Alistair Darling to raise income tax rate for top earners

[Moscow Mule]

Income tax bands are hardly complicated, adding a higher one is not exactly going to make it confusing.

Especially for people who would be paying it. Except for footballers maybe.

[BrilloPad]

Income tax bands are hardly complicated, adding a higher one is not exactly going to make it confusing.

The perception is that they are complicated. One of the best things maggie did was removing tax bands (besides removing red tape and making us spend what we earned).

[minestrone]

Income tax bands are hardly complicated, adding a higher one is not exactly going to make it confusing.

There will be a crisis meeting at the treasury just now becasue one of us hard coded the bands into the code.

[Churchill]

45% at 150K will, at the worst, only marginally affect some high-end contractors.

It won't raise much tax either, but it will win some votes.

Aye, from the jealous proles who can't get off their collective fat arses!

[expat]

anyway you can count yourselves lucky you are not at the mercy of a 3% local income tax. The SNP look like they are going to go through with this. Bloody madness.

Not if it replaces a similar tax take from council tax. Personally as someone who might retire to Scotland with a paid-up house but a low income I wouldn't mind seeing council tax replaced by local income tax.

In real life I suppose it might be "as well as..."

[expat]

Exactly whose money is it?

Exactly what does that mean?

[minestrone]

Not if it replaces a similar tax take from council tax. Personally as someone who might retire to Scotland with a paid-up house but a low income I wouldn't mind seeing council tax replaced by local income tax.

In real life I suppose it might be "as well as..."

Our household bill will go from 2 grand to about 7 grand. They were not going to tax dividends but that has changed. There is no way i'm paying anymore.

Top tax rate will be 48% in a couple of years, at that point i'm off.

[Epiphone]

Saw Vince Cable on the telly this morning on about this. Scary world we live in when the Lib Dems are the only ones talking any sense.

[Purple Dalek]

Saw Vince Cable on the telly this morning on about this. Scary world we live in when the Lib Dems are the only ones talking any sense.

Lib-dems appearing to talk sense, we truly live in a world gone mad.

[Iron Condor]

I cant believe people here support labour tax increases, after IR35 and everything else.

Taxing those who earn over 150K rich wont raise much money, its just a diversion. Eventually they will have to come after the middle classes. Sooner or later they will abolish the upper ceiling on employee NICs for those in the current high tax bracket, perhaps after increasing that threshold a bit as another diversion.

I dont put it past them to even start charging NICs on ltd company dividends.