Sunak Pulls Of The Biggest Tax Raid In 44 Years.

[gulliver1]

One in five taxpayers will be paying a higher rate of income tax according to the latest Con by the Cons.Sunaks stealth raid will force millions of people to hand over more of their earnings to the Govt.His idea will push up the number of tax payers into the 40% tax band as wages rise but the tax brackets do not.Tax allowance used to go up with inflation But Hunt and Starmer have frozen the the Tax Allowance.

[retrocop]

Can you prove what you write with a corroborating link or do you really expect us to believe what you write?

[bobbinwales]

Do you think it's a bad thing that more well off people earning over £50000 pa pay a bit more tax at a higher rate... am not expecting keir to cut taxes for these people are you gulliver....is that what you'd do

[THECORBYLOON]

https://www.ftadviser.com/pensions/2023/05/16/one-in-five-taxpayers-to-pay-higher-rate-tax-by-2027/

[bobbinwales]

A lot can happen between now and 2027. Those tax plans was done to stabilise thee markets which got jittery after kwartengs budget. An election or new gov may change things. . Though its hard to see keir cutting spending and taxes... my guess is tax rates wil go upto fund public spending in 2025

[gulliver1]

Households who are already stuggling to pay their bills will face a record fall in income, because of this stealth Raid by the Cons.But as usual the Cons put themselves first, Party second ,and stuff Joe Bloggs.

[gulliver1]

Don't know why Sunak and Hunt thought this one up When they know they will be sitting in the benches opposite in 2027 ...and out of power.

[bobbinwales]

Gulliver.... see my answer at

[bobbinwales]

^21:37

[New Judge]

The government unnecessarily paid large numbers of people to stay at home for eighteen months. The bill has just landed on the doormat.

[fender62]

New Judge, The government unnecessarily paid large numbers of people to stay at home for eighteen months. and a lot of them are still at home, all those empty or half office blocks, makes a mockery of those who actually go to there job.

[New Judge]

//...and a lot of them are still at home, all those empty or half office blocks, makes a mockery of those who actually go to there job.//

Quite agree, fender. The WFH fiasco has slaughtered large parts of the economy and has seen the deterioration of customer services (both in the public and the private sector). This is all part of the fallout from the government's hysterical reaction to the pandemic, some of which may never be recovered.

[gulliver1]

NJ @ 22.57 For BA .I have to agree with you on that one NJ. Also Fender @ 22.45

[Peter Pedant]

it is called Fiscal Drag, retro
https://commonslibrary.parliament.uk/research-briefings/cbp-9687/

as you know from your time in the police - people who say they are innocent, MAY be innocent

gully - Hi gullz! - may say something which is right - and may do so often

[Peter Pedant]

The government unnecessarily paid large numbers of people to stay at home for eighteen months. The bill has just landed on the doormat.

has nothing to do with Inflation - more likely too be war in Ukraine, but hell so what, this is AB on a tuesday night....

we are are entitled to our opinions, and SOME of us, their opinions last longer here than 3 mins ( not you Gulz)

[barry1010]

An employee earned just under the 40% tax bracket of £50270 and paid 20% tax on £376990, £7540.

He got a 10% pay increase pushing him in to the 40% bracket, earning an extra
£5027 per year. Paid £2010 tax, giving him an extra £3017 less 2% NI.
How is that a 'record fall in income'?

[youngmafbog]

Actually I agree with Gulliver on this one.

WEF stooges Sunak and Chunt are not Tories.

And cutting the tax rate just before an election wont work Sunak.

[barry1010]

young, can you explain how not raising the tax allowance has led to a 'record fall in income' as gully claims?
As you see from my previous post, their income has still gone up.

[bobbinwales]

The claim is it'll be a record fall in income in real terms by 2027 your example still shows someone is worse off Barry in real terms as prices have gone up by maybe 13%
And if that carieson to 2027 it'll be a record fall.

[youngmafbog]

I'm talking about the bringing more into the 40% 'rich' tax band.

As you say it's not a drop in income. I think this idea it is a drop is because some dont realize that the 40% is only only the bit in that band not the whole salary.

And of course the loss of the personal allowance over £100K plus reducing the 45p to 125K is also a stealth taxt.

A Tory Party should be reducing tax, reducing big Government and spending and of course kicking the economically disastrous 'NetZero' into touch. But they are doing the opposite. They are not Tories.

[Untitled]

I'm afraid they are tories youngmafbog

there is a world of difference between a person with conservative principles and a tory... and there always has been