Colin Davies
"Sit vis nobiscum."
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Quoting: John (scouse) Hirons
Alright Colin, If you think I’ve been unfair how would you have couched the questions & still stated the facts of the case?
1)Do you think it’s right that in one of the worlds richest countries that people, through no fault of their own, should have to get charitable food handouts to feed their families?
2)Do you think it’s right when people are being forced into poverty by deliberate government policy that the richest in the land should be given, by the same Government, an extra 5p in the pound?
3)Do you honestly believe that "we’re all in it together"?
No problem with Q3
Q1. if i were to ask the question at all, I may like to add, "When we are giving billions of pounds in aid to countries that have nuclear weapons programs and Billion dollar space programs, and some of the population of those countries have stated that they are happy to bring death and destruction here!" (and to other countries.)
Q2. The facts of the case have not been stated, the government are not giving the richest in the land an extra 5p in the pound.
I’m assuming that you are referring to the lowering of the Additional Rate tax paid on earnings by 5p for those earning over £150,000. That is not the Goverment giving 5p in the pound, that is the revenue taking 5p in the pound less over the 50% additional rate threshold.
As an example a person earning £200000:
At that rate of pay, the person gets NO tax free allowance; so 100% of income is taxable.
Basic Rate tax will be £6,874 at 20%
Higher Rate tax will be £46,252 at 40%
Top Rate tax will be £25,000 at 50%
National Insurance £7,337
Total Deductions £85,463
The reduction in Top Rate tax to 45% will mean that the top rate will reduce to £23,750 a reduction of £1,250.
So as I said before the Govenment is NOT giving the richest in the land 5p in the £ extra. it is taking 5p in the £ less on income over £150000.
So I may have phrased the question, "Is it right, that the government is reducing the 50% Top Rate of tax to 45% for those earning over £150000."
And the answer to that question would still be, no.
But probably for a completely different reason than you would give
If nothing else that has been an interesting excercise, I don’t normally deal with sums of that size | | Report Post |
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