Super Tax @ 69%

[MissFM]

Re: Super Tax @ 69%

What if you are the single earner in a household with three disabled members and two trying to better themselves through study at Uni. That is an awful stretch to a modest income for a whole family.

Your £50k does not make you feel at all well-off in those circumstances.

The family next door could be earning £98k and still receive child benefit if it has two earners just below the £50k threshold.

Yes but two wrongs don't make a right:behindsofa:

[labman]

Re: Super Tax @ 69%

Oh Labman! is that as dubious as it sounds?

Yep! Mr ABCD (insert different surname x 4). Borrow money, have work done etc... under one name, refuse to pay as your surname is different.

[labman]

Re: Super Tax @ 69%

How can Mr abcord claim benefits in 4 names he must have 4 NI numbers?

Not necessarily just him, his wife involved who doesn't even live here etc... A family issue, plus other naughties as above

[labman]

Re: Super Tax @ 69%

That would probably be perfectly legal magrew - it's what all the MP's have been doing at our expense.

Legal - possibly

Ethical - no

Morally correct - definietely not

[MissFM]

Re: Super Tax @ 69%

Yes but two wrongs don't make a right:behindsofa:

Sorry wrong quote above - should've been:

Here is a very interesting fact. If we claimed that I was merely their landlord and not in a relationship then the household income would increase by £1,400/month.

If I rented the house around the corner for £600/month I could rent "our" house back to the family for £1500/month and they would also get the £1400/month additional income.

Damn my parents for raising me with honesty and ethics.

[MissFM]

Re: Super Tax @ 69%

Legal - possibly

Ethical - no

Morally correct - definietely not

Again - being a nosy parker - what exactly are you doing for them LB :decision:and why??????????

[Magrew]

Re: Super Tax @ 69%

Not meaning to pry Magrew but how come the 3 disabled people in your family do not now get DLA etc and there is no-one with carers allowance to look after them - (or as CA is taxed I guess it would be you and that cancels it out - it's a pittance anyway but...)?

Am also BTW in the "squeezed middle" so do know what it's like and it's pretty dire. Just curious really cos 50K does sound pretty good to me (and BTW an odd thing for people to get up in arms about as an HB ceiling).

Two of them do get DLA, but at very different levels. Don't get me wrong it is on the plus side butit is not the same as a wage.

We can't get any carers because th etwo that could are in study for more than 21 hrs per week and I eran more than £105/week. Therefore no-one can claim.

[labman]

Re: Super Tax @ 69%

Again - being a nosy parker - what exactly are you doing for them LB :decision:and why??????????

Sorry - senior moment! You've lost me there. Are you asking about the Indian woman I'm helping trying to recover a debt from the family with too many surnames?

[Magrew]

Re: Super Tax @ 69%

That would probably be perfectly legal magrew - it's what all the MP's have been doing at our expense.

There is a country mile between legal and ethical however.

There are very many things that i have seen that are legal that could never be seen as ethical or honest (Starbucks/Barclays/Lloyds et al)

[labman]

Re: Super Tax @ 69%

There is a country mile between legal and ethical however.

There are very many things that i have seen that are legal that could never be seen as ethical or honest (Starbucks/Barclays/Lloyds et al)

Absolutely

[MissFM]

Re: Super Tax @ 69%

Sorry - senior moment! You've lost me there. Are you asking about the Indian woman I'm helping trying to recover a debt from the family with too many surnames?

senior moment here too labman - thought they were one and the same:loco:

[MissFM]

Re: Super Tax @ 69%

There is a country mile between legal and ethical however.

There are very many things that i have seen that are legal that could never be seen as ethical or honest (Starbucks/Barclays/Lloyds et al)

Absolutely - that was a JO-OKE:eyebrows:

[Magrew]

Re: Super Tax @ 69%

Just curious really cos 50K does sound pretty good to me (and BTW an odd thing for people to get up in arms about as an HB ceiling).

This is the problem I have, wherever I go the topline figure is seen and heard and all sympathy flies out the window but the fact of the matter is that with no vices (wine/women/fags) my disposable income this month is genuinely £27. OK it is on the plus side so I shouldn't complain too much, I haven't decided what I will blow it on yet though

My original point is though, the change in CB means that for a family with two children in the tax bracket between £50 and £60k are effectively being taxed at the rate of 69% over that bracket. If there is only one earner in the household then these are very modest earnings.

A household earning £98k with two equal earners can get a a £500 per annum increase each and get taxed at 40% and still receive CB

A fat cat at £150k will get the rise taxed at 45%. The PM decided that 50% tax for him was too much.

Don't compare me to you, just look at these comparisons and tell me what is fair about it.

[labman]

Re: Super Tax @ 69%

It works with low income families as well, as you'll know. What in economics is known as 'the poverty trap.' Here, if people have a slight increase in income, they lose all right to a raft of benefits and end off worse off for doing better at work.

Whichever way you look at it, unless you have a significantly high income, and £40-50K is not that high nowadays - I earned significantly more than that over 10 years ago when I was retired on ill health grounds, you get stuffed by the government.

The sad thing is, I don't think it makes much difference which colour is in power.

Having said that, if put in the place of the Prime Minister today, inheriting the deficit we have, what do you do?

Radical, but I would look after this country before giving billions to other countries. Only get involved in battles that should be fought. Get rid of fat cats who sit on their ar$es doing very little and pulling in massive salaries. Stop bonus payments to the upper echelons of banks who have been bailed out. If Chairs etc... leave under a cloud, don't give them a huge golden handshake for destrying our country.

The list is almost endless. I think most people would agree with most of the above and other similar things. Sadly, it hasn't a hope in hell of ever happening.

[MissFM]

Re: Super Tax @ 69%

Yes I know Magrew - and I suppose it's a kind of kick back from the fury one feels at the out-and-out THEFT going on at the top of the tree whereas some poor little sod growing up in abject povery who finds out he can earn £200 in an evening selling a few drugs is castigated for not working his ar$e off for minimum wage at a job he can't get anyway and MP's saying they are on the breadline for their £60k+ so "are forced" to fiddle expenses and on and on and all this CR4P about keeping the talent in this country by paying Bankers ridiculous bonuses for failing (how many people out there wouldn't do a better job for a fraction of the money and and and....(please turn to page 96)

Not getting at you Magrew - just teasing and can see it's not a cakewalk, especially if you're honest ( and that's where the middle classes ARE hammered from all sides)

:okay:RESPECT!