Granny Danger Posted December 14, 2017 Author Share Posted December 14, 2017 4 minutes ago, renton said: Hard to see how Labour and certainly the Greens can give the SNP flak for a progressive income tax change. The Greens won’t, other than maybe saying it doesn’t go far enough. Labour will find a way. 0 Quote Link to comment Share on other sites More sharing options...
renton Posted December 14, 2017 Share Posted December 14, 2017 1 minute ago, Granny Danger said: The Greens won’t, other than maybe saying it doesn’t go far enough. Labour will find a way. Not Comrade Leonard's Democratic Progressive People's Socialist International Labour Group, surely? 0 Quote Link to comment Share on other sites More sharing options...
renton Posted December 14, 2017 Share Posted December 14, 2017 (edited) Fairly deft work there.... Edited December 14, 2017 by renton 0 Quote Link to comment Share on other sites More sharing options...
Kyle Posted December 14, 2017 Share Posted December 14, 2017 I think the SNP have nailed this based on the information we have so far. Need to have a proper look at the details, but the headlines all look very positive to me. 1 Quote Link to comment Share on other sites More sharing options...
mizfit Posted December 14, 2017 Share Posted December 14, 2017 My tax stayed the same, which I’m happy at. And I doubt I’ll hit the next bracket anytime soon. My girlfriends tax has dropped as well. 0 Quote Link to comment Share on other sites More sharing options...
Dunning1874 Posted December 14, 2017 Share Posted December 14, 2017 Everyone on or below the average wage gets at least a freeze, with some getting a cut, while those above average have 1p added rather than the 5p for the highest earners proposed by Greens and Labour. That's deftly done. Obviously the Tories will howl about it anyway but giving a cut or freeze to lower earners allows them to deflect Tory attacks about the rise on higher earners easily by portraying them as not caring about ordinary people, and it puts them firmly in the progressive ballpark although they're not as far into it as the Greens or Labour. It's obviously not going to pass as it is because neither the Greens nor Labour are going to back a budget with a real terms cut in local government funding and the Lib Dems are probably going to find one pretext or another to vote against regardless of how much they pledge for mental health or education, but it sets the stall for negotiations with the SNP able to argue they've taken a progressive position with tax reform and the public sector increase contributing to the most left-wing budget they've put forward in government. Wouldn't be surprised to see the Greens backing it based on a trade-off around increasing local government funding, possibly with the extra funding coming from another 1p on the highest rate or another band between the highest two, say for earnings from £75K to £150K. 1 Quote Link to comment Share on other sites More sharing options...
Crossbill Posted December 14, 2017 Share Posted December 14, 2017 Cutting the tories off at the knees If he's abolished charitable status for private schools as seemed to be implied so much the better. 1 Quote Link to comment Share on other sites More sharing options...
mizfit Posted December 14, 2017 Share Posted December 14, 2017 Only angry people funnily enough online describe themselves as Tory’s. 0 Quote Link to comment Share on other sites More sharing options...
doulikefish Posted December 14, 2017 Share Posted December 14, 2017 Murdo and Leonard being minters reading there pre written speeches 1 Quote Link to comment Share on other sites More sharing options...
doulikefish Posted December 14, 2017 Share Posted December 14, 2017 Thats an extra 40p a week if you earn over 35k i think but im working it out on the fly. 0 Quote Link to comment Share on other sites More sharing options...
RiG Posted December 14, 2017 Share Posted December 14, 2017 A lot of folk moaning about the way that this is being reported as people earning more than £24,000 face a tax hike saying that that isn't true and it's only if you earn more than £33,000 (example below). I'm probably being really thick here but it looks pretty clear to me that if you earn more than £24,000 then you move into this new 21p bracket so you are paying more tax no? 0 Quote Link to comment Share on other sites More sharing options...
Kyle Posted December 14, 2017 Share Posted December 14, 2017 (edited) 4 minutes ago, RiG said: A lot of folk moaning about the way that this is being reported as people earning more than £24,000 face a tax hike saying that that isn't true and it's only if you earn more than £33,000 (example below). I'm probably being really thick here but it looks pretty clear to me that if you earn more than £24,000 then you move into this new 21p bracket so you are paying more tax no? It's only the amount over the 20% threshold that you pay 21% on. You'll get 19% on the first couple of grand, 20% up to that threshold and then 21% on the rest, which is what makes it cheaper. Unless I'm being a tadger (which is a distinct possibility). Edit: Link to table; https://twitter.com/BBCPhilipSim/status/941325214000078853 Edited December 14, 2017 by Kyle 2 Quote Link to comment Share on other sites More sharing options...
cal234ey Posted December 14, 2017 Share Posted December 14, 2017 A lot of folk moaning about the way that this is being reported as people earning more than £24,000 face a tax hike saying that that isn't true and it's only if you earn more than £33,000 (example below). I'm probably being really thick here but it looks pretty clear to me that if you earn more than £24,000 then you move into this new 21p bracket so you are paying more tax no? There’s a 19p bracket from £11,850-£13,850. So people will pay less tax on that part. I assume the £33,000 figure includes the increase in personal allowance to £11,850 but I haven’t checked. 1 Quote Link to comment Share on other sites More sharing options...
doulikefish Posted December 14, 2017 Share Posted December 14, 2017 It's only the amount over the 20% threshold that you pay 21% on. You'll get 19% on the first couple of grand, 20% up to that threshold and then 21% on the rest, which is what makes it cheaper. Unless I'm being a tadger (which is a distinct possibility). Thats my back of fag packet working out aswell 0 Quote Link to comment Share on other sites More sharing options...
RiG Posted December 14, 2017 Share Posted December 14, 2017 Just now, Kyle said: It's only the amount over the 20% threshold that you pay 21% on. You'll get 19% on the first couple of grand, 20% up to that threshold and then 21% on the rest, which is what makes it cheaper. Unless I'm being a tadger (which is a distinct possibility). Ah right I think I see what you are getting at. So if you earn £38,000 you pay 19% tax on the first £13,850, 20% on the rest up to £24,000 then 21p on anything up to £38,000? 0 Quote Link to comment Share on other sites More sharing options...
Kyle Posted December 14, 2017 Share Posted December 14, 2017 Just now, RiG said: Ah right I think I see what you are getting at. So if you earn £38,000 you pay 19% tax on the first £13,850, 20% on the rest up to £24,000 then 21p on anything up to £38,000? Give that man a coconut.... that's certainly my interpretation and the suggestion from people with a lot more knowledge than me on twitter. Judging by the speeches of Murdo and Leonard, the tax announcement certainly caught them on the hop. 0 Quote Link to comment Share on other sites More sharing options...
ICTChris Posted December 14, 2017 Share Posted December 14, 2017 Looking forward to moving to Switzerland. 0 Quote Link to comment Share on other sites More sharing options...
lionel hutz Posted December 14, 2017 Share Posted December 14, 2017 FFS some of the patter from folk, "I'm gonna leave the country cos I'm paying an extra £400 on tax a year" whilst they earn £90,000 Load of shite. 0 Quote Link to comment Share on other sites More sharing options...
btb Posted December 14, 2017 Share Posted December 14, 2017 (edited) Tax Threshold £11,850 as opposed to £11,500 south of the border - Saving £70 19p rate from £11,850 to £13,850 - Saving £20 21p rate above £24,000 - Cost £90 for those earning £33,000/year. *************** Anyone earning less than £33,000/year will be better off, those earning more will be worse off. Edited December 14, 2017 by btb 1 Quote Link to comment Share on other sites More sharing options...
ayrmad Posted December 14, 2017 Share Posted December 14, 2017 You've got to laugh at how selfish folk are, I want want want but I'm not paying a couple of quid to protect those things I want, I happily pay my local garage a few quid more a week for fuel to ensure I have a local garage. People really need to get a grip and realise the mess the great UK is in. 6 Quote Link to comment Share on other sites More sharing options...
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