Originally posted by BrilloPad
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Reply to: HOL hearing - 02/03/2020
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Previously on "HOL hearing - 02/03/2020"
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Originally posted by krytonsheep View PostThe tax system with its various brackets and different names ( PAYE, employees NIC, employers NIC) are design to obfuscate the overall rate of tax an individual is actually paying.
I've had conversations with educated people who are happy they earn less than the higher rate tax band, because they think they would have to pay 40% tax on everything they earn.
For example, in April 2017, the thresholds for Primary and Secondary NI contributions were finally aligned. The rates published last month for 2020-21 show these are due to go out of line again.
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Originally posted by simes View PostOf course yes! Again thanks.
But is the general thinking along the right lines? Remove NI as an entity and chuck the shortfall into Income Tax?
I've had conversations with educated people who are happy they earn less than the higher rate tax band, because they think they would have to pay 40% tax on everything they earn.
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Originally posted by ladymuck View PostShe was indeed very divisive. You can't doubt that she had a long term plan (whatever you may have thought of it) that saw beyond her initial term. Just don't get that any more with politicians. It's all 5 year sticking plasters.
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Originally posted by Wobblyheed View PostThey held street parties in the north east
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She was indeed very divisive. You can't doubt that she had a long term plan (whatever you may have thought of it) that saw beyond her initial term. Just don't get that any more with politicians. It's all 5 year sticking plasters.
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Originally posted by Wobblyheed View PostThey held street parties in the north east
Oddly she thought being equally despised and loved was great - it proved she made a difference.
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Originally posted by BrilloPad View PostI laid flowers outside her house when she died. Very sad day. I got interviewed by foreign news crews.
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Originally posted by ladymuck View PostThere needs to be an overhaul of the entire tax system. Anything less would be just tinkering.
Chuck out rule book and start again. There will be winners and losers and vested interests all over the shop but it needs doing.
Pie in the sky stuff, it'll never happen as no elected person has the gumption to consider anything longer than their parliamentary term.
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It would be a good start if there was a minister appointed to HMRC as there is for other depts.
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Originally posted by ladymuck View PostThere needs to be an overhaul of the entire tax system. Anything less would be just tinkering.
Chuck out rule book and start again. There will be winners and losers and vested interests all over the shop but it needs doing.
Pie in the sky stuff, it'll never happen as no elected person has the gumption to consider anything longer than their parliamentary term.
Leave a comment:
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