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 Post subject: Tax cuts
PostPosted: Mon Nov 10, 2008 19:40 
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So now the public purse is empty, all the main parties have agreed it's time to cut taxes.

:?

As a childless 30-something cohabitee, earning ~£20k, I'm unlikely to benefit from anything Brown brings in....

Where do fellow Safespeeders think these tax cuts should be targetted?

My preference would be personal allowances. I'm never quite clear why people earning little enough to be entitled to benefits should be earning enough to pay tax. Hence I think personal allowance should be equal to the minimum full time wage.


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 Post subject: Re: Tax cuts
PostPosted: Mon Nov 10, 2008 20:00 
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I would agree that raising the personal allowance would be the fairest way of giving a tax cut.

There has been a lot of talk of a temporary cut in VAT, though.

Or if they wanted to cheer people up, they could cut alcohol duties ;) :drink2:

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 Post subject: Re: Tax cuts
PostPosted: Mon Nov 10, 2008 20:02 
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I pesonally don't need a tax cut unless my job fails. The people hurting right now are the lower paid who have 2 or three low paid jobs and are having thier part time hours cut or overtime cut.

I would agree that raising the bottom threshold before tax is paid is the place to start. However , giving tax cuts as the social security bill is raising is a scarey thought.

To kick start the economy, The government should offer up to 90% LTV mortgages capped at around 6.5 interest for 10 years on upto 4x wages. That would restart the building industry.

Rather than tax cuts we could spend on new roads :clap:

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 Post subject: Re: Tax cuts
PostPosted: Mon Nov 10, 2008 20:15 
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Johnnytheboy wrote:
So now the public purse is empty, all the main parties have agreed it's time to cut taxes.

:?

As a childless 30-something cohabitee, earning ~£20k, I'm unlikely to benefit from anything Brown brings in....

Where do fellow Safespeeders think these tax cuts should be targetted?

My preference would be personal allowances. I'm never quite clear why people earning little enough to be entitled to benefits should be earning enough to pay tax. Hence I think personal allowance should be equal to the minimum full time wage.



I agree, I have thought about this on previous occasions.

The minimum personal alowance should be equal to a full time job on the minimum wage (IYSWIM)

Now, this can be met by raising the allowances (or even cutting the minimum wage a bit)

Having the minimum wage liable to tax is simply a stealthy way of getting employers to pay more into the treasury via there employees paypackets! (and it would not surprise me in the least if this was actually the main reason for introducing the minimum wage in the first place and th prmary factor in what the min wage is set at)

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 Post subject: Re: Tax cuts
PostPosted: Mon Nov 10, 2008 22:16 
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Of the top of my head ...

Get rid of tax credits and all the other credits and change the allowances so that they are included. Puts several hundred civil servant employees out of work but everyone would get theirs and would save money because the benefits paid out to them would be less than their salary and pensions.

Put VED onto fuel and repeat for the DVLA as above.

Spend the savings on public works that will improve life such as transport links.

Scrap the many quangos that we have that are accountable to no one but themselves so have to come up with more and more ridiculous reports to validate their ever expanding empires.

Withdraw from the EU except to trade, recouping billions in redistributed taxes, to assist in building new powerstations and subsidise a fixed term on re-opening some of the coal mines so we have a more secure energy source.

Stop investing in corrupt regimes because we might at some point in the future get hold of some resources in the country and then shaft the indigenous people just as badly as the corrupt regime we're cosying up to.

Recoup all the bonuses of top banking management for the last 2 years, or however long the worst of the high-multiple mortgages went on. Prosecute them for negligence.

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 Post subject: Re: Tax cuts
PostPosted: Tue Nov 11, 2008 04:37 
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Johnnytheboy wrote:
So now the public purse is empty, all the main parties have agreed it's time to cut taxes.

:?


Is the public purse as empty as what they want us all to believe? I find it difficult to understand that these governments want to cut taxes when the public purse is empty. It’s funny how they can find the odd £35 billion or so when it’s needed to pull greedy banks out of the preverbal. I also sometimes wonder who is running the country the banks and big organisations or the government.

I don’t agree with tax credits and they should be scraped (as said above). People should not need to go cap in hand to the government because they are not earning enough money to live on. Pensions are a prime example of tax credits, the miserly amount of pension people are expected to live on and then go cap in hand to the government for a top up. They’ve deliberately held pensions down for this reason. How many pensioners don’t claim pension credit because it’s made to difficult for them?

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 Post subject: Re: Tax cuts
PostPosted: Tue Nov 11, 2008 08:53 
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A temporary cut in VAT would probably be a nightmare for small businesses to implement if they did this by altering the 17.5% rate.

I favour the increased personal allowance route as this is easy to administer and everyone gets the benefit.

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 Post subject: Re: Tax cuts
PostPosted: Tue Nov 11, 2008 10:15 
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All benefits are difficult to get.
If you are a new claimant.
The gov has whole departments at JC+ dedicated to stalling claims.
Then there is the "government gateway", which is a national embarrassment. Unless it exists to fail claimants at the first step, at which it is a success.
People who have been claiming for years have little problem, they're "under the radar"
Those on "disability" for years are safe, those new claimants are subject to tests that qualify as "cruel and unusual treatment" under geneva conventions.
Would you believe, in GB2008, that a test for disability would have a multiple amputee climb stairs (legs off below knees) ?
A person with depression qualifies by rote, a person with damaged lungs has to climb stairs....
Wonderful country.
Meanwhile, those "in power" (not the gov, just the hoi-polloi) when they are found to be rubbish get promoted to the EU, a land of plenty (except work)
No.
The problem with this country is the population.
Stupid.
Easily fooled.
Secure in their ignorance of what the gov (not the elected gov, the one that is not elected and rules by privilege) actually intends us to [be forced] to do.
Us, in fact.

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 Post subject: Re: Tax cuts
PostPosted: Tue Nov 11, 2008 10:36 
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Quote:
I favour the increased personal allowance route as this is easy to administer and everyone gets the benefit.


I wouldn't! One of the benifits of being in the merchant navy means you can claim back all the income tax at the end of the year :)

You can please some people some of the time....


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 Post subject: Re: Tax cuts
PostPosted: Tue Nov 11, 2008 10:42 
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jomukuk wrote:
All benefits are difficult to get.

Would you believe, in GB2008, that a test for disability would have a multiple amputee climb stairs (legs off below knees) ?
A person with depression qualifies by rote, a person with damaged lungs has to climb stairs....


Surely all the amputees and wheezers have to do is to say they are depressed because of their condition? :twisted: Problem solved.


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 Post subject: Re: Tax cuts
PostPosted: Tue Nov 11, 2008 10:49 
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Call me biased, but I don't think that our service personnel serving overseas should have to pay income/council tax.

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 Post subject: Re: Tax cuts
PostPosted: Tue Nov 11, 2008 19:38 
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Johnnytheboy wrote:
As a childless 30-something cohabitee, earning ~£20k, I'm unlikely to benefit from anything Brown brings in....


Well mate, at least you are a cohabitee, my circumstances are pretty much the same, no kids, no house, no debt, car and job and usually get bugger all off any politition. At leats you have someone to wash up and make you tea :bunker: (dives for cover)!


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 Post subject: Re: Tax cuts
PostPosted: Tue Nov 11, 2008 19:52 
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They could start with getting rid of all the double taxation.

Tax on what you earn, tax on what you spend.
Tax on second hand car parts.
Two taxes on road fuels.

And also get rid of tax on food/drink, all food, it doesn't matter if someone is of the opinion that certain food isn't "essential". And on heating oil.

Then there's all the ways they waste our money...

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 Post subject: Re: Tax cuts
PostPosted: Thu Nov 13, 2008 09:22 
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And they even tax you after you have died :!:

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 Post subject: Re: Tax cuts
PostPosted: Thu Nov 13, 2008 16:50 
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There appears to be tax on orange juice!

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 Post subject: Re: Tax cuts
PostPosted: Sat Nov 15, 2008 10:30 
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Ziltro wrote:
They could start with getting rid of all the double taxation.

Tax on what you earn, tax on what you spend.
Tax on second hand car parts.
Two taxes on road fuels.

And also get rid of tax on food/drink, all food, it doesn't matter if someone is of the opinion that certain food isn't "essential". And on heating oil.

Then there's all the ways they waste our money...



Double? triple, quadruple etc in many cases.

I'd be all in favour of paying just as much tax, but rationalised to improve efficiency.

So many indirect or "stealth" taxes cost us lots, but the government doesn't see that much, because the top-heavy agencies are squandering it as fast as they collect it, or the private firms are skimming off profit. If you're gonna demand our money, at least be responsible in how you collect it. The con charge is a good example, with less than 30% going to government. You wonder if it's a stealth tax cos the government wants our money, or they just want to keep the common man poorer.

Look at my van, one aspect of my life/business... duty and vat on fuel, DVLA tax, parking permit tax (punative because they don't make 3 ton panel vans with 1.0l engines or washing machine motors), parking fine tax, con charge tax, other road tolls tax, parking fee tax, I'm sure there's more. why don't thy just ask me to write one cheque and sack all the parasites who collect all the other taxes, and keep all the money to improve our country?

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 Post subject: Re: Tax cuts
PostPosted: Sat Nov 15, 2008 16:08 
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You are clearly not "getting it"
Most of the gov agencies are of little use.
Getting rid of them overnight would not be noticed. They could even be kept "open", with full staff and payment, but do nothing and still no difference would be noticed.
They are redundant in all but presence.
They occupy space, and employ people.
The space would otherwise be empty, the people unemployed.
Government is necessary to employ soldiers and pay for them, to defend the country.
Everything else could be done by regular companies.
Read:

GOVERNMENT WASTE

Save the pages, they will not be printed again.
Government cash will be injected to stop it. I'm surprised they have not nationalised the £free£ press...yet.

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56 years after it was decided it was needed, the Bedford Bypass is nearing completion. The last single carriageway length of it.We have the most photogenic mayor though, always being photographed doing nothing


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 Post subject: Re: Tax cuts
PostPosted: Wed Nov 19, 2008 04:39 
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It's always been "obscene" to me that ANYONE on MINIMUM wage is paying TAX when this is calculated MINIMUM that anyone can live on for Gods sake! But They ARE!........

Raise the tax threshold to £20,000 / Annum, then start with a Standard Rate. Start a Higher Rate at £60,000 and a High Rate at £250,000......with no upper limit.

If you like, you can offer me a job at £50M a year and I will Happily pay the tax!.....:)


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 Post subject: Re: Tax cuts
PostPosted: Wed Nov 19, 2008 10:12 
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Draco wrote:
It's always been "obscene" to me that ANYONE on MINIMUM wage is paying TAX when this is calculated MINIMUM that anyone can live on for Gods sake! But They ARE!........

Raise the tax threshold to £20,000 / Annum, then start with a Standard Rate. Start a Higher Rate at £60,000 and a High Rate at £250,000......with no upper limit.

If you like, you can offer me a job at £50M a year and I will Happily pay the tax!.....:)


As I said further up.

The minmum wage is a con. It is less about ensuring a "minimum decent wage" rather it is about ensuring that even the poorest paid workers still have to pay income tax!

(and that the people employing them have to pay enough for them to do so, increacing their operating costs at no benefit to their employees)

It is a tax scam dressed up as employees rights!

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 Post subject: Re: Tax cuts
PostPosted: Sun Nov 23, 2008 22:24 
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Well if they want to save some taxpayers money they can scrap the ID card white elephant to start with.


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