blandy Posted March 9, 2017 Author Moderator Share Posted March 9, 2017 2 hours ago, snowychap said: They may have people questioning why there's only a 10% difference in rates between basic and higher if they were to do that. I thought the ceiling on NI got binned off a while ago. I don't get your point Link to comment Share on other sites More sharing options...
ender4 Posted March 9, 2017 Share Posted March 9, 2017 36 minutes ago, blandy said: I thought the ceiling on NI got binned off a while ago. I don't get your point I think it means: Basic income tax + NI = 20%+12% = 32% Higher income tax + NI = 40% + 2% = 42%. So whilst in people's mind higher earners pay double or 20% more, in reality they pay only 10% more. 1 Link to comment Share on other sites More sharing options...
blandy Posted March 9, 2017 Author Moderator Share Posted March 9, 2017 9 minutes ago, ender4 said: I think it means: Basic income tax + NI = 20%+12% = 32% Higher income tax + NI = 40% + 2% = 42%. So whilst in people's mind higher earners pay double or 20% more, in reality they pay only 10% more. Gotcha. Highest rate is 45% income tax isn't it? Link to comment Share on other sites More sharing options...
snowychap Posted March 9, 2017 Share Posted March 9, 2017 46 minutes ago, blandy said: I thought the ceiling on NI got binned off a while ago. I don't get your point As Ender posted above, the ceiling was removed but the UEL is the same as the higher rate income tax threshold, above which employees' NIC is 2% (I think it was 1%). Link to comment Share on other sites More sharing options...
snowychap Posted March 9, 2017 Share Posted March 9, 2017 (edited) 3 minutes ago, blandy said: Gotcha. Highest rate is 45% income tax isn't it? Additional rate (£150k+) is 45% - until they can get away with ditching it. Edit: Going back to the income tax and NI threshold alignment - I ought to have said realignment. I wasn't aware that they had diverged so much in the last decade. Edited March 9, 2017 by snowychap Link to comment Share on other sites More sharing options...
ender4 Posted March 9, 2017 Share Posted March 9, 2017 1 minute ago, blandy said: Gotcha. Highest rate is 45% income tax isn't it? yes, the basic rate is 20%, the higher tax rate is 40% and the additional rate is 45% Link to comment Share on other sites More sharing options...
blandy Posted March 9, 2017 Author Moderator Share Posted March 9, 2017 Link to comment Share on other sites More sharing options...
peterms Posted March 9, 2017 Share Posted March 9, 2017 Mr Hammond explains to the medical team that although he pulled the budget statement out of his arse, there are other measures still impacted up there and he needs their assistance to retrieve them. Link to comment Share on other sites More sharing options...
MakemineVanilla Posted March 10, 2017 Share Posted March 10, 2017 I see Cameron is complaining about May breaking his manifesto pledge not to raise NI. But in the same speech he also pledged not to raise VAT, which he reneged on in 2011 when he raised it to 20%. 1 Link to comment Share on other sites More sharing options...
Popular Post coda Posted March 11, 2017 Popular Post Share Posted March 11, 2017 11 Link to comment Share on other sites More sharing options...
tonyh29 Posted March 12, 2017 Share Posted March 12, 2017 12 hours ago, coda said: Sometimes I love the internet Link to comment Share on other sites More sharing options...
Ingram85 Posted March 12, 2017 Share Posted March 12, 2017 Fawkes had the right idea. Link to comment Share on other sites More sharing options...
ml1dch Posted March 12, 2017 Share Posted March 12, 2017 42 minutes ago, Ingram85 said: Fawkes had the right idea. Wanting the assassination of the King in the hope that his successor would be more tolerant towards Catholicism? 1 Link to comment Share on other sites More sharing options...
Xann Posted March 12, 2017 Share Posted March 12, 2017 Guess what's happened to the pledge to make 200000 new affordable homes? Link to comment Share on other sites More sharing options...
Ingram85 Posted March 12, 2017 Share Posted March 12, 2017 49 minutes ago, ml1dch said: Wanting the assassination of the King in the hope that his successor would be more tolerant towards Catholicism? More the blowing up of parliament part but you already knew that. Link to comment Share on other sites More sharing options...
MakemineVanilla Posted March 12, 2017 Share Posted March 12, 2017 What with the budget raising NI for the self-employed and the substantial increase in probate charges they sneaked in under the radar, you might start to believe that the Tories are turning into New Labour. Lowering pass marks for 'disadvantaged' children to help them get into their new grammar schools, is just an attempt to put a gloss on their expansion of selective education. They have raised the tax-take to 34.4% of GDP, a level not seen since 1969 under Labour. Peter Hitchens has claimed for a long time that the Tories have turned into the Labour Party, and it looks like he is right. Link to comment Share on other sites More sharing options...
HanoiVillan Posted March 12, 2017 Share Posted March 12, 2017 51 minutes ago, MakemineVanilla said: What with the budget raising NI for the self-employed and the substantial increase in probate charges they sneaked in under the radar, you might start to believe that the Tories are turning into New Labour. Lowering pass marks for 'disadvantaged' children to help them get into their new grammar schools, is just an attempt to put a gloss on their expansion of selective education. They have raised the tax-take to 34.4% of GDP, a level not seen since 1969 under Labour. Peter Hitchens has claimed for a long time that the Tories have turned into the Labour Party, and it looks like he is right. No, Hitchens isn't right. What's happened instead is that the leaderships of both parties got closer while the memberships drifted (even) further apart (until Corbyn). It's not that the Tories have turned into Labour, so much as that neoliberal managerialism is the hegemony of the day, much in the same way that full employment and industrial strategy were the hegemony of the 1960s and 1970s. 3 Link to comment Share on other sites More sharing options...
MakemineVanilla Posted March 12, 2017 Share Posted March 12, 2017 40 minutes ago, HanoiVillan said: No, Hitchens isn't right. What's happened instead is that the leaderships of both parties got closer while the memberships drifted (even) further apart (until Corbyn). It's not that the Tories have turned into Labour, so much as that neoliberal managerialism is the hegemony of the day, much in the same way that full employment and industrial strategy were the hegemony of the 1960s and 1970s. I knew a sociologist once and her favourite flowers were hegemonies. 1 Link to comment Share on other sites More sharing options...
chrisp65 Posted March 12, 2017 Share Posted March 12, 2017 2 hours ago, Xann said: Guess what's happened to the pledge to make 200000 new affordable homes? I'm going to guess they've realised that privateer house builders won't do the turkeys voting for Christmas thing and ease supply. So to make sure we have enough housing the government will tell councils to start a massive programme of true social housing with proper facilities and schools and shops and community as this is more important than share holder dividend and land banking. They'll make them build houses that aren't to the minimum legal standard and are made with materials designed to last longer than the mortgage. You know, like those red brick houses from the 1920's that are still around today, but houses built in the 1990's look like a discoloured / second set of windows already/ needs a new kitchen piece of shite. Am I right? Link to comment Share on other sites More sharing options...
snowychap Posted March 12, 2017 Share Posted March 12, 2017 (edited) 2 hours ago, MakemineVanilla said: They have raised the tax-take to 34.4% of GDP, a level not seen since 1969 under Labour. Where are your figures from? Edit: I'm assuming that it's National Account taxes (not current receipts as initially thought) but do you have a table of the data somewhere that you've got this figure from? Edited March 12, 2017 by snowychap Link to comment Share on other sites More sharing options...
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