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Author The Budget
Whittie
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Registered: 11th Aug 06
Location: North Wales Drives: BMW, Corsa & Fiat
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22nd Apr 09 at 12:01   View User's Profile U2U Member Reply With Quote

Did I just hear correctly? 50% tax on £150,000 wages per year?

Neo
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Registered: 20th Feb 07
Location: Essex
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22nd Apr 09 at 12:02   View User's Profile U2U Member Reply With Quote

Will it affect you ?

And yeah i can beleive it, country needs all they can get.
Brett
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Registered: 16th Dec 02
Location: Manchester
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22nd Apr 09 at 12:03   View Garage View User's Profile U2U Member Reply With Quote

As long as I'm not earning £150k a year I'm all for it
Whittie
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Registered: 11th Aug 06
Location: North Wales Drives: BMW, Corsa & Fiat
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22nd Apr 09 at 12:04   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Neo
Will it affect you ?

And yeah i can beleive it, country needs all they can get.


No.

It's a hell of a sum to take but at the end of the day I know the country needs it.
Daimo B
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Registered: 20th Mar 00
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22nd Apr 09 at 12:06   View User's Profile U2U Member Reply With Quote

People earning £150k per year really won't be short on cash anyway will they.

Don't earn it, so go for it. Start charging the big earners and take their money instead of the common mans wages that he really needs.
dannymccann
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Registered: 9th Aug 06
Location: Doddington, Lincolnshire
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22nd Apr 09 at 12:06   View User's Profile U2U Member Reply With Quote

The bigger problem is the amount of companies that use perfectly legal loopholes to get around paying little or no corporation tax every year. Weve done it in our Tax module at uni and there are some scandalous abuses of what is supposed to be a watertight system, they would be better trying to plug these holes in legislation rather than hitting the tiny top % of individuals, thats just my opinion though
John
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Registered: 30th Jun 03
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22nd Apr 09 at 12:06   View User's Profile U2U Member Reply With Quote

Although i'm not on 150k and most likley won't have to worry about it for a long time, I totally disagree with taxing the rich.

Should be a flat rate tax no matter how you earn imo.
Matt L
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Registered: 17th Apr 06
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22nd Apr 09 at 12:06   View User's Profile U2U Member Reply With Quote

tbf it will affect all the footballers so couldnt care less they earn far too much as it is.

but for the people with real jobs who earn that much its a shame but again it isnt affecting me so doesnt bother me too much
Scotty_B
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Registered: 11th Jun 03
Location: East Kilbride
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22nd Apr 09 at 12:07   View User's Profile U2U Member Reply With Quote

If I earned £150,000 a year I ask for a wage decrease to £149,999.
Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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22nd Apr 09 at 12:08   View User's Profile U2U Member Reply With Quote

If I had the skills to earn £150k a year Id be taking them to another country.
Scotty_B
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Registered: 11th Jun 03
Location: East Kilbride
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22nd Apr 09 at 12:10   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Cosmo
If I had the skills to earn £150k a year Id be taking them to another country.


Boycey
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Registered: 30th Dec 07
Location: Buckhaven, Fife
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22nd Apr 09 at 12:10   View User's Profile U2U Member Reply With Quote

It wont be 50% on anyone earning £150,000. They will get taxed at 50% on anything that they earn AFTER the £150,000 which is a lot but tax the rich is obviously the fairest policy!
John
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Registered: 30th Jun 03
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22nd Apr 09 at 12:12   View User's Profile U2U Member Reply With Quote

How is it fairest?

Why is it more fair for them to be taxed than somebody on 15k?
Joe
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Registered: 20th Jun 04
Location: Hesketh Bank, Lancashire
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22nd Apr 09 at 12:12   View User's Profile U2U Member Reply With Quote

Taxing the rich isn't the fairest policy at all, fair means equal. That isn't equal.

Taxing the rich is just the easiest.

Doesn't affect me but I don't agree with it.
Boycey
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Registered: 30th Dec 07
Location: Buckhaven, Fife
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22nd Apr 09 at 12:13   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by CorSRi_BT
quote:
Originally posted by Cosmo
If I had the skills to earn £150k a year Id be taking them to another country.





You would do a Lewis Hamilton? Be brought up and trained in this country then as soon as you make a few quid piss off to some lower taxed country?
Cosmo
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Registered: 29th Mar 01
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22nd Apr 09 at 12:13   View User's Profile U2U Member Reply With Quote

Fairest way

Some people really are stupid.
Cosmo
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Registered: 29th Mar 01
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22nd Apr 09 at 12:14   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Boycey
quote:
Originally posted by CorSRi_BT
quote:
Originally posted by Cosmo
If I had the skills to earn £150k a year Id be taking them to another country.





You would do a Lewis Hamilton? Be brought up and trained in this country then as soon as you make a few quid piss off to some lower taxed country?


Yep.

Why should they take half my money just because I happen to be in a well paid job. Fuck that.
Scotty_B
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Registered: 11th Jun 03
Location: East Kilbride
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22nd Apr 09 at 12:16   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Boycey
quote:
Originally posted by CorSRi_BT
quote:
Originally posted by Cosmo
If I had the skills to earn £150k a year Id be taking them to another country.





You would do a Lewis Hamilton? Be brought up and trained in this country then as soon as you make a few quid piss off to some lower taxed country?


You need to look after number 1. i.e my family.

So yes I'd be off asap.
Boycey
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Registered: 30th Dec 07
Location: Buckhaven, Fife
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22nd Apr 09 at 12:16   View User's Profile U2U Member Reply With Quote

Like I said it would NOT be half your money rocket scientist!
John
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Registered: 30th Jun 03
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22nd Apr 09 at 12:17   View User's Profile U2U Member Reply With Quote

We know how tax brackets work, it's still not fair.
pow
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Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
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22nd Apr 09 at 12:19   View Garage View User's Profile U2U Member Reply With Quote

Its after 100k actually.
pow
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Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
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22nd Apr 09 at 12:19   View Garage View User's Profile U2U Member Reply With Quote

http://www.telegraph.co.uk/finance/financetopics/budget/5198167/Budget-2009-live-blog-the-latest-news-comments-and-analysis.html

Keep refreshing that page
Boycey
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Registered: 30th Dec 07
Location: Buckhaven, Fife
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22nd Apr 09 at 12:21   View User's Profile U2U Member Reply With Quote

Even better
Cosmo
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Registered: 29th Mar 01
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22nd Apr 09 at 12:22   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Boycey
Like I said it would NOT be half your money rocket scientist!


I know how tax works thanks
Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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22nd Apr 09 at 12:22   View User's Profile U2U Member Reply With Quote

You still havent said how its fair?

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