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Author Topic: The Grumpy Old Rant Room  (Read 150226 times)
Baziron
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« Reply #2745 on: 19:14:24, 17-08-2007 »

With regard to Labour's attitude to taxing poorer people, just spend some time thinking through Brown's so-called "abolition" of the 10p income tax rate - what it REALLY means is a tax INCREASE of 10% on the first level of taxable income. Those, therefore, with an income of less than £18,000 will be seriously clobbered, while other higher earners will notice an immediate drop in their tax bill (since most of their earnings will now be taxed at 20% instead of 22%).

Politics is not about morality - it's about raking in as much taxation as the politicians can get away with. They have no interest at all in morality.

Baz

Well, Baz, I agree with the above. A Labour supporter tried to convince me recently that we all pay less tax now than we did 10 years ago but I wasn't convinced, what with council tax especially...

And you rightly should not have been convinced - it's complete nonesense. How can we be paying less tax after more than 100 new taxes have been imposed since 1997? It's rubbish and mere propaganda.

Quote
Of course the rich pay larger quantities in tax but I was thinking of the widow's mite. The poor pay a larger proportion of their money in tax. And there is not always a direct correlation between how hard one has worked and the amount of money one ends up with.
You say this as though, somehow, their OUGHT to be "a direct correlation between how hard one has worked and the amount of money one ends up with." This has never been the case. One is paid according to seniority, rank, social status, formal qualifications etc. This has nothing to do at all with "how hard" one works (has it?).

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Just one thought, perhaps a naive one, but is it possible to decline an inheritance and thereby avoid the tax?

Surely this would be the ultimate sacrifice?! You would merely be saying to the tax man "40% of what remains after the first £300,000 is not enough for you - please take IT ALL."

Baz (the politicians' Anti-Christ)
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trained-pianist
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« Reply #2746 on: 19:38:38, 17-08-2007 »

If one uses less one needs less money. I tried to consume less things I need less money. I have to eat and I have to have cloths. I try to buy things cheaper and on sale and not hundred pairs. The most important thing is not to get into buying the newest gadget and the newest models. However, if everybody would think this way industry would stop and people would not have jobs. I tell myself that I am helping society by buying.
If I don't have money to travel I can enjoy things here. After all so many people want to come here and to see what I see every day.
However some times I forget this and complain. My grandmother used to tell me that some women cry that they don't have enough pearls in their necklaces and other cry that they don't have food to feed their children.
I find that my friends try to push me into buying things because they are showing off their new things. May be I feel that if I don't participate in endless chasing after new things they don't respect me.
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Tony Watson
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« Reply #2747 on: 20:13:47, 17-08-2007 »

Quote
Of course the rich pay larger quantities in tax but I was thinking of the widow's mite. The poor pay a larger proportion of their money in tax. And there is not always a direct correlation between how hard one has worked and the amount of money one ends up with.
You say this as though, somehow, their OUGHT to be "a direct correlation between how hard one has worked and the amount of money one ends up with." This has never been the case. One is paid according to seniority, rank, social status, formal qualifications etc. This has nothing to do at all with "how hard" one works (has it?).

You make my point better than I did here. We're talking about people who earn enough to pay tax at the higher rate of 40% or who are going to inherit about £300,000 or more and pay tax on it. These people often say how unfair that is because it is the fruits of hard work. In some case yes, but not always. One doesn't have to take a job that comes with a big salary.

And the point about avoiding the inheritance...

All I can say is how glad I am that I will never inherit that much because people here have made it sound like a terrible experience.
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Baziron
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« Reply #2748 on: 20:16:40, 17-08-2007 »

If one uses less one needs less money. I tried to consume less things I need less money. I have to eat and I have to have cloths. I try to buy things cheaper and on sale and not hundred pairs. The most important thing is not to get into buying the newest gadget and the newest models...

One way you could earn more money without needing to work as hard is this: become John Redwood's Political Advisor as he produces more policy documents for the Tories. What you have written above is worth all John Redwood's ideas + all the other ideas of both the Tories and Labour - all multiplied by 10!

Unfortunately you are (as Sir Humphrey said) "ignoring centuries of tradition". British governments have always held tradition very strongly, as follows: a) sod the British people, and b) sod everyone else at the same time.

Baz (the politician's Anti-Christ)
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Baziron
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« Reply #2749 on: 20:30:38, 17-08-2007 »

...We're talking about people who earn enough to pay tax at the higher rate of 40% or who are going to inherit about £300,000 or more and pay tax on it. These people often say how unfair that is because it is the fruits of hard work...

But I'm not talking about these people! I'm talking about 3 of my own 4 children (the 4th still at school) all of whom earn less than £18000. They are, therefore, not high earners, and they do not pay 40% tax on their earnings.

More importantly, each of them will find next year that their tax bill increases because the 10% threshold has been doubled to 20% (not "abolished" as Brown cynically stated in his last budget).

They will also find - when I eventually pop off - that all I have saved and scrimped for in order to pass on to them the best legacy I can will be gratuitously top-sliced by the Chancellor to the tune of 40% above 2/3 the current assumed value of my house. I do not consider this to be fair on them, and I rightly think they too will consider it grossly unfair.

They will immediately have to sell off my house (and many of the belongings I should have liked to pass over to them) in order to settle a blatantly (in moral terms) absurd tax imposition upon them - one that in previous generations only existed with regard to the Landed Gentry.

Baz (the politicians' Anti-Christ)
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Tony Watson
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« Reply #2750 on: 22:01:32, 17-08-2007 »

Yes, I don't know why there hasn't been much of a fuss about what Brown has done regarding the 10% threshold. Imagine if a Tory chancellor had done that. The low earners don't have much of a voice in politics these days and Brown gets an easy ride.

But no one deny's that the inheritance tax now catches far more people, and less well off people, than it was originally designed for. I think it needs adjusting rather than abolishing altogether. And I'm probably just not used to big city house prices, especially London ones. My house is a four-bedroomed detached with two bathrooms and I would do well to get £200,000 for it. £300,000 would get you something very nice indeed where I am but not so great that you would be part of the landed gentry.
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Jonathan
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Still Lisztening...


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« Reply #2751 on: 22:06:07, 17-08-2007 »

Rant - trying to burn mp3s to a disc using i-tunes and the computer froze mid-disc,  Very annoying and another coaster has been created.
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Best regards,
Jonathan
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"as the housefly of destiny collides with the windscreen of fate..."
eruanto
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« Reply #2752 on: 23:03:49, 17-08-2007 »

Just finished another spat with the bl**dy tvstick. The support centre insists that using it should have no effect on being able to use the internet, but not a jip once the software is installed.

I think I might return it.... Angry
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Andy D
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« Reply #2753 on: 15:20:24, 19-08-2007 »

 Embarrassed
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Mary Chambers
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« Reply #2754 on: 16:56:59, 19-08-2007 »

Embarrassed

It's a bit much, isn't it? I'd really have liked to do some weeding - the weeds spring up overnight when it's so wet - but it's raining and cold.
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Morticia
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« Reply #2755 on: 17:08:01, 19-08-2007 »

Major grump. My CD player has died Cry Angry Bugler bugler bugler. Yes, I could use my DVD player but the sound quality just doesn`t compare. Grump grump.
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Milly Jones
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« Reply #2756 on: 18:01:15, 19-08-2007 »

I've just put the heating on.  Sad

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We pass this way but once.  This is not a rehearsal!
Don Basilio
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Era solo un mio sospetto


« Reply #2757 on: 18:46:38, 19-08-2007 »

But on the other hand I haven't had to water the back yard every day.  In fact not once this summer that I can remember...
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harmonyharmony
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« Reply #2758 on: 22:50:40, 19-08-2007 »

My computer's just (well tonight) developed this strange line at about the golden section ratio from the bottom of the screen. I've turned it off and on again so it looks like it's a fyscal problem not a softwear problem. I lack grunt.
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'is this all we can do?'
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Ron Dough
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« Reply #2759 on: 22:59:00, 19-08-2007 »

.... I've turned it off and on again so it looks like it's a fyscal problem not a softwear problem. I lack grunt.

hh, you're morphing into t-p!
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