Budget

[JohnD]

I see small companies in the construction industry not taking on apprentices and terminating others

How many years did it take you to notice?

 

[transam]

How many years did it take you to notice?

Took me a few hours since the budget today Going by others comments in the trade with ref to todays budget

 

[Notch7]

I see small companies in the construction industry not taking on apprentices and terminating others

Already rumblings in the trade ???

Small companies stopped employing people when the pension schemes started.

Almost all small companies have no employees just subbies on CIS

employment allowance will rise from £5,000 to £10,500, This will allow a small business to employ the equivalent of four full-time workers on the national living wage without paying any national insurance on their wages.

 

[Notch7]

And how much of that goes directly back to the government coffers due the NI threshold reduction AND increase

It does employ 1.6 million staff

So why couldn’t Tories agree the pay rise for junior Doctors…..according to you it wouldn’t cost anything.

 

[Murdochcat]

So why couldn’t Tories agree the pay rise for junior Doctors…..according to you it wouldn’t cost anything.

Answer my question, your answer is irrelevant

 

[aveatry]

This is turning into a populist government.

 

[securespark]

And you don't like it!

 

[Justin Passing]

I don't remember hearing the word "growth".

She's taxing the business owner, though he/she is the type to produce more growth.
As several (including the OBR I think) have pointed out, this will make the country worse off in a few years' time - and that's assuming things go as well as she hopes.
She's also making investing in businesses, less attractive. There's alkso a n ffect on the bonds they use to raise money through the carry interest.

It's like, the country needs food so the farmers get taxed more.
In fact farmers may well pack it in and sell to a rape seed megafarmer because they won't be able to pass the farm on to the family due to inheritance tax increases. So the megafarmer gets richer.

 

[blup]

Populist policies are bad then

Often, yes, because there is a hidden agenda behind them.

 

[blup]

It's like, the country needs food so the farmers get taxed more.
In fact farmers may well pack it in and sell to a rape seed megafarmer because they won't be able to pass the farm on to the family due to inheritance tax increases. So the megafarmer gets richer.

The Chancellor needs money to invest in services, simple as that. Farmers vote torey, and most voted brexhit which hugely increased food bills and massively reduced exports. The Cons did virtually sod all to help farmers after brexhit telling them to diversify, and pointing to the power of market forces. If I was a farmer, I would hang on to my land at all costs, maximise the IHT exemptions, and hope for sons, or sons in law.

 

[motorbiking]

Wiki
There may be taxes in addition to the tax rates shown in the above table.

• Taxpayers earning income above certain thresholds ($200,000 for singles and heads of household, $250,000 for married couples filing jointly and qualifying widowers with dependent children, and $125,000 for married couples filing separately) pay an additional 3.8% tax, known as the Affordable Care Act tax provisions#net investment income tax, on investment income above their threshold, with additional limitations.[3][4] Therefore, the top federal tax rate on long-term capital gains is 23.8%.
• State and local taxes often apply to capital gains. In a state whose tax is stated as a percentage of the federal tax liability, the percentage is easy to calculate. Some states structure their taxes differently. In this case, the treatment of long-term and short-term gains does not necessarily correspond to the federal treatment.

An MBK whoops????

Nope

From the US IRS…
Net capital gains are taxed at different rates depending on overall taxable income, although some or all net capital gain may be taxed at 0%. For taxable years beginning in 2023, the tax rate on most net capital gain is no higher than 15% for most individuals

Topic no. 409, Capital gains and losses | Internal Revenue Service

IRS Tax Topic on capital gains tax rates, and additional information on capital gains and losses.

www.irs.gov

Reeves’ pants are still on fire.

 

[festive]

I dont understand why we should give 20 or 40% of our inheritance of property or land to the taxman only a small percent of that money will be spent efficiently believe me I know. You're way better off letting people with money keep money it will be far better invested and spent.

 

[motorbiking]

Motorbiking thinks that "low paid" means something quite different.

I've always thought that getting lots of money, or making lots of profit, and paying some tax on it

Is infinitely preferable to not.

Number 7

 

[motorbiking]

I dont understand why we should give 20 or 40% of our inheritance of property or land to the taxman only a small percent of that money will be spent efficiently believe me I know. You're way better off letting people with money keep money it will be far better invested and spent.

It was a spiteful raid on cohabiting couples with drawdown pensions.

Imagine a couple living together in a house worth 500k and a drawdown pension with £300k left in. The holder dies, these are not wealthy people. That’s a massive tax bill on the survivor. That’s the pension wiped out.

 

[transam]

Small companies stopped employing people when the pension schemes started.

Almost all small companies have no employees just subbies on CIS

employment allowance will rise from £5,000 to £10,500, This will allow a small business to employ the equivalent of four full-time workers on the national living wage without paying any national insurance on their wages.

Not aware of small companies taking on apprentices as subbies ???