Re: Here comes the tax rises
 

Shit definition

I am salaried, and have a modest…very modest…share portfolio.

Am I a semi-working person?

They are idiots.

Re: Here comes the tax rises
 

You don't depend on that share portfolio for you income. But you do depend upon your salary, which makes you a working person according to Starmer's definition.

The sooner the Budget has been announced (although it's pretty much been leaked anyway), the sooner I hope we can stop worrying about what makes a working person or not!

Re: Here comes the tax rises
 

Its not a tax though is it.

Its a benefit, people would pay even more without it.

Its been £2 since it started (I believe about 2 years ago ?).

Re: Here comes the tax rises
 

I have shares as well, but they're nowhere near enough to call them income, so that comes from my salary.

I don't think it is difficult to understand the difference between people who derive their income from their labour and those who do it from existing assets.

Re: Here comes the tax rises
 

Of course it's difficult and the more you explain it the harder it will be for them to understand

Re: Here comes the tax rises
 

The real idiots here are those that expect a simple answer to a complex question. By demanding Starmer to try and come up with an answer that the Daily Mail readers can grasp, he will always fail. The subject is complex and nuanced so he did the best he could given his target audience.

The real problem the critics have with this is that the gravy train they have been on for year is finally being addressed. The unequal tax regime between salaried income and non-salaried income has been a blight for years with successive Governments going to the cash cow of salaried tax payers to raise revenue while the asset rich quietly watched, happy in the knowledge that their accountants had made sure they were fine.

By starting the process in equalising taxation from CGT, Dividends, etc. to that of employment earnings, Labour will make a start on addressing one of the major inequalities in the UK.

Re: Here comes the tax rises
 

If they don't want to understand it, then they won't. ;)

Re: Here comes the tax rises
 

They can grasp it.

This is all confected outrage. When we talk of workers we generally think of people whose income comes from their direct labour. People on salaries or self-employed.

We don't think of people who gain passive income from investments.

No honest person is that confused about this and thinks they're not workers because they own a few thousand pounds worth of shares or they have some savings gaining interest. When we talk of class in this country this divide is now probably the most important one, the answer to the question of if you need to work or not.

There is plenty to criticise about this budget regarding workers, i.e increasing the employers' NI contributions will indirectly tax workers. You can argue Labour never should have made this promise at all and instead should reverse last year's NI cut because it was never budgeted for in the first place. You could also argue that by far the biggest tax increase in tomorrow's budget will be that the tax bands are once again being frozen pushing more people into the higher tax bands despite inflation eroding the values of those salaries. An honest budget would go back to last year's NI rate and tell everyone upfront about the freezing of the bands. The tax burden on the middle-class is already very high so there isn't much scope to increase it beyond those measures anyway.

But instead of those substantive points, we get this disingenuous nonsense. Just liars everywhere arguing fiction between each other. This budget is a tax increase on workers, the last Tory budget was an tax increase on workers, it's needed because the economy has no growth and nobody is confused what workers mean.

Re: Here comes the tax rises
 

With all this talk of Labour's tax rises/freebees/physical assault etc at least Brexit is off the menu on CF for the first time in years :clap:.

Back on topic, all the people here seem very concerned about the impact of the budget on them. One question, (no flame war please), does £33k a year in benefits seem a lot to you?

Re: Here comes the tax rises
 

It's not enough to live on

Re: Here comes the tax rises
 

Yes. :erm:

Re: Here comes the tax rises
 

It can build up to that. Also that's an after tax and NI figure, so the equivalent salary is much higher.

Few other things in there to comment on.
Somebody expecting student loans(at age 38) to pay off her mortgage.
Somebody who seems to be receiving PIP at Enhanced Rate Daily Living and Standard rate Mobility is capable of working part-time as a cleaner.:confused:

Re: Here comes the tax rises
 

I am dreading tomorrow, I am pretty certain they will take us from behind with no KY whilst all the time telling us how good it will be for us. I just hope winter is not that bad this year so we don't all freeze to death waiting in the queue for the soup kitchens. :)

Re: Here comes the tax rises
 

Rest assured they don't give a damn if you do freeze to death they hate old folk

Re: Here comes the tax rises
 

The Islington elite don't care about us real people. Just so long as they get their freebies. All those who voted for "change" should realise that rest of us have been short changed.