Omega Owners Forum

Please login or register.

Login with username, password and session length
Advanced search  

News:

Please check the Forum Guidelines at the top of the Newbie section

Pages: [1] 2 3 4 5 6 7 8 ... 12   Go Down

Author Topic: Top 5%  (Read 24476 times)

0 Members and 2 Guests are viewing this topic.

Andy B

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • Bury Lancs
  • Posts: 39729
    • ML350 TDM SmartRoadster
    • View Profile
Top 5%
« on: 22 November 2019, 13:48:07 »
If anyone was watching question time last night ..... https://www.bbc.co.uk/news/50517136

Not sure what he must do for a living in Bolton if he's earning more than £80k ...  ???
Logged

henryd

  • Omega Lord
  • *****
  • Offline Offline
  • Gender: Male
  • west cornwall
  • Posts: 8805
  • VW Touareg R5 tdi Auto
    • View Profile
Re: Top 5%
« Reply #1 on: 22 November 2019, 15:38:48 »
Quote from: Andy B on 22 November 2019, 13:48:07
If anyone was watching question time last night ..... https://www.bbc.co.uk/news/50517136

Not sure what he must do for a living in Bolton if he's earning more than £80k ...  ???

Thieving :D :D ;D
Logged
other rides 
  mk3 Volvo v70 2.0 Diesel ,Citroen C2, Pug 306 cabriolet
  Sterling elite trekker pikey wagon

Doctor Gollum

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • In a colds and darks puddleses
  • Posts: 29777
  • If you can't eat them, join them...
    • Feetses.
    • View Profile
Re: Top 5%
« Reply #2 on: 22 November 2019, 16:09:58 »
Quote from: henryd on 22 November 2019, 15:38:48
Quote from: Andy B on 22 November 2019, 13:48:07
If anyone was watching question time last night ..... https://www.bbc.co.uk/news/50517136

Not sure what he must do for a living in Bolton if he's earning more than £80k ...  ???

Thieving :D :D ;D
Nah, he'd be on benefits with zero declared income if that were the case  ;)
Logged
Onanists always think outside the box.

STEMO

  • Guest
Re: Top 5%
« Reply #3 on: 22 November 2019, 16:24:00 »
Quote from: Andy B on 22 November 2019, 13:48:07
If anyone was watching question time last night ..... https://www.bbc.co.uk/news/50517136

Not sure what he must do for a living in Bolton if he's earning more than £80k ...  ???
Headteacher, senior hospital manager, company director, etc, etc.
Logged

Migv6 le Frog Fan

  • Omega Queen
  • *****
  • Offline Offline
  • Gender: Male
  • Webs End.
  • Posts: 12479
  • Nicole's Papa
    • 3.2 Elite. Boxster. C1.
    • View Profile
Re: Top 5%
« Reply #4 on: 22 November 2019, 16:30:30 »
Its ok saying it wont hurt those on decent salaries to pay a bit more in tax, but imo they are already taxed highly without having to hand over even more, so politicians can waste it. Its old fashioned Labour politics of envy. The curse of this country for decades in the past.
To me, if someone works hard and does well for themselves, good luck to them. If I had turned up at school and paid attention to what was being taught, maybe I would have done well for myself too.
Logged
Women are like an AR35. lovely things, but nobody really understands how they work.

tunnie

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • Surrey
  • Posts: 37547
    • Zafira Tourer & BMW 435i
    • View Profile
Re: Top 5%
« Reply #5 on: 22 November 2019, 16:40:46 »
What bugs me is you could have a mum earning £40k and a Dad Earning £40k for a family bringing in £80k combined and that's fine.  ???

Yet have Dad earning £80k and Mum being full time mummy and not working, this is not ok and "punish the rich"  >:(
Logged

STEMO

  • Guest
Re: Top 5%
« Reply #6 on: 22 November 2019, 16:42:48 »
A lot of the top 5% of earners will be in the public sector. Crusty Corbyn has said that every public sector worker will get a 5% pay rise. Will the pay rise cover the tax increase or is he talking bollix as usual?

John McDonnell has said that his back of a fag packet figures are correct and the IFS knows f**k all.  ;D
Logged

STEMO

  • Guest
Re: Top 5%
« Reply #7 on: 22 November 2019, 16:44:32 »
Quote from: tunnie on 22 November 2019, 16:40:46
What bugs me is you could have a mum earning £40k and a Dad Earning £40k for a family bringing in £80k combined and that's fine.  ???

Yet have Dad earning £80k and Mum being full time mummy and not working, this is not ok and "punish the rich"  >:(
That's how we lost our child benefit in 2015. One earner over £50K, no CB. Two earners with £45K each can have it.
Logged

Migv6 le Frog Fan

  • Omega Queen
  • *****
  • Offline Offline
  • Gender: Male
  • Webs End.
  • Posts: 12479
  • Nicole's Papa
    • 3.2 Elite. Boxster. C1.
    • View Profile
Re: Top 5%
« Reply #8 on: 22 November 2019, 16:46:11 »
I believe that all benefits should be means tested, but testing them in that way is ludicrous.
Logged
Women are like an AR35. lovely things, but nobody really understands how they work.

STEMO

  • Guest
Re: Top 5%
« Reply #9 on: 22 November 2019, 16:50:04 »
Quote from: Migv6 le Frog Fan on 22 November 2019, 16:46:11
I believe that all benefits should be means tested, but testing them in that way is ludicrous.
Agreed. I always said we shouldn't get CB, but that way was just unfair.

As an aside: We got a letter saying we could either give up the CB or pay the equivalent in income tax. We gave it up. A teacher at wifey's school just ignored the letter, and has just received a tax demand for £5,000.
Logged

Doctor Gollum

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • In a colds and darks puddleses
  • Posts: 29777
  • If you can't eat them, join them...
    • Feetses.
    • View Profile
Re: Top 5%
« Reply #10 on: 22 November 2019, 16:52:55 »
The solution to that is to set up the household as a business. This gives the earner an element of self employment which requires a tax return. You then pay the stay at home parent an employee of the business and write off the cost of this against your tax return. Net result is you you should only be taxed against your net earnings rather than the gross. The premise being that you, as a family unit, are in business to provide for and maintain your household and children.

Stay at home parents aren't unemployed, it's just that they are not paid for the job they do. The government would do well to recognise this point.
Logged
Onanists always think outside the box.

Doctor Gollum

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • In a colds and darks puddleses
  • Posts: 29777
  • If you can't eat them, join them...
    • Feetses.
    • View Profile
Re: Top 5%
« Reply #11 on: 22 November 2019, 16:59:22 »
In the States, everyone has to file a tax return regardless of whether they pay income tax directly from their wages.

Tax returns can be filed as household returns, Married Couple Filing Jointly iirc, which effectively halves the individual earnings/doubles allowances as it divides the household income between the couple.

I don't suppose that such a common sense approach exists here... ::)
Logged
Onanists always think outside the box.

STEMO

  • Guest
Re: Top 5%
« Reply #12 on: 22 November 2019, 17:06:05 »
Quote from: STEMO on 22 November 2019, 16:50:04
Quote from: Migv6 le Frog Fan on 22 November 2019, 16:46:11
I believe that all benefits should be means tested, but testing them in that way is ludicrous.
Agreed. I always said we shouldn't get CB, but that way was just unfair.

As an aside: We got a letter saying we could either give up the CB or pay the equivalent in income tax. We gave it up. A teacher at wifey's school just ignored the letter, and has just received a tax demand for £5,000.
I'm wondering when we might get a similar letter with regards to the state pension.
Logged

STEMO

  • Guest
Re: Top 5%
« Reply #13 on: 22 November 2019, 17:07:06 »
Quote from: Doctor Gollum on 22 November 2019, 16:59:22
In the States, everyone has to file a tax return regardless of whether they pay income tax directly from their wages.

Tax returns can be filed as household returns, Married Couple Filing Jointly iirc, which effectively halves the individual earnings/doubles allowances as it divides the household income between the couple.

I don't suppose that such a common sense approach exists here... ::)
That is a very fair and progressive policy, but it will never happen here.
Logged

Field Marshal Dr. Opti

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • Utopia
  • Posts: 32356
  • Speaking sense, not Woke PC crap
    • View Profile
Re: Top 5%
« Reply #14 on: 22 November 2019, 17:11:56 »
I hate the f*ucking taxman. He makes me pay tax on money I don't earn. I have spoken with them about this but they are far from friendly.....aggressive even. :-\

Big companies pay very little in tax. Amazon being an example who is above the law.

Logged
Pages: [1] 2 3 4 5 6 7 8 ... 12   Go Up
« previous next »
 

Page created in 0.012 seconds with 17 queries.