Budget 2012

[Barry Fish]

Overall seemed not too bad.... I thought it would of been worse... Good that the basic rate has been upped. Lib dem win there...

[eFestivals]

i saw that the tories cheered announcements about getting the richies to pay the tax they should be paying anyway.

Which of course gets to mean they know they'll still be able to get away without paying that tax. Turkeys don't vote for xmas, and tories don't vote to tax themselves.

[the_hedge]

How much did the emergency tax increase at the top end actually pull in? I was told that most people earning 150k were rich enough to find a way of avoiding it anyway....

[kaosmark2]

tories don't vote to tax themselves.

[eFestivals]

How much did the emergency tax increase at the top end actually pull in? I was told that most people earning 150k were rich enough to find a way of avoiding it anyway....

It was meant to pull in £2.7Bn pa, according to what was said when it was implemented.

The tories have spent the last two years suggesting that it's brought in naff all, and keep promising to give the figures - but they never do, for some strange reason. I wonder why that might be?

The tories have been suggesting that it's brought in around £500m pa (but only have a guess for that number). Even if it's only been that, that's £500m that can be spent on something useful, such as lessening a cut for services for those in need.

What is the real scandal that no govt ever tackles is the fact that some people are rich enough to exempt themselves from tax. Tax is only for the little people.

[eFestivals]

You're forgetting that under the leadership of Call Me Dave they've become 'compassionate conservatives'

yup, and bears have started using flushing toilets.

[kaosmark2]

What is the real scandal that no govt ever tackles is the fact that some people are rich enough to exempt themselves from tax. Tax is only for the little people.

[LondonTom]

. Lib dem win there...

Edited March 21, 2012 by LondonTom

[eFestivals]

Good that the basic rate has been upped.

A measure that's being presented as a tax cut for the poor, but which is least likely to be of benefit to the poor in the case of those earning under the tax threshold, but is a tax cut for everyone else including the rich who benefit as much as anyone else does.

[kaosmark2]

A measure that's being presented as a tax cut for the poor, but which is least likely to be of benefit to the poor in the case of those earning under the tax threshold, but is a tax cut for everyone else including the rich who benefit as much as anyone else does.

[kaosmark2]

I don't really think anyone earning NMW should pay income tax...

[lost]

How much did the emergency tax increase at the top end actually pull in? I was told that most people earning 150k were rich enough to find a way of avoiding it anyway....

[eFestivals]

On the beeb's budget scrolly thing they said HMRC reported it pulled in £100m and Osborne claimed closing the stamp duty loophole will raise 5 times as much.

So when did HMRC release the £100M info then? It must have been today, cos there was defo no official figure yesterday.

I'm guessing its a BBC invention.

[eFestivals]

Neil will be happy to know I will be keeping child benefit

I'm not trying to have a dig, but is there anything the tories have done budget-wise which has hit you, aside from the increase in the VAT rate?

I'm just wondering how "all together" we're really in this, cos I'm not aware of a single thing which has effected me apart from the VAT rise, and that's probably been more than offset for me by the increases in the tax threshold.

[eFestivals]

according to the beebs budget calculator, anyone earning over £150,000 is being squeezed by the outrageous amount of £1.50 a week - that's gonna really hurt them.

[eFestivals]

On the beeb's budget scrolly thing they said HMRC reported it pulled in £100m and Osborne claimed closing the stamp duty loophole will raise 5 times as much.

I just found that slimy Gideon claimed in his speech that it was raising £300m....

A report into the highest rate, introduced by Labour in 2010, had found it had raised just a third of the £3bn initially predicted, Mr Osborne said.

http://www.bbc.co.uk/news/uk-politics-17450719

.... but here's betting that's a made up number too. It's not like he said "the treasury have finally got the numbers for me, after 2 years of me saying I'd disclose how much it was raising..."

[lost]

pensioners going completely mental because they will get the same personnal allowance as everyone else, lots of comments on the beeb and other web sites saying "remember we actually vote" think that could be an own goal.

[lost]

The old gits can take it up the arse...

Pisses me off how governments bend over backwards for the silver vote... Fact is they are some of the best off in the society... Mortgage free, small outgoings and at the same time a massive fucking drain on the country....

Good on the Tories for turning the screw...

[abdoujaparov]

The old gits can take it up the arse...

Pisses me off how governments bend over backwards for the silver vote... Fact is they are some of the best off in the society... Mortgage free, small outgoings and at the same time a massive fucking drain on the country....

Good on the Tories for turning the screw...

[pink_triangle]

In my view anything the coalition give you with one hand, they just take with another, unless you are wealthy in which case everything is done to help you. Me and my partner both work in the NHS with medium incomes, we have 1 child and work in the midlands. I work in the community and do a significant amount of milage every week. We have had our child tax credits cut, wages frozen, VAT increased, massive fuel increases, increased pension contributions and proposed reduction in pay due to ending of national pay scales.

If Gideon thinks after taking all this away from me, a small saving in tax will make me feel everything is fair, he couldnt be more wrong. While things have been tough for my family, I fail to see how Dave and Gideons rich mates are suffering. In fact they are probably better off than they were before.

[abdoujaparov]

£13K AFTER housing costs ??? That is a lot of money !!! Hardly fucking struggling along are they... That is pretty much £13k disposable income...

[abdoujaparov]

You said after "housing costs" Now you add the detail

[nobby the happy snail]

A measure that's being presented as a tax cut for the poor, but which is least likely to be of benefit to the poor in the case of those earning under the tax threshold, but is a tax cut for everyone else including the rich who benefit as much as anyone else does.

[abdoujaparov]

Like I said... Much better position than most people in this country....

[lost]

Anyone got any idea what this "general anti-avoidance rule" is all about ?

Avoidance is basically managing your tax affairs efficiently... I "avoid" tax by paying into my pension every year for example... Anybody with a company contribution pension does this... So would this rule say this is wrong ? Just changing the tax laws would make sense surely ?

If its not against the law then how can you have a rule that gets you in trouble ???

Its confused me it has