Rachel Reeves says higher taxes on wealthy ‘part of the story’ for November budget

[Notch7]

Hum. Not sure I agree with you about this.

Let’s have some facts then

People on minimum wage don’t get paid dividends.

 

[Notch7]

Retired people relying on investments for income do.

Lower earners rely on the state pension

Retired people relying on investments aren’t low earners

 

[Knave of Hearts]

Yep, I reckon demand would plummet.

Yep, people wouldn't like to be identified by what benefits they are entitled to each time they go out into society.
Would you feel comfortable wearing some easily identifiable obvious feature that identifies you as a bigoted idiot?

 

[motorbiking]

Lower earners rely on the state pension

Retired people relying on investments aren’t low earners

You are welcome to compare the income tax rates with the dividend rates. You will see that those on the basic rate have the most to lose and those on the top rate of tax, have the least to lose.

Less than 1% for me makes no difference. For a retired person on the basic rate it is significant.

 

[Murdochcat]

People on minimum wage don’t get paid dividends.

You can’t state that as being 100% correct

A director of a Ltd company could pay themselves the minimum wage and the rest as dividends

 

[motorbiking]

Or someone with a small pot invested in junk bonds giving a high yield return as a retirement income.

 

[JohnD]

Junk bonds not dividends.

 

[motorbiking]

Junk bonds not dividends.

Junk bonds pay dividends silly.

 

[Notch7]

You can’t state that as being 100% correct

A director of a Ltd company could pay themselves the minimum wage and the rest as dividends

"could" doing a lot of heavy lifting

 

[Notch7]

You are welcome to compare the income tax rates with the dividend rates. You will see that those on the basic rate have the most to lose and those on the top rate of tax, have the least to lose

not true though

 

[motorbiking]

not true though

You’d argue black is white.

Tax on dividends

How you're taxed on dividend payments and how your income affects the amount of tax to pay

www.gov.uk

Now compare those with income tax rates.

 

[diy_fun_uk]

Let's face it, regardless of anyone's views on thumping the very top for more tax, it ain't gonna happen. It's another one of those things some politicians bang on about, however who on here truly thinks we're going to see any time soon the mega rich paying the 1% more, or whatever other initiative is proposed.

Talk talk talk talk re the mega rich paying more.
No action on that.
The masses asked to pay more.

That's generally the way it pans out.

I believe Reeves is going to get tough with the mega rich on tax as much as I believed Starmer when he said he was going to smash the gangs.

 

[aveatry]

Thanks Rachel

Pizza Hut to close 68 UK restaurants

The move will lead to more than 1,200 redundancies, but 64 other restaurants will be saved.

www.bbc.co.uk

 

[JohnD]

The chicken biker is pretending not to know the difference between a dividend and an interest payment.

HMRC knows.

So do I.

 

[Andydevon]

Oh dear if you weren't so desperate to score points then you would realise. Maybe time to go back to your usual MO regarding Israel, Zionism, Netanyahu and any other proxy word you can think of.