Tax Tax Tax

[JP226]

http://www.breitbart.com/article.php...show_article=1

The Brits are at it again:

The government will increase its top rate of income tax to a higher than expected 50 percent from next year, Chancellor Alistair Darling said on Wednesday as he delivered the government's annual budget.
The tax band had originally been due to rise to 45 percent from 40 percent in April 2011 as Britain seeks to claw back lost tax revenue caused by a deep recession.

The 50-percent rate will apply to any income above 150,000 pounds.

"In November, I announced a new rate of income tax of 45 percent on incomes above 150,000 pounds -- the top one percent of taxpayers," Darling said in his budget speech.

"In order to help pay for additional support for people now, I have decided that the new rate will be 50 percent and will come in from next April -- a year earlier."

Why stop at fifty, let's crank this thing back up to 98%. There comes a point where an extra 10k may only cost you 5k, but an extra $1m costing an extra 500k may just not be worth it. You can always retire or move to another country at that point. And as I see that the cap gains rates are roughly equivalent to the income rates are those going up as well? Investment already costs, it seems, 40% how long before that one gets jacked up?

[Heinz Guderian]

http://www.breitbart.com/article.php...show_article=1

The Brits are at it again:



Why stop at fifty, let's crank this thing back up to 98%. Imagine being the guy who's making 149,000 versus the guy making 150. After all these wasted tax dollars, why not screw up investment next?

A guy making 160,000 would only be taxed at 50% for that 10,000 over the 150,000 threshhold. If you earn 150,001, you get taxed that one extra pound at 50%.

[The Devil's Sergeant]

Every point and laugh at the wealth envy crowd slitting their own throats.

[Phier]

2050, the year welfare states implode.

[removeduser_487563287433]

http://www.breitbart.com/article.php...show_article=1

The Brits are at it again:



Why stop at fifty, let's crank this thing back up to 98%. Imagine being the guy who's making 149,000 versus the guy making 150. After all these wasted tax dollars, why not screw up investment next?

Woe to the people earning more than £150,000. This tax increase comes to no surprise to anybody with any vague idea of the current situation and is of course the inevitable conclusion of a Labour Government. Still, its not going to be an issue fought over in the coming election. Non-issue.

[LoZz]

http://www.breitbart.com/article.php...show_article=1

The Brits are at it again:



Why stop at fifty, let's crank this thing back up to 98%. Imagine being the guy who's making 149,000 versus the guy making 150. After all these wasted tax dollars, why not screw up investment next?

what "brits" are this? me? i certainly think its a fubar idea. try "labour government at it again" and you would have a more accurate statement.


in reguards to the budget, what choices do we really have? this budget was going to suck no matter what. and there are some positives such as an increase in the state pension and more child tax credits. though i think that car scraping thing is just a waste of money.

[The Devil's Sergeant]

what "brits" are this? me? i certainly think its a fubar government. try "labour government at it again" and you would have a more accurate statement.


in reguards to the budget, what choices do we really have? this budget was going to suck no matter what. and there are some positives such as an increase in the state pension and more child tax credits. though i think that car scraping thing is just a waste of money.

You could always do the moral and ethical thing and drop the NHS and all other social welfare programs.

[LoZz]

You could always do the moral and ethical thing and drop the NHS and all other social welfare programs.

we actually give a about our fellow countrymen. Health care is also a human right.
But certainly given the current economic situations cut backs in the welfare state are indeed a good idea.

[The Devil's Sergeant]

we actually give a about our fellow countrymen. Health care is also a human right.

Working out really there for you isn't it? Running up deficits that would make Obama wince. If you really cared about people you have an NHS. Its a system that systematically denies people care. But enough off topic stuff.

But certainly given the current economic situations cut backs in the welfare state are indeed a good idea.

Heartless bastard.

[Ketchup]

Working out really there for you isn't it?

Well, British healthcare is better than US healthcare if that's what you mean.

[LoZz]

Working out really there for you isn't it? Running up deficits that would make Obama wince. If you really cared about people you have an NHS. Its a system that systematically denies people care. But enough off topic stuff.

:

because the american economy is a becon of growth and doesnt have a massive debt ether? It also doesn't deny people care. It hasnt, and never will. You may have read properganda stateing otherwise but it doesn't.

[Bovril]

Working out really there for you isn't it? Running up deficits that would make Obama wince. If you really cared about people you have an NHS. Its a system that systematically denies people care. But enough off topic stuff.

I agree. Let's switch to the US system, which according to the World Health Organisation is the most expensive in the world and has some of the worst outcomes in the industiralised world.
(oh look, a fact!)

Besides, its not like you can't get private health care in the UK, plenty of people do.

How can healthcare be a human right in England when if a person pays for private care they are not allowed back into the NHS system?

Where did you hear that? I have switched between the private and public systems on several occasions, and know lots of people who have done the same for everything from GPs to psychiatrists to chiropodists to endochrenologists. And you can easily get refered from one system to another. What crazy blogs have you been reading?

[Hotspur]

Health care is also a human right.

Poppycock.

Also, 150,000 pounds is (currently) $217,440 USD.

[Mikelus Trento]

Health care is also a human right.

Could you provide a link for that please.

Thank you.

[justicar5]

Could you provide a link for that please.

Thank you.

The Universal Declaration of Human Rights, adopted by the United Nations in 1948, proclaimed that “everyone has the right to a standard of living adequate for the health and well-being of oneself and one’s family, including food, clothing, housing, and medical care.”

@Rome what 'failures' imposed by the Cinton administration? I keep asking for sources on this but no one has so far.

[Ketchup]

You could always do the moral and ethical thing and drop the NHS and all other social welfare programs.

I can't believe this. You think providing health care for a fellow human is 'immoral' and 'unethical'? You would rather leave someone dying in the street from a gunshot wound just because they are not as rich as you and can't afford private insurance?

[justicar5]

You could always do the moral and ethical thing and drop the NHS and all other social welfare programs.

Immoral and Unethical you mean. Most if not all people in the UK want those things, the party that even suggested getting rid of them would never get elected again. We do not want to be like the US.

[Carach]

You could always do the moral and ethical thing and drop the NHS and all other social welfare programs.

how is getting rid of an unbias national health service going to be moral and ethical?

the nhs, despite its criticisms and shortcomings, is something i am proud of here in the UK.

Labour is against the poor.

thats been the case for some time, its only becoming more clear....and tbh id say its more like "labour is against everyone but the super rich"

[Каие]

the nhs, despite its criticisms and shortcomings, is something i am proud of here in the UK.

hear, hear.

thats been the case for some time, its only becoming more clear....and tbh id say its more like "labour is against everyone but the super rich"

Updated as of 23rd April.

God ing willing I will get to start answering them.

They're going to be some long letters....

[Carach]

Updated as of 23rd April.

lol..

to conclude: Labour's played a pretty major role in furthering this country's massive decline. (to put it nicely)