Eck
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Registered: 17th Apr 06
Location: Lundin Links, Fife
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FFS Paul!
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Steve
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Registered: 30th Mar 02
Location: Worcestershire Drives: Defender
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You scots can stop moaning because you have a Lib Dem member of staff as your Scottish Secretary
[Edited on 12-05-2010 by Steve]
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Ojc
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Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
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The 18 per cent rate of tax on gains on non-business assets will be increased to close to the 40 per cent higher rate of income tax, meeting a central plank of Lib Dem policy, according to Tory insiders. There will be “generous exemptions” for profits related to business, in a bid to offset concerns about the potential chilling effect of the tax increase on entrepreneurs.
The revenue from the tax rise will be used to help fund a significant increase in the income tax threshold to help lower-paid people, taking effect in April. The new government, with George Osborne as chancellor, will also agree to subsequent real terms increases in this threshold, as part of a longer term goal of meeting the £17bn Lib Dem policy of raising the income tax exemption to £10,000.
from the Financial Times
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luciaadr
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Registered: 11th Aug 04
Location: Bexleyheath, Greater London
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quote:
Originally posted by Ojc
The 18 per cent rate of tax on gains on non-business assets will be increased to close to the 40 per cent higher rate of income tax, meeting a central plank of Lib Dem policy, according to Tory insiders. There will be “generous exemptions” for profits related to business, in a bid to offset concerns about the potential chilling effect of the tax increase on entrepreneurs.
The revenue from the tax rise will be used to help fund a significant increase in the income tax threshold to help lower-paid people, taking effect in April. The new government, with George Osborne as chancellor, will also agree to subsequent real terms increases in this threshold, as part of a longer term goal of meeting the £17bn Lib Dem policy of raising the income tax exemption to £10,000.
from the Financial Times
This will affect almost no-body on here
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Steve
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Registered: 30th Mar 02
Location: Worcestershire Drives: Defender
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Still got labour being bitter
"The reality is that Nick Clegg has taken the decision to take the Liberal Democrats to the right. They've got into bed with the Conservatives and I think they will regret it," says former Labour spin doctor Alastair Campbell. He also says it was "extraordinary" how many Lib Dems members were phoning Labour HQ last night asking to join the party.
Why cant they just fuck off gracefully?
Others can, hence...
"Five years ago, I exulted at the defeat of the Conservatives and actively relished the idea of them tearing themselves to bits," writes Giles Wilkes, chief economist of Centre Forum and Lib Dem member.on the Freethinking Economist blog. "Now I find myself looking at Cameron and feeling admiration for what he has achieved. Of course, all this detoxification will mean nothing if the policies are wilfully nasty. And much of their new liberalism may be a result of pressure from their newfound electoral partners. But I find it very hard to dislike the man, and see plenty to admire in his recent conduct."
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Fro
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Registered: 20th Jun 06
Location: Rainham, Essex Drives: A3 2.0TDi Sport
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quote:
Originally posted by ChrisBoom
Ahh, good old conservatives, rich will get richer, poor will get poorer 
People under £10,000 will not be taxed like they are now, somehow that is not the poor getting poorer. No tax = more money.
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mwg
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Registered: 19th Feb 04
Location: South Lakes
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So are they doing that no tax on your 1st 10k thing then or not?
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Daimo B
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Registered: 20th Mar 00
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quote:
Originally posted by ChrisBoom
Ahh, good old conservatives, rich will get richer, poor will get poorer
The rich who make the money in the country, spend a fortune on tax, usually spend lots of money helping local businesses, or the rich as in normal people who go out every single day to work, and end up being worse off than if they were to sit at home all day eating cheesy puffs. The workers of this country keep this country going, we buy luxery items, cars, toys, clothes etc. We keep this country running.
Or
The poor who generally don't do f-all, sit and watch This Morning and chat shows, get a free lump sum every week, generally morelikley to steal for hardcore drugs etc, and actually drain the country of money, resources, policing, money etc.
Indeed, lets support the poor. Watch the UK turn into Nigeria......  Genuine people with real issues, no problem with. People who are on benefits, weighing 20 stone, eating all day, then complaining they havent got enoguh money to eat, in their free 4 bedroom house, can suck my hairy ballsack.
[Edited on 12-05-2010 by VXR]
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Fro
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Registered: 20th Jun 06
Location: Rainham, Essex Drives: A3 2.0TDi Sport
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quote:
Originally posted by mwg
So are they doing that no tax on your 1st 10k thing then or not?
Think it will be those that eanr 10k or less.
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Ojc
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Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
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How will it not effect people on here? Raise the income tax threshold to 10k from £6,475?
Means we pay less tax? Or am I being stupid?
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Ojc
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Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
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quote:
Originally posted by fro-dizzle
quote:
Originally posted by mwg
So are they doing that no tax on your 1st 10k thing then or not?
Think it will be those that eanr 10k or less.
What? You sure? Nobody earns less than 10k other than Steve.
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pow
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Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
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All I worry is that they will find a way to have more than the 20% of the 3.5k back somehow... Smashing VAT up to something stupid would be the best way, EVERYTHING except food would go up.
[Edited on 12-05-2010 by pow]
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Nath
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Registered: 3rd Apr 02
Location: MK
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Who earns less than £10k? 
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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Andrew 
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Ojc
Member
Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
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If you earn less than 10k you would be better off on benefits? Or is that the incentive?
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Conway563
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Registered: 7th Jun 06
Location: Yate, Bristol
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Put your salary in here and the lib dem column should give you an idea of what you'll earn with the £10k threshold
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mwg
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Registered: 19th Feb 04
Location: South Lakes
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So they aren't going to raise the tax threshold. Just have a special exemption for people earning less than 10k. Bastards.
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Fro
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Registered: 20th Jun 06
Location: Rainham, Essex Drives: A3 2.0TDi Sport
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http://philling.wordpress.com/2010/04/13/a-fair-tax-system-income-tax-threshold-increased-to-10k/
Explains a bit about it and the NI increase labour wanted that will be blocked. Although the Mansion tax is apparently going to be a non starter.
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Nath
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Registered: 3rd Apr 02
Location: MK
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quote:
Originally posted by Conway563
Put your salary in here and the lib dem column should give you an idea of what you'll earn with the £10k threshold
Shouldve voted UKIP in 
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Fro
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Registered: 20th Jun 06
Location: Rainham, Essex Drives: A3 2.0TDi Sport
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quote:
Originally posted by Conway563
Put your salary in here and the lib dem column should give you an idea of what you'll earn with the £10k threshold
Good site 
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Ojc
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Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
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Can we get this straight?
Are they taxing those earning 10k and below a lot less?
Or is the income tax threshold being increased to 10k?
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
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An extra 700 big ones
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Daimo B
Member
Registered: 20th Mar 00
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Family tax..
Wooooooo i get marreid next year. 
Pow earns loads.. I only get £200, still, thats a trackday and new gloves
[Edited on 12-05-2010 by VXR]
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Conway563
Member
Registered: 7th Jun 06
Location: Yate, Bristol
User status: Offline
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quote:
Originally posted by Ojc
Can we get this straight?
Are they taxing those earning 10k and below a lot less?
Or is the income tax threshold being increased to 10k?
Increased to 10k
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Fro
Member
Registered: 20th Jun 06
Location: Rainham, Essex Drives: A3 2.0TDi Sport
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quote:
Originally posted by Ojc
Can we get this straight?
Are they taxing those earning 10k and below a lot less?
Or is the income tax threshold being increased to 10k?
Threshold will be increased. People earning less will be taken out of taxation.
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