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Inheritance tax...
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Rumours about today that if labour get in, they will stop parents being able to gift their kids a lump sum or a house by the 7 year rule to avoid the Inheritance Tax. Gotta say, as a labour voter, I'm going to find it hard to support that policy if true.
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By *abioMan
over a year ago
Newcastle and Gateshead |
"Rumours about today that if labour get in, they will stop parents being able to gift their kids a lump sum or a house by the 7 year rule to avoid the Inheritance Tax. Gotta say, as a labour voter, I'm going to find it hard to support that policy if true.
"
I wondered where this had come from... and it looks like its only the telegraph (boris's paper) that are quoting this.....
what it actually looks like they are actually closing an inheritance tax loophole.... in the fact that if something like a house if "gifted" 7 yrs before someones death... that is tax free, whereas if it is not and someone was to pass away those people have to pay inheritance tax on it
thats not the same as the OP is trying to infer..... |
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By *ara JTV/TS
over a year ago
Bristol East |
The toffs have been playing the game for years by placing their assets in "trusts" that pass between generations with no tax liability. That's where Labour should be looking.
Nothing wrong with accumulating property. There is when you dodge paying the state what everyone else has to pay on their property. |
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By *mmabluTV/TS
over a year ago
upton wirral |
"Rumours about today that if labour get in, they will stop parents being able to gift their kids a lump sum or a house by the 7 year rule to avoid the Inheritance Tax. Gotta say, as a labour voter, I'm going to find it hard to support that policy if true.
"
There is no labour party it is a Marxist party discuised as labour do no kid yourself.
They will destroy all you have worked for if they get in. |
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By *mmabluTV/TS
over a year ago
upton wirral |
"Rumours about today that if labour get in, they will stop parents being able to gift their kids a lump sum or a house by the 7 year rule to avoid the Inheritance Tax. Gotta say, as a labour voter, I'm going to find it hard to support that policy if true.
I wondered where this had come from... and it looks like its only the telegraph (boris's paper) that are quoting this.....
what it actually looks like they are actually closing an inheritance tax loophole.... in the fact that if something like a house if "gifted" 7 yrs before someones death... that is tax free, whereas if it is not and someone was to pass away those people have to pay inheritance tax on it
thats not the same as the OP is trying to infer....."
You are a Marxist so cannot believe your interpritations |
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By (user no longer on site)
over a year ago
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The inheritance tax threshold is £325k and 650k for a couple.Where do people think it should be .??
This 7 year thing is just a loop hole.
I think inheritance tax should mirror the rising value of property because this is usually the asset of greatest value left after death. |
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By *ostafunMan
over a year ago
near ipswich |
"The inheritance tax threshold is £325k and 650k for a couple.Where do people think it should be .??
This 7 year thing is just a loop hole.
I think inheritance tax should mirror the rising value of property because this is usually the asset of greatest value left after death."
Not sure i understand what the 650k for a couple is but there are alot of working class people in london and the se whos house is worth alot more than 325k .If it was to mirror rising house prices im not sure how that would work as prices rise and fall in different areas at different rates. |
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By (user no longer on site)
over a year ago
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Easy (maybe) One house is cgt free (maybe if bought at least five years ago. Otherwise use the sell price of that one if more expensive)
Everything else has cgt.
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"There is no labour party it is a Marxist party discuised as labour do no kid yourself.
They will destroy all you have worked for if they get in."
If you believe that your have either swallowed the Tory coolaid, or dluded.
The Tories are in the process of dismantling the welfare state (something they have wanted to do since 1947) and passing the wealth saved to the richest 00.1% by giving income tax cuts to top earners and allowing those with large estates pass them on paying minimal death duties. While at the same time forcing the vast majority of the population to pay a larger part of their income in taxes and forcing them to use any accumulated assets to fund their old age.
You have your head stuck so far up the Tories arse's that you can't see that all they do is continually shit on you and then use you as an arsewipe. That you think those that would protect you from what the Tories have openly planned for you (and the vast majority of us) by making them pay their share so that you (and the rest of us) will not have to spend our lives toiling and in debt so the top .1% can continue to enrich themselves at our expense says more about you than any you label Marxist. |
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By *mmabluTV/TS
over a year ago
upton wirral |
"There is no labour party it is a Marxist party discuised as labour do no kid yourself.
They will destroy all you have worked for if they get in.
If you believe that your have either swallowed the Tory coolaid, or dluded.
The Tories are in the process of dismantling the welfare state (something they have wanted to do since 1947) and passing the wealth saved to the richest 00.1% by giving income tax cuts to top earners and allowing those with large estates pass them on paying minimal death duties. While at the same time forcing the vast majority of the population to pay a larger part of their income in taxes and forcing them to use any accumulated assets to fund their old age.
You have your head stuck so far up the Tories arse's that you can't see that all they do is continually shit on you and then use you as an arsewipe. That you think those that would protect you from what the Tories have openly planned for you (and the vast majority of us) by making them pay their share so that you (and the rest of us) will not have to spend our lives toiling and in debt so the top .1% can continue to enrich themselves at our expense says more about you than any you label Marxist."
They are not dismantling the welfare state you are so deluded it is unbelievable |
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"They are not dismantling the welfare state you are so deluded it is unbelievable"
Really?
You and I are to all intents and purposes the same age, so if I remember something from my early years you should too...
Remember free school milk? Why was Thatcher named 'the milk snatcher'?
Remember free NHS dentistry for all?
Remember free NHS eye care for all?
Remember free higher education tuition for all?
Remember maintenance grants?
Remember 6 months earnings related unemployment benefit for all?
Remember mortgage interest or rent payments for those 6 months?
Remember when there were never bed shortages in hospitals and you never heard of people dying in ambulances because the could not be admitted to A&E?
Remember when foodbanks did not exist?
Now what is that you were saying about being deluded? Maybe you should start opening your eyes to reality. Remember there are less and less below you who are struggling to survive and soon it will be your turn too. |
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"Rumours about today that if labour get in, they will stop parents being able to gift their kids a lump sum or a house by the 7 year rule to avoid the Inheritance Tax. Gotta say, as a labour voter, I'm going to find it hard to support that policy if true.
There is no labour party it is a Marxist party discuised as labour do no kid yourself.
They will destroy all you have worked for if they get in."
You clearly haven't the first idea what a Marxist Party is....unless you think it's something hosted by Harpo and Groucho |
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"The first foodbanks in the UK were opened in 2004 during Tony Blair's leadership."
And exactly what sort of policies did Tone and 'New Labour' enact if not a continuation of the neoliberal right of centre Reagonomic, Thatcherism of the 80's allowing the Conservative Party to move further to the right and give a new respectability and voice to the nationalism, racism, bigotry and downright hypocritical barbarism that was the trademark of Georgian, Victorian and Edwardian Toryism? |
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By (user no longer on site)
over a year ago
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"Rumours about today that if labour get in, they will stop parents being able to gift their kids a lump sum or a house by the 7 year rule to avoid the Inheritance Tax. Gotta say, as a labour voter, I'm going to find it hard to support that policy if true.
There is no labour party it is a Marxist party discuised as labour do no kid yourself.
They will destroy all you have worked for if they get in."
Well said and the consequences of their actions will make most people worse off. Job losses will be substantial and the less well off with suffer the consequences.
I do not want to live in a society where we are bullied by trade unionists and cannot get to work. |
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By (user no longer on site)
over a year ago
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"The first foodbanks in the UK were opened in 2004 during Tony Blair's leadership.
In 2004 there were 2 foodbanks in the uk
In early 2011 there were 100
today there are over 2000
"
If food banks are supplied people will use them. There was a very interesting article about their use in the national press recently. The DWP now refer people to food banks. The more important question is do people need to use them what they have done with the money that they should be using to buy food . Where are their family and friends.? |
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By *ack4NinaCouple
over a year ago
Carmarthen |
"The first foodbanks in the UK were opened in 2004 during Tony Blair's leadership."
It’s this blissful ignorance of people that tickles me. Not falling on either side of a political line but you clearly do not know what you are talking about. Fact 1...Foodbanks were a plenty in the 80s during the time of Miners strike. I think a Lady called Margaret Thatcher was the leader of the uk and the tories. |
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By *imiUKMan
over a year ago
Newbury |
"The first foodbanks in the UK were opened in 2004 during Tony Blair's leadership.
In 2004 there were 2 foodbanks in the uk
In early 2011 there were 100
today there are over 2000
If food banks are supplied people will use them. There was a very interesting article about their use in the national press recently. The DWP now refer people to food banks. The more important question is do people need to use them what they have done with the money that they should be using to buy food . Where are their family and friends.? "
By "more important question", do you really mean "the kind of question only an utter moron would ask"? |
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"The first foodbanks in the UK were opened in 2004 during Tony Blair's leadership.
In 2004 there were 2 foodbanks in the uk
In early 2011 there were 100
today there are over 2000
If food banks are supplied people will use them. There was a very interesting article about their use in the national press recently. The DWP now refer people to food banks. The more important question is do people need to use them what they have done with the money that they should be using to buy food . Where are their family and friends.? "
Some who use them may not feel comfortable telling their family and friends, do you tell your family about swinging?
This is from you another example that this real world you go on about is your own delusional little bubble perhaps.. |
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By (user no longer on site)
over a year ago
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I don't have a problem with inheritance tax or food banks, there both good things.
Nobody should expect massive wealth handed to them by either parents or the state, there's this concept called working. |
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By (user no longer on site)
over a year ago
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"The first foodbanks in the UK were opened in 2004 during Tony Blair's leadership.
In 2004 there were 2 foodbanks in the uk
In early 2011 there were 100
today there are over 2000
If food banks are supplied people will use them. There was a very interesting article about their use in the national press recently. The DWP now refer people to food banks. The more important question is do people need to use them what they have done with the money that they should be using to buy food . Where are their family and friends.?
Some who use them may not feel comfortable telling their family and friends, do you tell your family about swinging?
This is from you another example that this real world you go on about is your own delusional little bubble perhaps.. "
They are two very different concepts. We can hardly expect the government to pick up the tab for everything. |
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By (user no longer on site)
over a year ago
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If you want to leave what you have worked for to your kids, friends, or even the local cats home, then you should be entitled to. I don’t get this inheritance tax bullshit. Just another load of communist crap, no surprise that Labour love it so much... |
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By (user no longer on site)
over a year ago
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"The first foodbanks in the UK were opened in 2004 during Tony Blair's leadership.
In 2004 there were 2 foodbanks in the uk
In early 2011 there were 100
today there are over 2000
If food banks are supplied people will use them. There was a very interesting article about their use in the national press recently. The DWP now refer people to food banks. The more important question is do people need to use them what they have done with the money that they should be using to buy food . Where are their family and friends.?
By "more important question", do you really mean "the kind of question only an utter moron would ask"?"
. Hi. Presumably there is nothing wrong with being an utter moron and making a realistic assessment of their use. Most rational people would want know how those using food banks has already spent their money. |
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"The first foodbanks in the UK were opened in 2004 during Tony Blair's leadership.
In 2004 there were 2 foodbanks in the uk
In early 2011 there were 100
today there are over 2000
If food banks are supplied people will use them. There was a very interesting article about their use in the national press recently. The DWP now refer people to food banks. The more important question is do people need to use them what they have done with the money that they should be using to buy food . Where are their family and friends.?
Some who use them may not feel comfortable telling their family and friends, do you tell your family about swinging?
This is from you another example that this real world you go on about is your own delusional little bubble perhaps.. They are two very different concepts. We can hardly expect the government to pick up the tab for everything."
Food is a basic necessity..
Given you've said you volunteer you must know that there is for some real poverty..
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"If you want to leave what you have worked for to your kids, friends, or even the local cats home, then you should be entitled to. I don’t get this inheritance tax bullshit. Just another load of communist crap, no surprise that Labour love it so much..."
1986, inheritance tax bill.. Thatchers policy.. |
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By (user no longer on site)
over a year ago
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"The first foodbanks in the UK were opened in 2004 during Tony Blair's leadership.
In 2004 there were 2 foodbanks in the uk
In early 2011 there were 100
today there are over 2000
If food banks are supplied people will use them. There was a very interesting article about their use in the national press recently. The DWP now refer people to food banks. The more important question is do people need to use them what they have done with the money that they should be using to buy food . Where are their family and friends.?
By "more important question", do you really mean "the kind of question only an utter moron would ask"? . Hi. Presumably there is nothing wrong with being an utter moron and making a realistic assessment of their use. Most rational people would want know how those using food banks has already spent their money."
I know the answer to that, they spend their benefit money on fags booze and scratch cards. Then they go to the food banks... |
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By (user no longer on site)
over a year ago
|
"The first foodbanks in the UK were opened in 2004 during Tony Blair's leadership.
In 2004 there were 2 foodbanks in the uk
In early 2011 there were 100
today there are over 2000
If food banks are supplied people will use them. There was a very interesting article about their use in the national press recently. The DWP now refer people to food banks. The more important question is do people need to use them what they have done with the money that they should be using to buy food . Where are their family and friends.?
By "more important question", do you really mean "the kind of question only an utter moron would ask"? . Hi. Presumably there is nothing wrong with being an utter moron and making a realistic assessment of their use. Most rational people would want know how those using food banks has already spent their money.
I know the answer to that, they spend their benefit money on fags booze and scratch cards. Then they go to the food banks..."
Hi. You should have added Sky TV , takeaways and mobile phones .
I was speaking to a social worker about this last week. This is someone who has real experience of the scenario. People spend all their money on the items you mention and then demand emergency help . They then become abusive and violent when it is refused. Some even have interpreters.
One social security office I was in 'recently had security staff inside in order to keep control.
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By (user no longer on site)
over a year ago
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"They are not dismantling the welfare state you are so deluded it is unbelievable
Really?
You and I are to all intents and purposes the same age, so if I remember something from my early years you should too...
Remember free school milk? Why was Thatcher named 'the milk snatcher'?
Remember free NHS dentistry for all?
Remember free NHS eye care for all?
Remember free higher education tuition for all?
Remember maintenance grants?
Remember 6 months earnings related unemployment benefit for all?
Remember mortgage interest or rent payments for those 6 months?
Remember when there were never bed shortages in hospitals and you never heard of people dying in ambulances because the could not be admitted to A&E?
Remember when foodbanks did not exist?
Now what is that you were saying about being deluded? Maybe you should start opening your eyes to reality. Remember there are less and less below you who are struggling to survive and soon it will be your turn too."
I think you will find that in real terms benefits are bettèr than ever for those who need them. In each of the scenarios that you mention there are income thresholds which ensure that those in genuine need do not suffer .
The NHS budget is the highest it has ever been. |
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By (user no longer on site)
over a year ago
|
"The first foodbanks in the UK were opened in 2004 during Tony Blair's leadership.
In 2004 there were 2 foodbanks in the uk
In early 2011 there were 100
today there are over 2000
If food banks are supplied people will use them. There was a very interesting article about their use in the national press recently. The DWP now refer people to food banks. The more important question is do people need to use them what they have done with the money that they should be using to buy food . Where are their family and friends.?
By "more important question", do you really mean "the kind of question only an utter moron would ask"? . Hi. Presumably there is nothing wrong with being an utter moron and making a realistic assessment of their use. Most rational people would want know how those using food banks has already spent their money.
I know the answer to that, they spend their benefit money on fags booze and scratch cards. Then they go to the food banks... Hi. You should have added Sky TV , takeaways and mobile phones .
I was speaking to a social worker about this last week. This is someone who has real experience of the scenario. People spend all their money on the items you mention and then demand emergency help . They then become abusive and violent when it is refused. Some even have interpreters.
One social security office I was in 'recently had security staff inside in order to keep control.
"
Yeah I’m sure you are right, I just mentioned the stuff I sell to them while I’m working. Energy drinks and sweets are a big thing too, then they moan about it when they get diabetes.
As for the social security offices, I know for a fact that both security guards and translators are present at the Brighton office. If you were passing you would definitely notice the winos sitting outside. The nations a mess and it is those who refuse to work that continue to make it worse. |
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By *ostafunMan
over a year ago
near ipswich |
"They are not dismantling the welfare state you are so deluded it is unbelievable
Really?
You and I are to all intents and purposes the same age, so if I remember something from my early years you should too...
Remember free school milk? Why was Thatcher named 'the milk snatcher'?
Remember free NHS dentistry for all?
Remember free NHS eye care for all?
Remember free higher education tuition for all?
Remember maintenance grants?
Remember 6 months earnings related unemployment benefit for all?
Remember mortgage interest or rent payments for those 6 months?
Remember when there were never bed shortages in hospitals and you never heard of people dying in ambulances because the could not be admitted to A&E?
Remember when foodbanks did not exist?
Now what is that you were saying about being deluded? Maybe you should start opening your eyes to reality. Remember there are less and less below you who are struggling to survive and soon it will be your turn too."
Yes i remember all of those even free cod liver oil and malt every day these were the days when the nhs was there for the well being of the people and to build a healthy population from children.In the 1950s the population was around 50 mil a lot lower than now.The nhs cover so much more than they did back in the day so to keep up we will all have to pay a lot more for it.Also remember 6 months earning related for all too i knew loads of people who abused that one go to work on the rigs for months then go on the dole with if i remember right about 75% of their pay. |
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"If you want to leave what you have worked for to your kids, friends, or even the local cats home, then you should be entitled to. I don’t get this inheritance tax bullshit."
Of course you don't...
But lets see if I can help you get it...
Over 50% of the worlds wealth is owned by less than 50 people and over 60% of the wealth of the world is held by the top 1%. Over 80% of that wealth is not earned, it is inherited. 40 years ago the top 1% controlled less than This situation has developed over the last 40 years because when inheritance taxes are reduced wealth is concentrated in the hands of the most wealthy. If we continue this way within the next 100 years the top 1% will own over 95% of the wealth of the world with the richest person in the world owning at least 4/5ths of everything on the planet!
Walk outside, look at the state of our roads, ask yourself 'If I had an accident or medical emergency now how long would it take to get me to hospital and treatment?', if your answers are the roads are getting worse and longer than 20 years ago (and I bet they will be) then you are looking at the effects of concentration of wealth.
Death duties are not designed to strip wealth from ordinary people but to stop the concentration of wealth in the hands of an elite few. |
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"If you want to leave what you have worked for to your kids, friends, or even the local cats home, then you should be entitled to. I don’t get this inheritance tax bullshit.
Of course you don't...
But lets see if I can help you get it...
Over 50% of the worlds wealth is owned by less than 50 people and over 60% of the wealth of the world is held by the top 1%. Over 80% of that wealth is not earned, it is inherited. 40 years ago the top 1% controlled less than This situation has developed over the last 40 years because when inheritance taxes are reduced wealth is concentrated in the hands of the most wealthy. If we continue this way within the next 100 years the top 1% will own over 95% of the wealth of the world with the richest person in the world owning at least 4/5ths of everything on the planet!
Walk outside, look at the state of our roads, ask yourself 'If I had an accident or medical emergency now how long would it take to get me to hospital and treatment?', if your answers are the roads are getting worse and longer than 20 years ago (and I bet they will be) then you are looking at the effects of concentration of wealth.
Death duties are not designed to strip wealth from ordinary people but to stop the concentration of wealth in the hands of an elite few. "
But they pay very clever people to help them hide that wealth, so it's not going to effect them. The only people who it will effect are us poor sods as usual. We will be paying tax twice, if not more on every pound as usual. |
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"But they pay very clever people to help them hide that wealth, so it's not going to effect them. The only people who it will effect are us poor sods as usual. We will be paying tax twice, if not more on every pound as usual. "
They may be able to move cash, jewelry and the like into tax havens but that can't be done with the £30 million Georgian Mayfair pad, the country pile and the £100 million's worth of art, furniture and cars that fill them up. So they can be taken in lieu of the cash that has been trousered and moved off shore without paying tax on it over a lifetime (as happened on a regular basis prior to Thatcher starting to transfer the tax burden from those with the most to those with the least). |
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By *imiUKMan
over a year ago
Newbury |
"The first foodbanks in the UK were opened in 2004 during Tony Blair's leadership.
In 2004 there were 2 foodbanks in the uk
In early 2011 there were 100
today there are over 2000
If food banks are supplied people will use them. There was a very interesting article about their use in the national press recently. The DWP now refer people to food banks. The more important question is do people need to use them what they have done with the money that they should be using to buy food . Where are their family and friends.?
By "more important question", do you really mean "the kind of question only an utter moron would ask"? . Hi. Presumably there is nothing wrong with being an utter moron and making a realistic assessment of their use. Most rational people would want know how those using food banks has already spent their money."
Why would they want to know what people who are getting donated tins of fucking beans are spending the rest of their money on?
Its precisely none of their business. |
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"But they pay very clever people to help them hide that wealth, so it's not going to effect them. The only people who it will effect are us poor sods as usual. We will be paying tax twice, if not more on every pound as usual.
They may be able to move cash, jewelry and the like into tax havens but that can't be done with the £30 million Georgian Mayfair pad, the country pile and the £100 million's worth of art, furniture and cars that fill them up."
Of course they can! They just transfer ownership to an offshore corporation in a tax haven! Google the 'Panama Papers' and you'll see the rich everywhere are doing it. |
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"The first foodbanks in the UK were opened in 2004 during Tony Blair's leadership.
In 2004 there were 2 foodbanks in the uk
In early 2011 there were 100
today there are over 2000
If food banks are supplied people will use them. There was a very interesting article about their use in the national press recently. The DWP now refer people to food banks. The more important question is do people need to use them what they have done with the money that they should be using to buy food . Where are their family and friends.?
By "more important question", do you really mean "the kind of question only an utter moron would ask"? . Hi. Presumably there is nothing wrong with being an utter moron and making a realistic assessment of their use. Most rational people would want know how those using food banks has already spent their money."
So they can look at them condescendingly whilst making snidy comments?
Thankfully not much call for that ta.. |
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By (user no longer on site)
over a year ago
|
"If you want to leave what you have worked for to your kids, friends, or even the local cats home, then you should be entitled to. I don’t get this inheritance tax bullshit.
Of course you don't...
But lets see if I can help you get it...
Over 50% of the worlds wealth is owned by less than 50 people and over 60% of the wealth of the world is held by the top 1%. Over 80% of that wealth is not earned, it is inherited. 40 years ago the top 1% controlled less than This situation has developed over the last 40 years because when inheritance taxes are reduced wealth is concentrated in the hands of the most wealthy. If we continue this way within the next 100 years the top 1% will own over 95% of the wealth of the world with the richest person in the world owning at least 4/5ths of everything on the planet!
Walk outside, look at the state of our roads, ask yourself 'If I had an accident or medical emergency now how long would it take to get me to hospital and treatment?', if your answers are the roads are getting worse and longer than 20 years ago (and I bet they will be) then you are looking at the effects of concentration of wealth.
Death duties are not designed to strip wealth from ordinary people but to stop the concentration of wealth in the hands of an elite few. "
Oh you think I don’t know all this? It’s no excuse for taxing the shit out of people. That just makes potential employers more likely to take their money elsewhere. It’s back door distributionalism in other words communism. |
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By *ony 2016Man
over a year ago
Huddersfield /derby cinemas |
Aren't people who employ accountants to help them pay less tax to our country towards , roads , education , NHS, police , fire service , social care , defence(army/navy/airforce),etc.. basically unpatriotic ?? |
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By (user no longer on site)
over a year ago
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"Aren't people who employ accountants to help them pay less tax to our country towards , roads , education , NHS, police , fire service , social care , defence(army/navy/airforce),etc.. basically unpatriotic ?? "
Yes I think so, but they probably enjoy getting away with it. Then again only wealthy people can do that, the rest of us have to cough up.  |
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"Of course they can! They just transfer ownership to an offshore corporation in a tax haven! Google the 'Panama Papers' and you'll see the rich everywhere are doing it. "
Only for the last 40 years or so...
JC is saying that he will force the fucks to pay their taxes. The amazing thing is how many of the normal population swallow the tory super-rich's coolaide and believe that policies aimed at stopping the super-rich from shafting them are actually aimed at ordinary people. It's like Reagan's 'trickle down' economics and the anti regulated mixed market economic policies of Thatcherism fantasies, despite 40 years of daily proof that they do not work many still believe that high tax and spend, highly regulated mixed market economies are bad. And when it is pointed out that that is the modal used by the Scandinavian countries so successfully the reply is 'Oh they are different to us'. Of course they are different to us! Those countries are not governed for the benefit of the super-rich!
The Panama Papers prove we can follow the money trails. And if we can do that we can force the criminals to face justice and pay up! All that is needed is the political will! And that starts with ditching the toxic political ideology and associated economic policies of the last 40 years!
As for a comment of a previous poster about not wanting to live with unions telling them when they can and can't work because the union is calling a strike, how do you feel about employers telling you if and when you can and cant work on a day to day? Because that is the working reality millions forced into zero hours contracts now, or had that truth sort of sailed over your head while you were bowing and tugging your forelock to your employment lord and master? |
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"Yes I think so, but they probably enjoy getting away with it. Then again only wealthy people can do that, the rest of us have to cough up. "
So why are you so anti those who would make those who would make the rich pay and pro those who enable them to sponge off the state while making the rest of us pay their welfare benefits? |
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By (user no longer on site)
over a year ago
|
"Yes I think so, but they probably enjoy getting away with it. Then again only wealthy people can do that, the rest of us have to cough up.
So why are you so anti those who would make those who would make the rich pay and pro those who enable them to sponge off the state while making the rest of us pay their welfare benefits?"
I believe that people should all pay a certain amount of income tax, one flat rate of 20 to 25%. Im not affected by it, but I don’t agree that there should be a higher rate for higher earners. Imagine getting a big pay rise and then finding out you are no better off because you are now paying 40% or whatever the higher rate is now. |
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"Of course they can! They just transfer ownership to an offshore corporation in a tax haven! Google the 'Panama Papers' and you'll see the rich everywhere are doing it.
Only for the last 40 years or so...
JC is saying that he will force the fucks to pay their taxes. The amazing thing is how many of the normal population swallow the tory super-rich's coolaide and believe that policies aimed at stopping the super-rich from shafting them are actually aimed at ordinary people. It's like Reagan's 'trickle down' economics and the anti regulated mixed market economic policies of Thatcherism fantasies, despite 40 years of daily proof that they do not work many still believe that high tax and spend, highly regulated mixed market economies are bad. And when it is pointed out that that is the modal used by the Scandinavian countries so successfully the reply is 'Oh they are different to us'. Of course they are different to us! Those countries are not governed for the benefit of the super-rich!
The Panama Papers prove we can follow the money trails. And if we can do that we can force the criminals to face justice and pay up! All that is needed is the political will! And that starts with ditching the toxic political ideology and associated economic policies of the last 40 years!
As for a comment of a previous poster about not wanting to live with unions telling them when they can and can't work because the union is calling a strike, how do you feel about employers telling you if and when you can and cant work on a day to day? Because that is the working reality millions forced into zero hours contracts now, or had that truth sort of sailed over your head while you were bowing and tugging your forelock to your employment lord and master?"
I suspect you haven’t actually read what the details of the “JC” proposal are.
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By *ercuryMan
over a year ago
Grantham |
"Yes I think so, but they probably enjoy getting away with it. Then again only wealthy people can do that, the rest of us have to cough up.
So why are you so anti those who would make those who would make the rich pay and pro those who enable them to sponge off the state while making the rest of us pay their welfare benefits?
I believe that people should all pay a certain amount of income tax, one flat rate of 20 to 25%. Im not affected by it, but I don’t agree that there should be a higher rate for higher earners. Imagine getting a big pay rise and then finding out you are no better off because you are now paying 40% or whatever the higher rate is now. "
You only pay the 40% on the amount over the basic rate tax threshold and not on the whole amount. |
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"You only pay the 40% on the amount over the basic rate tax threshold and not on the whole amount. "
You beat me to it. It is amazing how many people don't understand how progressive income tax rates work, and it is outrageous how the super-rich are allowed use their wealth to propagate these false beliefs for their own benefit. |
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By *abioMan
over a year ago
Newcastle and Gateshead |
for some of the people who are talking about food banks, you can tell they have absolutely no idea of how they work...
1st of all... you need to be referred to a food bank, they are there as an option of last resort, so for example people who talk about people having sky tv for example will know that if they are referred they will have had all the "luxuries" in effect removed (for example Citizen Advice bureau's would have checked all this before referring)
and you can't keep going back to them... like people say they are there as a last resort..... |
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By *ara JTV/TS
over a year ago
Bristol East |
"
You only pay the 40% on the amount over the basic rate tax threshold and not on the whole amount. "
In England and Wales:
- You pay no income tax on the first £11,850
- You pay 20 % on everything you earn between £11,851 to £46,350
- You pay 40 % on everything you earn between £46,351 to £150,000
- You pay 45 % on everything you earn above £150,000
|
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"for some of the people who are talking about food banks, you can tell they have absolutely no idea of how they work...
1st of all... you need to be referred to a food bank, they are there as an option of last resort, so for example people who talk about people having sky tv for example will know that if they are referred they will have had all the "luxuries" in effect removed (for example Citizen Advice bureau's would have checked all this before referring)
and you can't keep going back to them... like people say they are there as a last resort....."
Fabio don’t start woth the food banks all the nutters will be piping up about all the nurses queuing up at them lol |
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By *ostafunMan
over a year ago
near ipswich |
"for some of the people who are talking about food banks, you can tell they have absolutely no idea of how they work...
1st of all... you need to be referred to a food bank, they are there as an option of last resort, so for example people who talk about people having sky tv for example will know that if they are referred they will have had all the "luxuries" in effect removed (for example Citizen Advice bureau's would have checked all this before referring)
and you can't keep going back to them... like people say they are there as a last resort....."
Not exactly true is it _abio? there are independent food banks where no referral is required also you can e referred by a social worker or gp i cant see the cab going round peoples houses to see if they have sky or following them about to see if they smoke. |
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By (user no longer on site)
over a year ago
|
"Yes I think so, but they probably enjoy getting away with it. Then again only wealthy people can do that, the rest of us have to cough up.
So why are you so anti those who would make those who would make the rich pay and pro those who enable them to sponge off the state while making the rest of us pay their welfare benefits?
I believe that people should all pay a certain amount of income tax, one flat rate of 20 to 25%. Im not affected by it, but I don’t agree that there should be a higher rate for higher earners. Imagine getting a big pay rise and then finding out you are no better off because you are now paying 40% or whatever the higher rate is now. "
Everyone has covered the marginal rate misnomer.
But here's the real fun on unfairness... The rich don't always have income. |
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By *ostafunMan
over a year ago
near ipswich |
"If you want to leave what you have worked for to your kids, friends, or even the local cats home, then you should be entitled to. I don’t get this inheritance tax bullshit.
Of course you don't...
But lets see if I can help you get it...
Over 50% of the worlds wealth is owned by less than 50 people and over 60% of the wealth of the world is held by the top 1%. Over 80% of that wealth is not earned, it is inherited. 40 years ago the top 1% controlled less than This situation has developed over the last 40 years because when inheritance taxes are reduced wealth is concentrated in the hands of the most wealthy. If we continue this way within the next 100 years the top 1% will own over 95% of the wealth of the world with the richest person in the world owning at least 4/5ths of everything on the planet!
Walk outside, look at the state of our roads, ask yourself 'If I had an accident or medical emergency now how long would it take to get me to hospital and treatment?', if your answers are the roads are getting worse and longer than 20 years ago (and I bet they will be) then you are looking at the effects of concentration of wealth.
Death duties are not designed to strip wealth from ordinary people but to stop the concentration of wealth in the hands of an elite few. "
I take it you are not a big fan of the grandchildren or great grandchildren benefiting from your hard work?Personally thats what motivates me to accumulate more so that they will benefit in the future. |
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"If you want to leave what you have worked for to your kids, friends, or even the local cats home, then you should be entitled to. I don’t get this inheritance tax bullshit. Just another load of communist crap, no surprise that Labour love it so much..."
What you have worked for? And there is the issue for me.
There are many people out there inheriting huge sums from parents who didn't actually work for the vast majority of it. They gained a significant amount of their estate from house price rises.
Also, if you make a lot of money in your working life then it's because a society exists. e.g.people buying your products / services. What's wrong with giving back some of your wealth to help those who to live a life of relative luxury (which I assume would be the cause if you are subject to inheritance tax)?
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By (user no longer on site)
over a year ago
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So the green eyed forget if you work bloody hard, make sacrifices, take risks invest wisely, pay due taxes you should then be thinking of wider society.
The entitled thinking is mind boggling. |
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"So the green eyed forget if you work bloody hard, make sacrifices, take risks invest wisely, pay due taxes you should then be thinking of wider society.
The entitled thinking is mind boggling."
You forgot the bit were you pulled yourself up by your bootstraps |
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"So the green eyed forget if you work bloody hard, make sacrifices, take risks invest wisely, pay due taxes you should then be thinking of wider society.
The entitled thinking is mind boggling."
Green eyed? No, hardly. There is an assumption.
I know in my own personal situation my inheritance will not be down to excessive work, sacrifices, risks or investments. Just a bit of good timing when my grandparents had a child.
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By *ostafunMan
over a year ago
near ipswich |
"So the green eyed forget if you work bloody hard, make sacrifices, take risks invest wisely, pay due taxes you should then be thinking of wider society.
The entitled thinking is mind boggling."
Totally agree with you.It occurs to me that some on here are using it as a stick to bash the toffs when in reality these super rich are people like musicians,actors,silicon valley entrepreneurs all new money.A lot of the old money cant afford to pay inheritance tax thats why the national trust has so many stately homes. |
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"If you want to leave what you have worked for to your kids, friends, or even the local cats home, then you should be entitled to. I don’t get this inheritance tax bullshit. Just another load of communist crap, no surprise that Labour love it so much...
What you have worked for? And there is the issue for me.
There are many people out there inheriting huge sums from parents who didn't actually work for the vast majority of it. They gained a significant amount of their estate from house price rises.
Also, if you make a lot of money in your working life then it's because a society exists. e.g.people buying your products / services. What's wrong with giving back some of your wealth to help those who to live a life of relative luxury (which I assume would be the cause if you are subject to inheritance tax)?
"
You make far too many assumptions for your argument to be useful |
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"So the green eyed forget if you work bloody hard, make sacrifices, take risks invest wisely, pay due taxes you should then be thinking of wider society.
The entitled thinking is mind boggling."
We've done all those things plus put two kids through Uni who we supported as much as we could, never put holidays, new cars or kitchens on the mortgage as we know some have etc..
We don't have green eyes for anyone else, mine are Hazel I think and we both have a belief that society is about more than how fortunate we have both been and yes people should if able to do so contribute to that society but some people have been dealt pretty crap hands and there but for etc..
Not sure that makes us entitled.. |
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By (user no longer on site)
over a year ago
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I believe in progressive taxes. I'd also rather pay tax on my death bed than today.
So given books need to balance I'd rather iht than income tax. That gives me more today to invest, take risks or whatever. |
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"I take it you are not a big fan of the grandchildren or great grandchildren benefiting from your hard work?Personally thats what motivates me to accumulate more so that they will benefit in the future. "
If the result is 10 generations down the line 1 person owns everything in the world NO!
A single person can leave £350,000 to their heirs tax free and the surviving half of a couple is not liable for any death duties on what is passed to them by their partner. While you and your likes spout the memes and bleat on about how badly done by multimillionaires and billionaires are they are pissing themselves laughing at you and thinking up new ways to get you to willingly enslave yourself to them! And the maddest thing is when it is pointed out to you how you are being shafted you get mad at those who would stop you being shafted rather than those bending you over and making you say 'thank you massa' as they dry arse you! |
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By *ostafunMan
over a year ago
near ipswich |
"I take it you are not a big fan of the grandchildren or great grandchildren benefiting from your hard work?Personally thats what motivates me to accumulate more so that they will benefit in the future.
If the result is 10 generations down the line 1 person owns everything in the world NO!
A single person can leave £350,000 to their heirs tax free and the surviving half of a couple is not liable for any death duties on what is passed to them by their partner. While you and your likes spout the memes and bleat on about how badly done by multimillionaires and billionaires are they are pissing themselves laughing at you and thinking up new ways to get you to willingly enslave yourself to them! And the maddest thing is when it is pointed out to you how you are being shafted you get mad at those who would stop you being shafted rather than those bending you over and making you say 'thank you massa' as they dry arse you!"
You really do have an inferiority complex if people have more than me good luck to them and if you think billionaires are sitting there thinking up new ways to enslave people i feel really sorry for you and your outlook on fellow human beings. |
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"You really do have an inferiority complex if people have more than me good luck to them and if you think billionaires are sitting there thinking up new ways to enslave people i feel really sorry for you and your outlook on fellow human beings."
No I don't have an inferiority complex. However I do understand how democracies deteriorate into oligarchies, and oligarchies into dictatorships. It is a question of power, once upon a time power was measured in control of LAND, it lead to the LANDED ARISTOCRACIES of the world and SERFDOM (thats slaves to the land they were born on). They were superseded by the MERCHANT PRINCES when goods and trading in goods with MONEY and MONEY replaced land as the
as the currency of POWER. The fact that you do not understand that you are a WAGE SLAVE and so enthralled by the chains that bind you is telling.
I do not envy wealth, it is a passing thing. However I do despise those who hoard wealth and use their conspicuous consumption at the cost of others penury as a way of validating their belief in their superiority.
That you do not feel the same revulsion of conspicuous excess in the face of poverty says a lot more about you than me. |
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By *ostafunMan
over a year ago
near ipswich |
"You really do have an inferiority complex if people have more than me good luck to them and if you think billionaires are sitting there thinking up new ways to enslave people i feel really sorry for you and your outlook on fellow human beings.
No I don't have an inferiority complex. However I do understand how democracies deteriorate into oligarchies, and oligarchies into dictatorships. It is a question of power, once upon a time power was measured in control of LAND, it lead to the LANDED ARISTOCRACIES of the world and SERFDOM (thats slaves to the land they were born on). They were superseded by the MERCHANT PRINCES when goods and trading in goods with MONEY and MONEY replaced land as the
as the currency of POWER. The fact that you do not understand that you are a WAGE SLAVE and so enthralled by the chains that bind you is telling.
I do not envy wealth, it is a passing thing. However I do despise those who hoard wealth and use their conspicuous consumption at the cost of others penury as a way of validating their belief in their superiority.
That you do not feel the same revulsion of conspicuous excess in the face of poverty says a lot more about you than me. "
Wage slave? everyone has to earn a living you dont get anything for nothing in this life.If you had no rich people wanting to invest their money into businesses to make more where the hell do you think the jobs are coming from for the people? If they didnt have "conspicuous excess" as you put it their would be less business so less employment so less jobs.Where are the less well off supposed to make a living? |
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"If you want to leave what you have worked for to your kids, friends, or even the local cats home, then you should be entitled to. I don’t get this inheritance tax bullshit. Just another load of communist crap, no surprise that Labour love it so much...
What you have worked for? And there is the issue for me.
There are many people out there inheriting huge sums from parents who didn't actually work for the vast majority of it. They gained a significant amount of their estate from house price rises.
Also, if you make a lot of money in your working life then it's because a society exists. e.g.people buying your products / services. What's wrong with giving back some of your wealth to help those who to live a life of relative luxury (which I assume would be the cause if you are subject to inheritance tax)?
You make far too many assumptions for your argument to be useful"
Really? Maybe call them out for you comment to be of any value.. |
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By (user no longer on site)
over a year ago
|
"for some of the people who are talking about food banks, you can tell they have absolutely no idea of how they work...
1st of all... you need to be referred to a food bank, they are there as an option of last resort, so for example people who talk about people having sky tv for example will know that if they are referred they will have had all the "luxuries" in effect removed (for example Citizen Advice bureau's would have checked all this before referring)
and you can't keep going back to them... like people say they are there as a last resort.....Not exactly true is it _abio? there are independent food banks where no referral is required also you can e referred by a social worker or gp i cant see the cab going round peoples houses to see if they have sky or following them about to see if they smoke."
Hi. A great post. It is the most amusing one that I have seen today. The voice of reality. |
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By *imiUKMan
over a year ago
Newbury |
"I think food banks are a great sign of societal charity, more power to them and I'd be happy to see more and more of them."
I'd be happier to live in a society where everyone can afford food, personally. |
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"The first foodbanks in the UK were opened in 2004 during Tony Blair's leadership.
In 2004 there were 2 foodbanks in the uk
In early 2011 there were 100
today there are over 2000
If food banks are supplied people will use them. There was a very interesting article about their use in the national press recently. The DWP now refer people to food banks. The more important question is do people need to use them what they have done with the money that they should be using to buy food . Where are their family and friends.? "
Is this a serious contribution? You havent the first idea what youre talking about. I have been a volunteer at my local foodbank; you ought to come along and talk to some of our clients and ask your idiotic questions of them. No wonder this country is fucked with people around with your complete lack of understanding and empathy |
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"If you want to leave what you have worked for to your kids, friends, or even the local cats home, then you should be entitled to. I don’t get this inheritance tax bullshit. Just another load of communist crap, no surprise that Labour love it so much..."
Inheritance Tax was introduced in 1796.... |
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"The first foodbanks in the UK were opened in 2004 during Tony Blair's leadership.
In 2004 there were 2 foodbanks in the uk
In early 2011 there were 100
today there are over 2000
If food banks are supplied people will use them. There was a very interesting article about their use in the national press recently. The DWP now refer people to food banks. The more important question is do people need to use them what they have done with the money that they should be using to buy food . Where are their family and friends.?
By "more important question", do you really mean "the kind of question only an utter moron would ask"? . Hi. Presumably there is nothing wrong with being an utter moron and making a realistic assessment of their use. Most rational people would want know how those using food banks has already spent their money.
I know the answer to that, they spend their benefit money on fags booze and scratch cards. Then they go to the food banks..."
Unbelievable. You clearly havent got the first frigging idea of who uses foodbanks and why. It's a lot easier to spout bigotry and ignorance isnt it? |
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"Yes I think so, but they probably enjoy getting away with it. Then again only wealthy people can do that, the rest of us have to cough up.
So why are you so anti those who would make those who would make the rich pay and pro those who enable them to sponge off the state while making the rest of us pay their welfare benefits?
I believe that people should all pay a certain amount of income tax, one flat rate of 20 to 25%. Im not affected by it, but I don’t agree that there should be a higher rate for higher earners. Imagine getting a big pay rise and then finding out you are no better off because you are now paying 40% or whatever the higher rate is now. "
If you get a big pay rise and have to pay an extra 15p in the pound in tax, how can you be worse off ffs???? Your analysis fails even the most basic of mathematical tests  |
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"I think food banks are a great sign of societal charity, more power to them and I'd be happy to see more and more of them."
We have the 6th biggest economy in the world and we still have people having to use foodbanks. How anyone can believe that that is acceptable is beyond me |
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"I think food banks are a great sign of societal charity, more power to them and I'd be happy to see more and more of them.
We have the 6th biggest economy in the world and we still have people having to use foodbanks. How anyone can believe that that is acceptable is beyond me"
I agree it’s unacceptable, but whats the solution ? |
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By *ostafunMan
over a year ago
near ipswich |
"I think food banks are a great sign of societal charity, more power to them and I'd be happy to see more and more of them.
We have the 6th biggest economy in the world and we still have people having to use foodbanks. How anyone can believe that that is acceptable is beyond me"
Totally agee but bigger economies than the uk have food banks germany have 1.5 million people use foodbanks every week in france its around 3.5 million a week christ knows how many in the usa.So yes it would be great if everyone was capable of earning enough to live in these expensive societies but food banks as the other poster stated are a great sign of societal charity. |
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By *imiUKMan
over a year ago
Newbury |
"The first foodbanks in the UK were opened in 2004 during Tony Blair's leadership.
In 2004 there were 2 foodbanks in the uk
In early 2011 there were 100
today there are over 2000
If food banks are supplied people will use them. There was a very interesting article about their use in the national press recently. The DWP now refer people to food banks. The more important question is do people need to use them what they have done with the money that they should be using to buy food . Where are their family and friends.?
Is this a serious contribution? You havent the first idea what youre talking about. I have been a volunteer at my local foodbank; you ought to come along and talk to some of our clients and ask your idiotic questions of them. No wonder this country is fucked with people around with your complete lack of understanding and empathy"
Oh come on now, he "knows someone" who once went near a doley and they are all on the hobble and are laughing at us as they take it in....  |
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By (user no longer on site)
over a year ago
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I am against the 7 year loophole and perhaps on this issue agree with Labour or some sort of compromise that puts a finger in this particular loophole.
Someone has to pay for the the NHS and the roads and infrastructure that we've enjoyed through our life. It's not as if I can use it after I've gone is it ?
Why can't comparatively rich people see it altruistically as giving something back as a Bequeathment to the state rather than concentrating wealth in the hands generation after generation in the hands of perhaps grasping relatives, Surely £ 375K is enough and then the rest is taxed. No it's just a glorified tax dodge.
I know people that give their houses to relatives in their 60s and then carry on living in them for the rest of their lives to avoid paying out huge care home fees when they get too old and decrepit. Surely someone has to pay for it. Looks like it will be me and you in the form of higher and higher income tax. |
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By *ertwoCouple
over a year ago
omagh |
yea it as bad as Boris giving the middle tax braket a rise instaed of the lower tax range which would have helped the poor. Labour have never helped this country with their spend spend spend and borrowing and then the our kids have to pay it back. Time for general election get new blood in get rid of the wasters we have. |
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