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

[motorbiking]

1. tax capital gains at the same rate as income tax - i know so many people who get around tax by doing this
2. Dividends again tax those at the same rate as income tax , again i know a lot of people who setup there company like this and take a very very small salary - JUST enough for threshold of TAX and NI

1. People will just sit on them or restructure them so they can grow without being declared
2. Agree, but this actually hits lower earners and retired people more.

For top rate tax payers the benefit of dividends as income, is less than 1%

One option is to reduce the personal allowance for everyone.

 

[Notch7]

1. People will just sit on them or restructure them so they can grow without being declared

Not that easy to do

2. Agree, but this actually hits lower earners and retired people more

Lower earners don’t get dividends

One option is to reduce the personal allowance for everyone

That ffects the poor far more than the rich……so it’s no surprise you suggest that.

Let’s make poor people poorer so they can’t afford to eat, but don’t tax the rich a bit more so they have to make do with a 70ft yacht instead of an 80ft yacht

 

[carmanmemoranda]

. Masked only by a government that is also mostly a hopeless failure.

She wasn't 1 of those Tories though.

Mind you they are now reform

 

[carmanmemoranda]

Let’s make poor people poorer so they can’t afford to eat, but don’t tax the rich a bit more so they have to make do with a 70ft yacht instead of an 80ft yacht

That's pretty much what he wants.

The base problem is that the lower earners don't earn enough to pay much tax on

Much better to get wages that people can live on, and pay tax on. But that means those at the top having to sacrifice a little.

 

[Brigadier]

Oh you were serious

When you tried to gloss over the unmitigated shower that preceded the current government

 

[motorbiking]

Not that easy to do

nonsense

Lower earners don’t get dividends

Retired people relying on investments for income do. Those on the basic rate have the most to lose

That ffects the poor far more than the rich……so it’s no surprise you suggest that.

Let’s make poor people poorer so they can’t afford to eat, but don’t tax the rich a bit more so they have to make do with a 70ft yacht instead of an 80ft yacht

Perhaps everyone should get a personal allowance - that seems fair.

 

[JohnD]

Is chicken biker talking about the disastrous lettuce woman?

 

[Murdochcat]

Lower earners don’t get dividends

Hum. Not sure I agree with you about this.

Let’s have some facts then

 

[ReganAndCarter]

Well if you think/ thought that the Tories were taking us in the right direction.

Far from it. However the latest lot are totally cluless and dangerous.. Massive hypocrites as well. Starmer seems to have pulled off the amazing feat of being more despised than Margaret Thatcher.

 

[ReganAndCarter]

Is chicken biker talking about the disastrous lettuce woman?

Are you still on the sauce??

 

[pete01]

Are you still on the sauce??

He's on something

 

[ReganAndCarter]

We should start building Invacars again, then see who actually "needs" one.

Yep, I reckon demand would plummet.

 

[aveatry]

Is chicken biker talking about the disastrous lettuce woman?

What the heck is this on about, a poster with a rooster on a motorbike avatar talking about a chicken and a lettuce. Is this how odds constantly see's the world after smoking his home grown herbs.

 

[Mottie]

What the heck is this on about, a poster with a rooster on a motorbike avatar talking about a chicken and a lettuce. Is this how odds constantly see's the world after smoking his home grown herbs.

1c) Posts which seek to bully or otherwise target individual members (or ad hominem comments) may be removed without warning.

I wonder how he's allowed to target certain people?

Perhaps we should start having avatars of a lonely fun sponge sitting at a PC 24/7?

 

[carmanmemoranda]

1c) Posts which seek to bully or otherwise target individual members (or ad hominem comments) may be removed without warning.

I wonder how he's allowed to target certain people?

Perhaps we should start having avatars of a lonely fun sponge sitting at a PC 24/7?

Pot

Kettle

Black