LibDem the Tax Cutting Govt?

[stingman123]

Fair enough, its there in black and white, in print etc....

But do you really believe any of it?

[Cyberman]

The next thing we will hear is that New Lie are cutting taxes. After all, the election is lost so they may as well continue to try to bribe the electorate for damage limitation, to the cost of the next Tory government and the taxpayer after 2010.

[ratewhore]

I would welcome this - as long as I didn't have the expense of running a Ltd too.

No more employers NI, no more CT, just a tax on the income you make minus the expenses you have generating that income.

Seems to be the most equitable way of taxing that income. You obviously end up paying more personal tax, but I can't be bothered to work out what the break even contract rate would be.

Sounds like self-employment to me...

[Moscow Mule]

That's how I took it also. So your expenses can go up from the 5k but the rest would still be PAYE.

develop new rules that will allow specialist contractors to properly charge reasonable and legitimate expenses against their pre-tax income.

I would welcome this - as long as I didn't have the expense of running a Ltd too.

No more employers NI, no more CT, just a tax on the income you make minus the expenses you have generating that income.

Seems to be the most equitable way of taxing that income. You obviously end up paying more personal tax, but I can't be bothered to work out what the break even contract rate would be.

[shaunbhoy]

With the LibDems now shouting that they are the Tax Cut party, anyone seen them say anything about the likes of us?

The only thing I found was this

It all sounded quite promising at first, but when they were pressed on the detail it appears that they are set on really hammering the super-wealthy (i.e. those that pay tax in the 40% band as that, apparently, accounts for only 10% of the country's taxpayers!!) If their figures are that far out it is scarcely worth listening to them.

[BoredBloke]

That's how I took it also. So your expenses can go up from the 5k but the rest would still be PAYE.

[ratewhore]

Reads to me like they will keep IR35 and raise the expenses limit from £5K.

Stick with the tories, you know it makes sense...

[Moscow Mule]

With the LibDems now shouting that they are the Tax Cut party, anyone seen them say anything about the likes of us?

The only thing I found was this

That's remarkably sensible.

Seeing as Vince Cable is my MP I might write him a letter commending him on that stance.

[portseven]

With the LibDems now shouting that they are the Tax Cut party, anyone seen them say anything about the likes of us?

The only thing I found was this