Thetownend.com

http://www.dailymail.co.uk/news/article-1234428/Pre-Budget-Report-Alistair-Darling-unveils-plans-bank-bonus-supertax-pay-cap-public-sector-workers.html?ITO=1490&referrer=yahoo

Its getting to the stage ware i may just as well hand my wages to the government....working for nought.
Like a hamster on a wheel...going no ware fast.

It can only go on for so long.

The parasite will eventually eat the host - as in the state will exhaust the means to tax us while increasing spending and debt beyond the income available from a financially stripped population.

The banking crisis were the first tremors. The first EU country (Greece) to have it's credit rating reduced to 'poor' has just happened. Spain, Portugal will be next and then the rest will follow.

It is inevitable. You can't treat people like tax livestock, it is immoral and fundamentally wrong.

Tin foil hat anybody?

Leefer - why don't you get a one way ticket to Afghanistan, grow a beard, hijack a plane back to Britain without a passport, claim political asylum under another name ( on the basis that if you returned to Afghanistan you'd be killed as you're a lorry driver and they kill all lorry drivers ) and live the rest of your life tax free. Think of it as a rebate.

No man minds being taxed,its a very fair way off raising funds....just when you get taxed about three times before you get your wages....then on everything after you get your wages,well it gets abit.....taxing.
I have grown a beard actually....it hasnt been taxed..yet.

All you've got to do now is book your flight. You know it makes sense. Osama bin leefer has a certain ring to it.

Yes, because this is an actual genuine policy guys. The Economy is however, fucked, as Alan correctly points out. The National debt is something horrifying.

Apart from the one way ticket there, it actually is real life and so has precedent in UK ( EU ) law. So although not genuine policy, its been done before and it could be done again.   

http://politicalhumor.about.com/library/images/bltalibanbarbie.htm

Please..please buy me for chrimbo.

OMG


Leefer has turned into Scot Munro

Hell of a singer.

Text speak on a forum.Tut Tut wait until Ben has seen this.

I wish I'd banned the fucking lot of you when I had the chance.

Wish you had at times aswell you cunt

Is Ben a Mod? GR8  :)

Since when did the TEF have a Daily Mail arm?

Groundbreaking Sie.

What the Mail link fails to tell you is that you're only a few quid worse off a month if you earn between £30-40k.

But fucking shed loads if you earn £29.9k or under or £40.1k or above.

 :P

About £7.50 a month or less if you earn between £20-30k. You could make that back by not buying the Daily Mail

Meh, if you think this is bad wait until AFTER the general election.

We'll have borrowed £175 billions to keep the economy from going into depression and keep the bank afloat. It has to be paid for somehow. And by that I mean cutbacks and taxation.

Oh and and on a cheery note remember most things will be 2.5% more expensive come January

What about the January sales though?

They'll be 2.5% more expensive than in the December sales ;)

A VAT increase from 15% to 17.5% doesn't mean that the overall price of things goes up by 2.5%

when vat went to 15% no one really moved the prices, everything was still .99 which means the retails stores are just making another 2.5% margin

With my special rounding it does ;)

£400 worse off because of these cunts and 50% one off charge on the bankers bonuses is bollocks because they already pay 40% tax so a 10% increase is shit...

So how much change do we get for every pound we earn...

£1 earnt
40p tax
12p NI
17.5p VAT

plus shit loads of tax on all the good things...

Fuel 70p
Cigarettes £3.50?
Alcohol ???

CUNTS, CUNTS and more CUNTS

Are they taxing these too?  That's just mean.

Yes it's like window tax but they're only taxing the ones that open easily...

Is that how it works? More likely the Government take 50% of the bonus from the banks, THEN tax the bankers 40% on the remainder that they get.

You're not taxed or do not pay NI at the higher rates for the full £1, only the amounts over the bandings.

You get a personal allowance too

Don't be a cunting politician about this - we pay too much tax, end of...

I don't think we pay enough.

That's pretty much how I understood it. On any bonuses over £25k the banks themselves will have to pay 50% in taxes, the banker still gets the full amount and then pays standard taxes on it. So on a bonus of £50k a total of £45k will be paid in taxes, £25k by the bank and £20k by the banker (who ends up with £30k after 40% tax).

It still amazes me that the banking industry are even considering bonuses of this magnitude. They came real close to totally destroying the world economy and causing a long term depression, had to be bailed out with public funds. Yet they've shown fuck all remorse and think they can continue as normal. Bunch of cunts.

Well you don't pay any cos you haven't got a job you scrounging cunt

Apart from those who get their bonuses paid in shares, then transfer them to dodgy companies registered in the Cayman Islands, thereby avoiding all tax.

The more money you have = the more you can pay an accountant to find ways to get you out of paying so much tax.

They should put a fuck off  huge tax on accountants.

Fine with me Ben, I havent worked in accounts for months

you asked how much you paid on the pound and got it wrong. Wasnt advocating fiscal policy. If you feel that passionate perhaps you should do something about it   

VAT on wages  ? - if you're going to be outraged at least make an effort.

Nev, it is only a matter of time.

VAT is an EU tax and after Lisbon the powers that really rule us (i.e. The EU Commission) are already talking about direct taxes for the member states.

It can't go on. At some point the pips will squeak and we will all say 'enough' and then the whole fucking mess will come come crashing down thankfully.

Simple answer.  Pay yourself lesss.  To the point where you pay 27p in the £.  you''ll be quids in.  I myself struggle on a little above minimum wage and have no sympathy for you fat cats.

Is lesss exchangeable for Pound Sterling?

Its a good point..alot of self employed people are working less..and with NI going up for small buisnesses there wont be alot of incentive to earn more.

How things have changed.  When I was self employed.  Small building company, we worked all the hours God sent if the work was there.  Make hay when the sun shines and all that.  Never know when the work will dry up.

Or indeed the Brazilian coco bean.

There is zero incentive to work hard or to earn a lot when you are shafted by the Government's take.

Even more so if you are on benefits. The minimum wage sees to it that you are unemployable.

Fuck it, let the state crash and burn and then we can all decide what is a fair rate for our labour.

Ha, ha. Except we wouldn't because whatever warlord came out on top of the ensuing anarchy would decide what little food we'd get in return for our forced labour. You might do OK because you'd end up in his personal harem because you're pretty

I reckon we should go back to bartering society.

On a serious note, VAT will never be charged on wages.

VAT shouldnt be charged full stop Sie.....Value Added Tax,the biggest contrick ever to hit us.

You find me pretty? Fuck.

No warlord would come out on top because ultimately we all have the same fears and we would cut the fucker's legs off before it got to that stage. Read some Rothbard, Paul.

Didn't it replace various sales taxes at the time (no doubt at lower rates)? The thing I hate about VAT is that it's a pure consumer tax.

Although it is miles fairer than income tax.

I wonder how possible it is to align the needs/demands of the nation and lower taxes to a perceived acceptable level. VAT was hiked up by Major to cover for the reductions in income tax, that proved to be an ill fated policy for the consumer. Labour's spending culture hasn't helped us at all.

Any Government will tax us as much as they can get away with.

Think VAT came in in the seventies when the last big recesion arrived...it was a short term thing origanaly to raise big money..fast.

They certainly will.

I would be happy with a local sales tax that provided for local services if it went directly to local government. That seems fair to me (although in principle I think that any tax is wrong - it should be up to the free market to decide what services you need and then pay for).

Imagine SBC having control over a sales tax. Disaster.

See - taxes are always divisive. Fuck 'em.

How do you work that out? Doesn't VAT hit the poor more rather than the rich, as a greater portion of their income goes on buying things which they have to pay VAT on?

Get rid of VAT. Get rid of NI. Add it all on to income tax. Simpler to administer and based purely on income.

I'd also make all British nationals living abroad pay British taxes as well (less what they already pay abroad). A good example being Lewis Hamilton. If the fucker wants to call himself British he should be paying British taxes. If he lost all his money he'd come back here and live off the state. If he was in an accident over here, he would be covered by the NHS. If he got arrested abroad, the diplomatic service would help him. Same applies to everyone that keeps their British nationality but fucks off abroad to live - if you want to keep your British nationality whilst living abroad, you should be paying for it. Fuckers, the lot of them.

I didn't work it out, it's just an opinion. People who earn more usually spend more and therefore are taxed more. Where it falls down is where essential items are vatable, which isn't fair on people with low incomes. If vat was only on non-essential items low income individuals would actually be able to afford more, unless of course vat is higher than income tax

I disagree with that because I think that the rich should get taxed on the income which they aren't going to spend, as well as on what they spend more on. If that makes sense.

Ive heard several SBC workers saying there are going to be massive strikes next year.Good I hate an empty bin.

Pretty certain that if you check the figures you'll find those on low incomes pay a far higher % of their income in taxes than those on higher incomes. Even if those on higher incomes do spend more, its really about the % of their income that goes in taxes - don't forget all the people that have to spend every penny they earn every month just to put food on the table.

The really amazing thing about this is that after 12 years of Labour, the poor are still getting shafted.

Food and energy etc should be tax exempt- they are essential items in my opinion. PS3s aren't

Why should people who earn more pay a higher proportion of tax anyway? It's not their fault they are better off

Because they've benefited from society more than everybody else? They're still better off than everybody else, but they should give more back. Ten grand to someone who is earning £100,000 + a year isn't going to improve their lives very much, but will massively improve the lives of people earning minimum wage.

I think it comes down to the government needing a certain amount which if they charged to all, would put low income individuals at a disadvantage. Lots of people of higher earnings work hard to get there and dont take much from the state. Then you get people who take and never give back. People from backgrounds which aren't bad at all

So you're saying those on low incomes should pay a higher proportion of tax than those on high incomes? Because that is what is happening at the moment. How is that fair?

No he is saying why should people who earn more pay a higher proportion

And I'm saying why should people who earn less pay a higher proportion.

I'm happy to settle for everyone paying a similar proportion of their income in taxes. But as I said, at present that isn't what happens, its the poor that get shafted.

They shouldn't i was pointing out what Si was saying.It's simple imo you all pay the same set amount of tax and leave it at that.

Yeah what DRS said. Dont see why its fair to tax people who earn more a higher amount just because they can afford it. At the same time I realise it has to be like that because low earners cant afford to pay more in tax.       

and from a purely selfish perspective, it's better for me if I get to pay less tax than someone who earns more.

Because as I said, they benefit the most out of it. I'm sure there are high earners out there who just earn money off other high earners, but it breaks down and they wouldn't be earning money if it for other people having it to spend. Just because you're earning enough not to directly need benefits, education, the nhs, police, etc. doesn't mean that you aren't benefiting from it. In fact you're benefiting from it the most.

But then people will be benefiting of the people who are doing well,where does it stop? As i said have a set amount across the board then everyone knows where they stand.

 

i think everybody should pay the same % of their wage in tax, regardless of what they earn.
if the government stopped wasting so much of it, and handing it out to those not deserving of it, we wouldn't have to pay as much as we do.
those at the top and bottom of society take the piss out of the common folk

What a bunch of whinging cunts.

Tax is a pain in the arse, but the standard of living for the vast majority of people is very high.

Cars, Sky telly, holidays, decent housing, etc, etc.

Ok, some people work harder than others, or are more able to improve their lot due to their intelligence (Or their parents) but the % of people who are homeless, or starving to death, in this country is much lower than most (Including the good ol' US of A)

Why is that? Maybe it's something to do with how our society's structured?

Stop fucking moaning about how bad you've got it, think about people in real need for 5 minutes then complain about how harsh it is in the UK.

Never a truer word said. I have no objection to tax but, I do object to the bastards that have never done aproper days work in their lifes (MP's) wasting it.

The whole system is a bloody mess. raising tax is so inefficient. As an example why do we pay National Insurance AND income tax. Why pay car tax AND fuel tax. The tax system is so complicated that the Goverment employ a small army to collect it & the people employ loads of accountants to interpret it.
Then they waste it. I always believed that the benefit system was a safety net. To help those who need it when they need it.
Council tax is another rip off. The only decent service that I appreciate from my council is the dustbins being emptied. I believe that the cost of that is less than £100.
Our taxes fund an Army of bureaucrats whose main purpose in their job is to justify their existence & spend their budget so they get the same again next year.  It takes another small army to administer the benefits system, which is so complicated that few understand it fully (Some claimants are the most knowledgeable!) .
One of the biggest cons is the movement of thousands from the job seekers allowance to incapacity benefit.

Top post.....to take home less than half of what you earn every week is shocking..on 50% thats what happens after NI.

Fucking spot on arriba.

I object violently to sponging scumbugs who are too lazy to work but milk the benefits system to death, and to those 'who have' who explout every loophole to avoid paying tax at all (including my sister-in-law in the latter category).


Oh shut up you moaning old goat......but I fully agree.

I pay too much tax...it fucks me off...end off.

Some rather refreshing politics from Ireland earlier...

http://www.youtube.com/watch?v=VkJLWx6H7Gs

Brilliant.

The economy is fucked, possibly for a decade.

I was talking to a mate who's a banker. the 'supertax' is the laziest, most avoidable tax ever conceived. At the same time, how much real reform of investment banking is going on, none.