Originally posted by Scoobos
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The top rate was 98%.
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Oh, the taxation wasn't simplified, that was just the basic rate.
The top rate was 98%. -
I'll take simplified taxation and bellbottoms without any arguments! Loved flares, though they did seem to be making a comeback this year, another thing lost to the pandemic.Originally posted by DoctorStrangelove View PostAh, the 1970s when the standard rate of income tax was 33% with NI at 5%.
Everything was beige.
Literally everything.
Cars.
Suits* (I've still got a particularly hideous example in the wardrobe).
Wallpaper.
Oh, I can hardly wait.
Are flares and bellbottoms pencilled in to return?
They're a bit easier to get on & off than these slim jeans and trousers of today.
Though you have to be a bit careful when it's windy or you could take off.
*There's a fine selection in this lot:
https://www.ebay.co.uk/b/1970s-Vinta...777/bn_9588975Leave a comment:
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Ah, the 1970s when the standard rate of income tax was 33% with NI at 5%.
Everything was beige.
Literally everything.
Cars.
Suits* (I've still got a particularly hideous example in the wardrobe).
Wallpaper.
Oh, I can hardly wait.
Are flares and bellbottoms pencilled in to return?
They're a bit easier to get on & off than these slim jeans and trousers of today.
Though you have to be a bit careful when it's windy or you could take off.
*There's a fine selection in this lot:
https://www.ebay.co.uk/b/1970s-Vinta...777/bn_9588975Last edited by DoctorStrangelove; 5 April 2020, 14:56.Leave a comment:
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This is going to be tremendously contentious on here; but I'm saying it.
I've never used contracting as a 'vehicle' and I've had to use independent accountants for most of my career in contracting; due to my personal belief that I am NOT
1. Hiring anyone
2. Generating wealth for anyone in particular
I am doing it because it gets me access to piecemeal projects I can take on, complete and leave. I like that and it suits me very well.
As such, I've always paid myself a realistic salary and paid 33% of my income, either via taxation or a mix of taxation and charitable long term donations (if I really can't abide by the gvt policy of the time).
I'm not wanting a medal , or anything like that - but if individual people are earning over 100k a year (without creating jobs for anyone) and paying less tax, as a percentage than someone working for minimum wage - it is questionable.
I understand the argument of 'punishing success' etc - but if its a one man band, just mercenary - what does the individual success equate to?
People still use the same public services etc . If you're paying for private schooling, private healthcare etc - then that's obviously a little different. But some people are literally paying themselves the absolute minimum to avoid PAYE Tax and NI contributions and maxing out the expenses and dividends in a way that might well be legal - and now wanting support from the state.
It's my personal belief and I'm not trying to enforce it on everyone - but I'd be happy with EVERYONE paying the same universal standard rate of taxation - that doesnt have to be 60% if people stop taking the piss and paying well under 25%.Leave a comment:
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One out! All out! Wot about the workers?
Workers of the World unite!
You have nothing to lose but your chains!
Oh I feel betterer now.
Someone find a 40 gallon drum with the top cut off so we can have a proper fire.
Bring your own donkey jacket.
Be sure to observe the 2m separation rule!Leave a comment:
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Better get ready for a “ reckoning”
“ Key workers have been "overlooked and underpaid" and there will have to be a "reckoning" after the coronavirus crisis, the new Labour leader has said.
Sir Keir Starmer told the BBC's Andrew Marr: "They were last and now they've got to be first."
He said another decade of austerity would be a mistake, saying it was "inevitable" that the wealthy would have to pay more.”
Coronavirus: Key workers 'overlooked and underpaid', says Starmer - BBC News
I reckon 60% income (divi) tax is on the cards
Leave a comment: