice which is a government run scheme, we are paid below the threshold so we are in the 10% bracket. Now we are being punished for learning a skill that the government want to encourage. I'm seriously thinking of quitting because they a just money grabbing off the people who need the money, they say they want to encourage people to work longer or better them selves so they are earning more, i already am bettering my self and cant work any more hours and being punished for it.

conny86

I think the 10% should remain, as should the drop from 22%-20%, but introduce a new tax band at earnings over the £100'000 mark at 42% for example. This introduces a more fair tax contribution!

sdooley

Quote:
Originally Posted by kitty1801
The reason the compensation is expected to be for those under 25 and pensioners between 60 - 64 is because all others will be covered under the enhanced tax credits available ( you don't have to have children to claim tax credits but you do need to be over 25 and working)

saver67 wrote: »

TO CLAIM AND GET ANYTHING FROM WORKING TAX CREDIT THOUGH YOU HAVE TO BE ON AN EXTREMLY LOW INCOME IM ON 13K AND CANT CLAIM ANYTHING I DONT CLASS THIS AS A HIGH WAGE

You may find that you can now get something as the thresholds for working tax credit have changed.

The people who will lose out through this change (and are unlikely to be compensated under whatever proposal comes out) are spouses/partners who earn significantly less than their other half as tax credits are paid on a household basis. Sure the household may do better (but may well not, especially in childless couples) but the principle of individual taxation is being further eroded.

sdooley

tamara111 wrote: »

really they should just keep it simple!!
Raise everyones personnal allowances to 12-15k 20% on all the rest and scrap all these silly systems working families credits etc these probally cost more to administer than they pay out anyway, no idea how much this would cost the economy fancy some maths? ps I would pay the idle to sit around at home either although the disabled and elderly should always be given a fair and decent living income

Back of the envelope calculation suggests that this would only require the abolition of free education, the NHS and the armed forces.

Chillitotes

Why can't the government increase income tax and get rid of or reduce all the sneaky taxes such as fuel duty, VAT & Road Tax? It's a question not an opinion just wondered. Is it not better to be taxed on what you earn and have less to fork out on what you spend????? Does anyone know?

avaline_2

smala01 wrote: »

I sick to death about hearing of the injustice of the “low paid”. It’s about time that the “average” person is rewarded.

I choose not to have children (because I can’t afford to support them) so I’m not entitled to tax credits. I made personal sacrifices to get an education, learn a new skill and get a better paid job. If you are on low pay then DO the same.

Because I have been responsible I pay much more than my fair share of taxes. I’m sick of subsidising the “low paid”.

P.S. I DO have a lot of sympathy for carers in this situation.

Well yah boo to you. My hubby also made sacrifices to get an education & learn a new skill - he paid for it himself. However unlike you he took a £18k pay CUT to work with special needs children. He now earns £11k a year helping kids with serious problems just to have some basic dignity & life skills. Do you really think he's less "responsible" than you just because he now earns less? And that "less" is even even less again now thanks to removing the 10% band.

I dont know what this "better paid job" is that you do, but at least my husband will have made a difference in his lifetime. I hope you get the same satisfaction from feeling superior.

Incidentally, most of these kids come from low income families & often have desparate home lives to contend with too. You sick of subsidising them as well? Well at least you got to see the tables turned, because with the 10% band gone theses families - and my husband - are all subsidising you now. Enjoy.

ShelfStacker_3

Oh, as if it were so easy to get a high paid job. I like how someone is supposed to pay for and partake in further education, training etc and carry on job hunting, all while only earning £11k and working their previous job. If you haven't got sufficient savings for that then you're screwed.

I didn't realise, anyway, that it was now public policy and an acceptable worldview to screw the poor because they shouldn't be poor, and if we do they won't be poor any more... Hell, even Thatcher didn't go that far.

cheepnis

A question for GB...Just how is this fiasco meant to "simplify" the tax system?
Which I believe was the great ones original intention.
Now that so many pages of HMIR guides will be saved, trees can no doubt breathe a sigh of relief.

Other great control-freak myths...
Weapons of Mass Destruction
Global Warming
Second-hand smoke kills
Congestion charges improve transportation
Taxing booze cures binge-drinking
Labour cares for the elderly, the sick and the needy

Can't wait to spoil my vote again next week
"Don't vote for politicians - you'll only encourage them"
Billy Connolly (I think)

ceridwen

POSTSCRIPT: Have now duly had my wages for the month and -yep (though I earn more than the £15,075pa MSE Martin mentioned - not a lot more mind!) I duly have that little bit less in my hand (though I've also had my personal tax allowance increase for 2008 in the same paypacket or I would be seeing an even bigger shortfall).

So - I think I'll just head down the shops and start spending shall I? Study the latest price increases in foods more like.

I am waiting to see what "compensation" I get for the abolition of the 10p taxband - as I can't be given extra fuel allowance for being a pensioner (as I am working age) and I'm not eligible for Working Tax Credit and don't have any children. So - pray tell - what form is my "compensation" going to come in?

teddyco

Again, lower the taxes for everyone across the board and cut public spending to compensate.