AND HERE WE GO - THE 2019 GENERAL ELECTION THREAD

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DRW said:
For WHO ? its not that easy.

If you are a PAYE person, the vast majority probably not much difference.

If you are an owner of a small Ltd business or employ someone or a Limited company or a charity employing people or the like, massive changes and additional costs. Like massive, I would probably go on to say possible game changing amounts for those affect, which will lead to less business and less jobs IMHO.

Time will tell.
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I agree entirely. I've yet to meet anyone who is quite happy to pay more income tax , and its not so bad for someone earning £85k but for someone on £100k?

Also, company owners who've often relied on dividends look like they'll pay tax on all of it plus be forced to give away shares to workers and somehow cope with a hefty rise in minimum wages - all of which will be passed on to consumers so its likely the increased minimum wage will be gobbled up by a higher cost of living
 
Tashyboy said:
So who do you vote for.


Tories and the Buffon that is Boris.
Labour and the Clown that is Jezza.
lib dems and the party that ignores democracy.
Brexit and the Clown that is Farage.
SNP and Mr Salmond

Spoilt for choice don't spring to mind.
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That would be hard, he stepped down as SNP leader in 2014 and lost his seat as an MP in 2017, so not sure what he's got to do with anything... do try and keep up old boy;)
 
DRW said:
For WHO ? its not that easy.

If you are a PAYE person, the vast majority probably not much difference.

If you are an owner of a small Ltd business or employ someone or a Limited company or a charity employing people or the like, massive changes and additional costs. Like massive, I would probably go on to say possible game changing amounts for those affect, which will lead to less business and less jobs IMHO.

Time will tell.
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We have to keep it high level where we have a multitude of benefits the complexity will just lose the clarity of raw impact.

We are also missing a few points as well. If we have people employed they drive money into the economy. That money feeds these businesses we keep mentioning. But if we have a catastrophic Brexit that money disappears and these businesses disappear and their tax contribution becomes non existent ... so really all of this is hypothetical and we need to make a decision about Brexit.
 
SwingsitlikeHogan said:
It doesn't really matter that you know that the DE is nonsense (btw - does that make it's readers stupid to believe what they read?) What we see at a glance is a huge headline blasting out £80Bn RAID ON YOUR WALLETS

You might not even notice which newspaper it is - but you notice the headline. And they stick.
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If you think that you have a low opinion of Joe Averages IQ. 9th out of the top 10 newspapers, why are you reading it.
 
DRW said:
Not sure I have ever called anyone an idiot, as it is not a phrase I like tbh and I don't view anyone as an idiot, everyone is equal in my eyes :rolleyes::rolleyes:

Anyway I am done here , as £4.81 you stated is just a nonsense statement, as I have shown in my replies.
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Come on make your mind up, in post #1609 it’s a sweeping statement, now it’s a nonsense statement.
How about for clarification you tell us how much extra a paye taxpayer on £85,000.00pa will pay under Labours plans?
I’m sure SILH would also like to see how he got his figures in post #1610 wrong also.
 
chrisd said:
I agree entirely. I've yet to meet anyone who is quite happy to pay more income tax , and its not so bad for someone earning £85k but for someone on £100k?

Also, company owners who've often relied on dividends look like they'll pay tax on all of it plus be forced to give away shares to workers and somehow cope with a hefty rise in minimum wages - all of which will be passed on to consumers so its likely the increased minimum wage will be gobbled up by a higher cost of living
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A lot of SME’s are reliant on customers needing their services.. if those customers disappear so will those businesses. The minimum wage increases may affect you directly in your out goings but there is no discussion here about the positive impact they could have on the demand for your services.
Remember running your own business is a risk, success bring great rewards and failure only hurts your debtors .. I knew a plumber who bankrupted himself 7 times and renamed his business the next day. I don’t know if that is legal or not but that’s what happened.
 
Labour’s spending needs to raise an extra £83bn each year for all their manifesto pledges paid for by companies and the top 5% only. Top 5% generate 50% of all income tax.

Tax receipts for 2018/2019 have been the highest ever with a total of £191bn raised from income tax, therefore £95bn raised by the top 5% and corp tax raised £57bn. Total raised by those 2 groups £152 bn. That are going to have to be some extraordinary changes if this group will generate £82bn on top of the £152bn they already generate
 
chrisd said:
I agree entirely. I've yet to meet anyone who is quite happy to pay more income tax , and its not so bad for someone earning £85k but for someone on £100k?

Also, company owners who've often relied on dividends look like they'll pay tax on all of it plus be forced to give away shares to workers and somehow cope with a hefty rise in minimum wages - all of which will be passed on to consumers so its likely the increased minimum wage will be gobbled up by a higher cost of living
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I am happy to pay more income tax - and someone on £100k paying extra £20/week? - come off it...
 
Del_Boy said:
Labour’s spending needs to raise an extra £83bn each year for all their manifesto pledges paid for by companies and the top 5% only. Top 5% generate 50% of all income tax.

Tax receipts for 2018/2019 have been the highest ever with a total of £191bn raised from income tax, therefore £95bn raised by the top 5% and corp tax raised £57bn. Total raised by those 2 groups £152 bn. That are going to have to be some extraordinary changes if this group will generate £82bn on top of the £152bn they already generate
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Quite possibly so.
 
harpo_72 said:
Remember running your own business is a risk, success bring great rewards and failure only hurts your debtors
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That's a very sweeping statement. I knew/know many businesses who's owners dont achieve 'great rewards' they just jog along happy to work for themselves and failures hurt the employees, owners , customers as well as debtors who are often taken down too in a domino effect
 
SwingsitlikeHogan said:
I am happy to pay more income tax - and someone on £100k paying extra £20/week? - come off it...
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You may be happier to pay more income tax but I'm not...

I run gyms but under self employed contracted to the main company role, essentially they employ my company to better run theirs, I am in no way near the top 5% bracket. However under the proposals I'm going to be hugely affected by the tax changes that means my family will be hugely affected and things are going to have to be cut down on that will directly impact the happiness of my children. I could if I choose go into direct PAYE with the company that contracts me but their rate of pay would mean a pay cut and impact my family again negatively.

Admittedly at Moment I'm undergoing a change of career roles but which should hopefully negate all this but if that doesn't come off and I have to remain doing what I do the tax changes are going cause me massive issues and that's from a working class family supposedly meant to be better off under a socialist government.
 
Already about 50% of startup businesses fail with 2/3 years - many small businesses are mature people with redundancy payments or pension sums. more tax will either stop them starting or lead to early failure.

I wonder what DfT's daughter (who I think has her own business) thinks.
 
SwingsitlikeHogan said:
You said:

I've yet to meet anyone who is quite happy to pay more income tax

Well now you know one who would be happy...and I have to say that I find it sad that none of your family, friends or acquaintances would.
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Quite honestly I dont give, in the words of the traitor Bercow, a flying flamingo, if you find it sad or not. Paying taxes is a duty - not a desire!
 
SwingsitlikeHogan said:
I am happy to pay more income tax - and someone on £100k paying extra £20/week? - come off it...
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I wouldn't object to paying a bit more if I could see it being spent wisely; unfortunately if Labour has control of the piggy bank that is not going to happen based on their plans.
 
Wolf said:
You may be happier to pay more income tax but I'm not...

I run gyms but under self employed contracted to the main company role, essentially they employ my company to better run theirs, I am in no way near the top 5% bracket. However under the proposals I'm going to be hugely affected by the tax changes that means my family will be hugely affected and things are going to have to be cut down on that will directly impact the happiness of my children. I could if I choose go into direct PAYE with the company that contracts me but their rate of pay would mean a pay cut and impact my family again negatively.

Admittedly at Moment I'm undergoing a change of career roles but which should hopefully negate all this but if that doesn't come off and I have to remain doing what I do the tax changes are going cause me massive issues and that's from a working class family supposedly meant to be better off under a socialist government.
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I am simply saying that whereas others such as yourself wouldn't be happy to pay additional income tax - I - and plenty others that I know - would be happy.
 
harpo_72 said:
. But if we have a catastrophic Brexit that money disappears and these businesses disappear and their tax contribution becomes non existent ... so really all of this is hypothetical and we need to make a decision about Brexit.
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'Catastrophic Brexit'. That term is so overused and sensationalist. Maybe we will maybe we wont, maybe we will have a Catastrophic remain, or a crash in remain or a cliff edge remain or maybe we wont. Why would all this money disappear if we leave the EU, we will still have demand for products and services and business will want to provide it, other countries will want to sell into our large economy and we will want to sell into theirs.
 
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