[Politics] The General Election Thread

[Weststander]

Got to say I really don’t understand all this, but just for clarity are Labour suggesting that those in the scenario quoted should pay the same amount in tax as someone earning the same figures through a wage?

Disgraceful...

1. Your treating profits from taking risks and/or having an idea, as the same as someone earning money from their time in their vocation whether the latter be a city analyst or a nurse. Even Labour politicians over the decades have never merged the two different concepts.

2. Business owners receive no sick pay, no non-state redundancy pay, no holiday pay, have no employment rights, no guarantee of there being work next week, no pension contributions other than from what’s in effect their money already (not from their unconnected employers). This quid pro quo from all governments is that lower tax is paid, should be they be lucky enough to make a profit.

But the gap was closed, you’d be surprised to know by Osborne, who created dividend tax rates of 7.5%, 32.5% and 38.1%. McDonnell’s attack is largely on tiny limited company owners earning up to £50,000. Taxing them in increased corp and personal tax with an overnight bill of almost £5k per annum.

These aren’t the wealthy we’ve heard your mates at Momentum talk about for 4 years.

3. This also hits heavily 1.9 million old folk who happened to have bought some listed company shares in their lifetime, to supplement their pensions.

 

[Blue3]

Our current tax rates are increadably low compaired to other nations while all the time our NHS, Public House building, Social Services, Education, Homeless, transport are all in a desperate state when did we as a nation become so selfish that we no longer care about our fellow Citizens.

 

[Motogull]

You'd certainly want to keep him as far away from the cameras as possible.

Maybe he's on holiday with Dianne Abbott.

Best not to think about that possibility too much.

 

[Stat Brother]

It's hard to imagine all that money is being given for the good of all the people in the UK:-

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[Surrey Phil]

Our current tax rates are increadably low compaired to other nations while all the time our NHS, Public House building, Social Services, Education, Homeless, transport are all in a desperate state when did we as a nation become so selfish that we no longer care about our fellow Citizens.

Most people care about our fellow citizens. Here’s a novel suggestion, how about increasing PAYE across the board - for the many not just the few?

 

[Weststander]

So, are you saying the change from current taxation to the proposed Labour taxation would mean a change resultant profit from £29k down to £27K ? that's not too bad is it ? or would the small businessman used as an example relocate to Luxembourg or Ireland to avoid that £2k extra tax bill ?

A lot of the people you agree with on here as Remain and anti-Boris, are these affected tax payers running tiny companies. Example profit £50,000, almost £5,000 of additional tax to be suffered each tax year.

Will these plumbers, website designers, mortgage advisors, landscapers, contract gardeners, roofers, really be the type that emigrate to Luxembourg from Worthing? You know the answer.

Corbyn and McDonnell made no mention over the last 4 years of ever hurting these small business owners.

All soundbites were about illegal tax evaders, the multinationals taking the ‘p’ and the super wealthy.

This is all new today.

 

[Is it PotG?]

I believe on another thread, possibly the 'Brexit' one that someone mentioned snake oil salesmen.

Labour Manifesto anyone?

 

[Weststander]

Most people care about our fellow citizens. Here’s a novel suggestion, how about increasing PAYE across the board - for the many not just the few?

As in Sweden, Finland and Denmark, fair across the board, no furtive stealth taxes.

 

[portslade seagull]

A lot of the people you agree with on here as Remain and anti-Boris, are these affected tax payers running tiny companies. Example profit £50,000, almost £5,000 of additional tax to be suffered each tax year.

Will these plumbers, website designers, mortgage advisors, landscapers, contract gardeners, roofers, really be the type that emigrate to Luxembourg from Worthing? You know the answer.

Corbyn and McDonnell made no mention over the last 4 years of ever hurting these small business owners.

All soundbites were about illegal tax evaders, the multinationals taking the ‘p’ and the super wealthy.

This is all new today.

Anybody that dares to work hard for a living is in the firing line

 

[melias shoes]

Anybody that dares to work hard for a living is in the firing line

Exactly this. Work hard all your life? Thanks for that. Now we're going to take it all of you. Vote Labour. Do me a favour.

 

[Blue3]

Most people care about our fellow citizens. Here’s a novel suggestion, how about increasing PAYE across the board - for the many not just the few?

Yes of course a progressive tax system so those with more pay a little more, I am one of those with more and I would be happy to pay more tax to support the services required

 

[portslade seagull]

Exactly this. Work hard all your life? Thanks for that. Now we're going to take it all of you. Vote Labour. Do me a favour.

Whilst Corbyn and his cronies live in 1m plus houses no different to the conservatives.

 

[beorhthelm]

for a fully costed budget, there is an omission of how much the £650bn borrowing will cost. say 1% coupon thats a £65bn hole.

 

[vegster]

A lot of the people you agree with on here as Remain and anti-Boris, are these affected tax payers running tiny companies. Example profit £50,000, almost £5,000 of additional tax to be suffered each tax year.

Will these plumbers, website designers, mortgage advisors, landscapers, contract gardeners, roofers, really be the type that emigrate to Luxembourg from Worthing? You know the answer.

Corbyn and McDonnell made no mention over the last 4 years of ever hurting these small business owners.

All soundbites were about illegal tax evaders, the multinationals taking the ‘p’ and the super wealthy.

This is all new today.

Please bear in mind I would happily pay more tax in order to properly fund public services, If I ever had a pay rise ( One 3% rise in 5 years !) I could contribute more and would happily share the burden as I know it's going to support society.

I rather like my bosses, despite the fact my pension scheme ( that the company deferred for as long as possible and pay statutory minimum in to ) is derisory compared to theirs, they get more holiday than me and one even admitted that the job I do for him is " soul destroying " ! But, here I am still plugging away. I think we all have to contribute more in some form or another or else "society " will cease as we know it and we end up in a dystopian future not dissimilar to Bladerunner.

 

[Bozza]

Yes of course a progressive tax system so those with more pay a little more, I am one of those with more and I would be happy to pay more tax to support the services required

Please bear in mind I would happily pay more tax in order to properly fund public services, If I ever had a pay rise ( One 3% rise in 5 years !) I could contribute more and would happily share the burden as I know it's going to support society.

A copy and paste from my post a few pages back...

I think most would be prepared to sacrifice a bit themselves if they believed that, in doing so, the benefit would be felt elsewhere. But how far does that extend?

How many people would genuinely place their vote knowing that it could mean a dramatic negative impact on them and their family (less disposable income, not being to afford a holiday and cutting activities their kids can do etc) in order to effect a broader societal improvement.

 

[vegster]

Anybody that dares to work hard for a living is in the firing line

Pathetic ! I have worked hard for years and the only " Pay Rise" I ever get is if/when the government raises the Income Tax personal allowance.

 

[Two Professors]

7 years?
That's a very long time isn't it.
About the same time as it takes to finalise a trade deal with a major country.

Which major country are we building these houses on then?

 

[Two Professors]

Whilst Corbyn and his cronies live in 1m plus houses no different to the conservatives.

 

[Two Professors]

So Jezza's merry men are Real Change.Anybody know whats happened to Short Change,No Change,or whatever they were called?

 

[Weststander]

Please bear in mind I would happily pay more tax in order to properly fund public services, If I ever had a pay rise ( One 3% rise in 5 years !) I could contribute more and would happily share the burden as I know it's going to support society.

I rather like my bosses, despite the fact my pension scheme ( that the company deferred for as long as possible and pay statutory minimum in to ) is derisory compared to theirs, they get more holiday than me and one even admitted that the job I do for him is " soul destroying " ! But, here I am still plugging away. I think we all have to contribute more in some form or another or else "society " will cease as we know it and we end up in a dystopian future not dissimilar to Bladerunner.

I’ve agreed with you many times on such topics of our time. As an accountant/tax person, I’ve seen awful company owners who treat staff like dirt, lie that they’re not making fantastic profits, to avoid pay rises. Conversely, many good business owners who treat and reward staff well .... guess what, the staff at the latter go the extra half mile to meet reasonable deadlines, staying late on occasions voluntarily to achieve that.

I’m not wealthy or a higher rate tax payer, but I’d like to see say 2p or 3p (possibly more) in the pound extra in basic rate tax, to be spent wisely on hospital infrastructure, mental health services for all age groups, far better resourced CAMHS, and other key issues. I fully back a minimum wage of £10 a hour, with all cheating options by bent employers enforced against criminally.

I do remember your job circumstances, and I’m genuinely ‘on your side’. As I say, I’ve witnessed just that scenario.