Originally posted by mattster
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Mini Budget aka Fiscal Statement
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merely at clientco for the entertainment -
Traders in the city have coined a nick for Truss: "Daggers" - as in Dagenham, 2 stops past BarkingScoots still says that Apr 2020 didn't mark the start of a new stock bull market.Comment
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All this talk that the changes disproportionately affect the rich seem to be true... they have been hit far harder since most of their wealth tends to be in shares and so on.
Although with a bit of foresight you could have bought a LOT of USD and made a killing off this.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by _V_ View PostI see you have dropped the fking Tory scum moniker now you have been gifted a large set of tax breaks....
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Originally posted by malvolio View PostActually, NICs do not fall on to everyone. Once you are eligible for state pension, you don't pay them. And the tax free band is to help the lowest paid, including an awful lot of pensioners, as a sort of minimum wage assistance.
I referred to NICs as a form of income tax falling on as many working people as 20% tax does - 1% drop in those is as “expensive” to the Treasury as 1% in main income tax band.Comment
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Originally posted by mattster View PostExactly, the problem with taxing via NICs is precisely that they do not fall on everyone. NICs very specifically target people in work, leaving pensioners, dividend income, rental income, capital gains etc well alone.
NICs - 161 bln
Pretty close in revenue even though top 10% tax payers pay more than half of income tax
https://commonslibrary.parliament.uk...in%202021%2F22.
NIcs are are on work - incime tax by another name that for some idiotic reason employers have to payComment
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Originally posted by AtW View Post
NIcs are are on work - incime tax by another name that for some idiotic reason employers have to payComment
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Originally posted by mattster View PostYep, high time we got rid of NI and rolled everything into a single "any method" income tax (all income, divs, capital gains etc) (plus a payroll tax for employers, if you must).
It’s complete load of crap that employers have unlimited 13%+ NICs - total madness
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Originally posted by mattster View Post
Yep, high time we got rid of NI and rolled everything into a single "any method" income tax (all income, divs, capital gains etc) (plus a payroll tax for employers, if you must).Blog? What blog...?Comment
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Originally posted by malvolio View PostGood way to get elected. "We're putting income tax up to a starting point of 38%..."Comment
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