UK Govt Wants To Increase Tax Over 50%
 

Already the top tier means you pay 62% of your income to the government (50% income tax plus 12% national insurance).

Now theyre planning another rise of about 30% from one of the tiers. I dont know this will work but im sure it will mean that youre working for the government no matter what you do. :1orglaugh

http://www.dailymail.co.uk/news/arti...ncome-tax.html

USA is next...we are all doomed!

Correction. In particular those who live in the UK or the USA are doomed.

Totally rational, unbiased article. Way to summarize.

"The Tories launched a no-holds-barred personal onslaught against Gordon Brown last night, branding him a ‘liar’ who is unfit to be Prime Minister.

In a devastating attack, Shadow Chancellor George Osborne tossed aside the usual political niceties and fired off a full-scale character assassination of the Prime Minister."


P.S. Taxes kill people! Destroy all highways, schools, and beaches! And fucking teabag me because I'm not gay and I hate fags and mostly I just love teabagging. But I'm not gay. You can tell by how much I hate fags. And I love democracy! Until you elect a fucking nigg$r. Then democratic rule is fascism!

I knew even before I read the thread, by looking at the title, that it would be sourced from the Daily Mail.

Don't believe everything you read, especially from that paper. It's bigoted, xenophobic, racist, sexist, homophobic, alarmist, reactionary, and generally lacks any news at all.

:2 cents:

You can have your 2 cents back.

Its none of those things (apart from alarmist and maybe reactionary).

Oh in that case

:1orglaugh:1orglaugh:1orglaugh

I am changing my job title to "Shadow Chancellor" too.

:1orglaugh


That had to be the best DEFENSE of a publication I've ever seen. "It's just alarmist and reactionary". :1orglaugh :1orglaugh

I can't stop laughing about that one.

Well, its not cheap to pay for the living of all the arabs, africans and other immigrants. You should be happy the government will allow you to keep something from your income.

50% income tax now! Since when? It's only 40% at the moment.

does anybody do fact checking before posting retardation?

http://i.dailymail.co.uk/i/pix/2009/...91_468x106.jpg

If you look it doesn't say tax RATES would increase it says tax RECIEPTS would increase.

People like to exagerate. It's like when neo-cons brought up how in the 1960's the US had a tax rate as 90%. Making it sound as if some "poor" millionaire was paying 90% of his income in taxes. Um no the 90% tax rate only applied to income over $5 million. Which would be about $25-$30 mil in today's dollars. The number of people that made over $5 milion a year back then was around 1000.

http://i768.photobucket.com/albums/x...y-739470-1.jpg


.

You moos!! This is where cultural differences come in..... I wasnt defending the publication (i despise it), just cutting out the inaccuracies of your description.

You're right but a new top tier tax rate comes in from April 2010, which is 50%. Add to that national insurance at 12% and higher earners will be paying 62% to the government:

http://news.bbc.co.uk/1/hi/uk_politics/8011321.stm

However, now the government has realised its not enough (mainly because rich tend to get around them) and thus new measures are being considered that will probably aim a broader section of the population.

Both of these measures are not taking into account VAT which is also set to increase!!

Try living in denmark.

I have a about 67% tax on income (40ish incometax + 25% salestax). If I made 21k more a year, I would hit the taxroof of 68% as well

Quote:
"Denmark has the highest income tax rate, with its top-taxed citizens paying 68% of their hard-earned crowns. The basic tax rate begins at 42%."

"Conservatives claimed to have obtained another leaked Treasury document which they said showed that the Government is secretly planning a 3p rise in income tax which would cost the average family an extra £53 a week."

http://www.dailymail.co.uk/news/arti...ncome-tax.html

Some people do check facts before posting retardation, although you're probably an exception.

Well I already knew that bit, I guess I took you literally and thought you thought it was 50% now. 10% is a huge difference to a tax return you know :)

That sucks...and I thought me paying 19% is too much, since governments are wasting money like they didn't know how hard it is to earn.

Taxing mad thread

don't forget about the CO2 tax that is coming.... a tax on "breathing"...

Free health care is not free.:2 cents:

:2 cents::2 cents:

UK Fox "News"?

UK isn't Europe...just like CA isn't USA.