Tory Scum Rebels

[AtW]

When Labour get in:

Corp tax 25%.
Lower rate dividend tax: 20%
Higher rate dividend tax: 40%
Additional rate dividend tax: 45%

Capital gains tax: 20/40/45% as well.

Yep.

On a plus side my effective tax rate will drop to 0%…

[AtW]

Sounds like Truss is about to U-turn on the 45p rate...

Looks this way for sure - not a bad word about other tax cuts that make up 90%+ in total, sterling back up too

[Paddy]

Yep.

On a plus side my effective tax rate will drop to 0%…

Why don't you try gofundme.com

[WTFH]

Why don't you try gofundme.com

I think he means he's leaving. If that's the case, there's probably a few more on here will vote Labour.

[Whorty]

Yep.

On a plus side my effective tax rate will drop to 0%…

So you won't have any income at all after 2024? No pension, no drawdown from your company, no rental income? Nothing?

You're going from over £150k to zero instantly?

Good luck with that.

[TheDude]

If Labour win in a couple of years time they might increase it to 50% like the last time they were in.

It doesn't matter what the highest tax band is - those with real money never pay it.

[Zigenare]

So you won't have any income at all after 2024? No pension, no drawdown from your company, no rental income? Nothing?

You're going from over £150k to zero instantly?

Good luck with that.

He doesn't have to pay for his "girlfriends".

#Justsaying

[Fraidycat]

It doesn't matter what the highest tax band is - those with real money never pay it.

But it matters to us, it is the little guys, like inside IR35 contractors working in the City who end up paying the 45% rate + 15% employer NICs + 3% employee NICs.

[Zigenare]

But it matters to us, it is the little guys, like inside IR35 contractors working in the City who end up paying the 45% rate + 15% employer NICs + 3% employee NICs.

It is the politics of envy and jealousy. The downtrodden(my arse!) can't stand to see others doing well from their own industrious efforts. Levelling up to some means bringing everyone else down to their own stinking level.

[d000hg]

When Labour get in:

Corp tax 25%.
Lower rate dividend tax: 20%
Higher rate dividend tax: 40%
Additional rate dividend tax: 45%

Capital gains tax: 20/40/45% as well.

And? If that ended up translating to a wonderful place to live - clean with excellent public services - I wouldn't mind. Rather than the same mess just paying more for it