Crushed by Tax

[DimPrawn]

http://www.telegraph.co.uk/news/main...0/nipod130.xml

Young people aged 18 to 34 are paying half their earnings in tax as they help fund the pension and health care costs of an ever more prosperous older generation, a highly critical new report says.

The report is a severe embarrassment to the Prime Minister, who said when accepting the Labour leadership in June that his priority was to help "young people with talent and ambition wanting the best chance to realize their aspirations."

Instead Reform argues that much of government fiscal policy is doing the reverse.

It says that at a time when young people should feel motivated to innovate, the financial burden on them is soaring as a result of "near compulsory" student loans for tuition fees and pension contributions, income tax reforms which have left people on low salaries paying more, increasing national insurance contributions and rising council tax.

''The Ipod generation has been reduced to galley slaves in the public spending empire of the baby boomers," Mr Bosanquet says. "The Government is in the process of mortgaging the future of a generation."


And yet, when all is said and done THEY STILL VOTE LABOUR!

fook em.

[tay]

And yet, when all is said and done THEY STILL VOTE LABOUR!

fook em.

Exactly and its the poorest that are going to pay the biggest price in years to come. But from what I understand of the British ..they will just blame Thatcher.

[DimPrawn]

Exactly and its the poorest that are going to pay the biggest price in years to come. But from what I understand of the British ..they will just blame Thatcher.

Good point. Whatever happens, no matter how bad it gets, remember this. It's all a legacy of Thatcher. Keep voting Labour.

[rootsnall]

Good point. Whatever happens, no matter how bad it gets, remember this. It's all a legacy of Thatcher. Keep voting Labour.

If the economy goes pear shaped then it'll soon be all down to Gordon and Tony. Saying that Teflon Tony might of got out in time.

[hugebrain]

http://www.telegraph.co.uk/news/main...0/nipod130.xml

Young people aged 18 to 34 are paying half their earnings in tax

Lucky them! Most tax payers in Britain pay more than 50%. The joys of socialism.

[xoggoth]

Indeed. Many stupid sorts just see the tax deduction in their pay packet and think that's it.

Some notice VAT, council tax, fuel tax, booze/fag/airport/stamp duties etc. and all the other things the state makes us pay for.

Far too many don't twig that they are picking up the bill, via reduced salary/increased costs, for employer's NI, corp tax and all the other million other burdens the bloated state imposes on business.

[ChimpMaster]

What bugs me the most is the waste of all this taxation revenue. And to think that the law requires people to pay this tax just so that the government can go and waste it, either on their hair-brained schemes or on their own salaries and expenses. It actually disgusts me to see how things are run.

[Lucifer Box]

What bugs me the most is the waste of all this taxation revenue. And to think that the law requires people to pay this tax just so that the government can go and waste it, either on their hair-brained schemes or on their own salaries and expenses. It actually disgusts me to see how things are run.

Sounds to me as though someone should be beheaded.

[DimPrawn]

What bugs me the most is the waste of all this taxation revenue. And to think that the law requires people to pay this tax just so that the government can go and waste it, either on their hair-brained schemes or on their own salaries and expenses. It actually disgusts me to see how things are run.

Tax is never wasted, only ever invested.

HTH

Gordon

[Chugnut]

Sounds to me as though someone should be beheaded.

And they will be once the Decapitation Tax is announced in the next Budget.

HTH