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12-05-2012, 07:05 AM | #21541 (permalink) |
Born to be mild
Join Date: Oct 2008
Location: 404 Not Found
Posts: 26,992
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Off to watch coverage of yet another budget, to see how much the govt wants to take off me this time! It's getting so that our tax system, PAYE (Pay As You Earn) is more like Pay ALL You Earn! Ho ho bloody ho! I hope those bankers and speculators have a really **** Christmas, though I don't for one second imagine they will...
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12-05-2012, 07:33 AM | #21542 (permalink) |
Melancholia Eternally
Join Date: Feb 2008
Location: England
Posts: 5,018
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It seems to me that the only people that have taken a real hit over the last few years, tax-wise, are the high earners. The near-50% tax will have more impact on those it applies to than any changes will for the rest of us. The Personal Allowance was static for two years but went up this year and I really don't think we're all that worse off.
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12-05-2012, 09:31 AM | #21543 (permalink) |
Born to be mild
Join Date: Oct 2008
Location: 404 Not Found
Posts: 26,992
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You're talking about England/Britain, right? Cos over here in Ireland we've been flattened. Reductions in child benefit, a property tax, evrything going up...
This is our sixth "austerity budget", and though I personally am very lucky in that I have no kids/don't drink/smoke/have a car/job/own my house, and so will be very minimally affected, I'd hate to be someone with a family and a mortgage in these already incredibly hard times! Quite savage all round really.
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Trollheart: Signature-free since April 2018 |
12-05-2012, 11:32 AM | #21544 (permalink) |
Born to be mild
Join Date: Oct 2008
Location: 404 Not Found
Posts: 26,992
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Crap, I was wrong! They cut the Carers' Respite Grant, which is paid once per year, from 1700 Euro to 1350 Euro. Bastards! I rely on that money in the middle of the year!
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12-05-2012, 02:47 PM | #21545 (permalink) | |
Blunt After Blunt After
Join Date: Sep 2012
Location: In a French-ass restaurant
Posts: 337
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12-05-2012, 03:41 PM | #21546 (permalink) | |
Melancholia Eternally
Join Date: Feb 2008
Location: England
Posts: 5,018
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Currently the higher rate of tax is 40% on earnings up to £150,000 and the additional rate of 50% tax on anything over that amount. This was only introduced over the last few years. I'm fairly certain there was no additional rate of 50% before, say, 09/10. Could be slightly earlier than that.
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12-05-2012, 03:49 PM | #21547 (permalink) | |
∞
Join Date: Sep 2007
Location: Ireland
Posts: 3,792
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12-05-2012, 04:28 PM | #21548 (permalink) |
Blunt After Blunt After
Join Date: Sep 2012
Location: In a French-ass restaurant
Posts: 337
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Thanks to the wisdom of the wonderful Mr Osbourne that 50% tax has gone down. The only taxation in this country to actually go down, funnily enough. You'd almost think those affected were in need of all the money they could find or something instead of being loaded beyond most people's wildest dreams.
In a shellnut, today I woke up to find that after dying down a bit yesterday my cold has returned with force. Feeling not quite ready for anything I dragged myself to school anyway, where I was tasked with playing a KKK member in History because why not. It was also the last parents' evening of my life tonight and I got great reviews from all my teachers, which is surprising considering my tendency to tactically avoid some of their lessons and conveniently misplace their homework. |
12-05-2012, 04:42 PM | #21549 (permalink) | |
Mate, Spawn & Die
Join Date: May 2007
Location: The Rapping Community
Posts: 24,593
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