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Off Topic 99 days till the general election

Discussion in 'Sunderland' started by C19RK73, Jan 28, 2015.

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Voting

Poll closed May 7, 2015.

  1. Conservatives

    11 vote(s)
    30.6%

  2. Labour

    9 vote(s)
    25.0%

  3. Lib dems

    1 vote(s)
    2.8%

  4. Ukip

    5 vote(s)
    13.9%

  5. None of the above

    10 vote(s)
    27.8%
Page 2 of 5
  1. Tel (they/them)

    Tel (they/them) Sucky’s Bailiff

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    Unless he's stockpiling cash, ever pound he spends mate, 20p goes to the government. That's a tax too. VAT.
     
    #21
    Tel (they/them), Jan 28, 2015
  2. Sunderpitt

    Sunderpitt Well-Known Member

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    #22
    Sunderpitt, Jan 28, 2015
  3. Deleted #

    Deleted # Well-Known Member

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    It's between UKIP and the Conservatives, I haven't decided which one yet.
     
    #23
    Deleted #, Jan 28, 2015
  4. Deleted #

    Deleted # Well-Known Member

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    Or self-employed, then receipts cancels the tax out.
     
    #24
    Deleted #, Jan 28, 2015
  5. Sidthemackem

    Sidthemackem Newcastle United 0-1 Cambridge United
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    The rich actually pay plenty. This notion that clever accountants get them out of paying tax is a bit of an urban myth. The very rich can avoid paying tax by not spending much time here and exploiting the fact that they can avoid being resident. The very well off are not as mobile and get screwed big time.

    Labour will only get in on the back of the lie that the NHS is safe in their hands. After what Brown did with the PFI that's a bloody bad joke, especially with Ed Balls-up still on their ticket.

    That said, the Tories are bunch of utter kernts as well. What's a chap to do...?
     
    #25
    Sidthemackem, Jan 28, 2015
  6. MrRAWhite

    MrRAWhite Well-Known Member

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    Not a myth at all...It is a fact that the vast majority of the rich do not pay the designated income tax, and successive governments keep promising to do some thing about it, but in reality nothing ever changes..
     
    #26
    MrRAWhite, Jan 28, 2015
  7. C19RK73

    C19RK73 Red & White army!

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    183 days out of the country is all it takes be it business or pleasure
     
    #27
    C19RK73, Jan 28, 2015
  8. Sidthemackem

    Sidthemackem Newcastle United 0-1 Cambridge United
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    Question: man makes £100,000 salary and gets a £20,000 bonus. What tax does he pay on it?

    a) 40%
    b) 45%
    c) 57%
    d) 62%

    Simple enough if you've worked in tax for over 30 years and don't listen to all the bollox :)
     
    #28
    Sidthemackem, Jan 28, 2015
  9. MrRAWhite

    MrRAWhite Well-Known Member

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    Depends on his accountant I suppose. However, the ones who are bypassing the tax system are generally earning a hell of a lot more than this..
    PS..I would imagine that salary is within the 40% tax bracket..
     
    #29
    MrRAWhite, Jan 28, 2015
  10. C19RK73

    C19RK73 Red & White army!

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    B
     
    #30
    C19RK73, Jan 29, 2015

  11. Sidthemackem

    Sidthemackem Newcastle United 0-1 Cambridge United
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    The answer's d)

    40% top whack plus a further 20% as you lose £1 of personal allowance for every £2 you go over £100k income. The extra 2%'s national insurance contributions.
     
    #31
    Sidthemackem, Jan 29, 2015
  12. MrRAWhite

    MrRAWhite Well-Known Member

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    This is if all was fair in love and war, but the fact is that the very wealthy, which I class as far higher than your example by the way, manage to claim tax back on things that we wouldn't dream of..
     
    #32
    MrRAWhite, Jan 29, 2015
  13. Sidthemackem

    Sidthemackem Newcastle United 0-1 Cambridge United
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    Sadly, you can blame Denis Healey. He tried to tax the rich "until their pips squeaked" and immediately sparked the tax avoidance industry. Clobber people with a 98% top rate on investment income and 83% on earnings and they try to do something about it. Either that or bugger off somewhere else with their loot. The daft thing is that it has been shown time and time again that if you lower the headline tax rate the tax yield goes up, as there's no point in avoiding it. The Russians have a flat of 13% and zero tax avoidance. Mind you, the fact that their tax collectors get training on Kalashnikovs probably helps!
     
    #33
    Sidthemackem, Jan 29, 2015
  14. MrRAWhite

    MrRAWhite Well-Known Member

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    I dare bet that the oligarchs who hold sway in Russia don't pay the required tax rate for what they actually earn..
     
    #34
    MrRAWhite, Jan 29, 2015
  15. C19RK73

    C19RK73 Red & White army!

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    **** financial consultant me
     
    #35
    C19RK73, Jan 29, 2015
  16. BalesBalls

    BalesBalls Active Member

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    Your wrong, its much more complicated then that
     
    #36
    BalesBalls, Jan 29, 2015
  17. C19RK73

    C19RK73 Red & White army!

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    #37
    C19RK73, Jan 29, 2015
  18. Tel (they/them)

    Tel (they/them) Sucky’s Bailiff

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    You're wrong. <ok>
     
    #38
    Tel (they/them), Jan 29, 2015
    Poyet's Eleven likes this.
  19. BalesBalls

    BalesBalls Active Member

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    I spend more then 183 days out of the UK, you still pay tax on earnings in the UK, there's a sliding scale of tax benefits , plus other **** like if you spend more time out then in the country your house can be seen as a holiday home, and you pay tax on the sale, and other **** etc etc
     
    #39
    BalesBalls, Jan 29, 2015
  20. C19RK73

    C19RK73 Red & White army!

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    I know but thats you're starting point
     
    #40
    C19RK73, Jan 29, 2015
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