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BUDGET 2012: Earn £9,200 before you start paying income tax... not bad :)

New budget looks interesting - a little bit of everything in there, also lowering top tax to 45% - and apparently the Biggest shakeup in planning law for 60 years set to be announced - whats everyone thing - i think the budget isnt too bad looking at it - i quite like the changes :smile:

- fully summary of budget article bellow

http://www.theoffshoreonline.com/articles/2012/03/21/uk-budget-2012-brief

Scroll to see replies

Reply 1

Martyn*

Tax cut here....Tax grab there.

Reply 2

Maker

The Big print giveth, the small print taketh away.

Reply 3

Patriot Rich

I'm pleasantly surprised. 50% is too high for any income tax in my opinion so I'm pleased that's gone. Plus the tax free allowance is impressive too. Hopefully Britain will be a lot more competitive now.

Reply 4

34253

Good. It doesn't make sense to tax people below that amount (and probably much higher). You are essentially paying someone to take money off of them and give it back. Of course, no one will give the Conservatives credit for it. They are evil meanies.

Reply 5

Sovr'gnChancellor£

Original post by Martyn*

Tax cut here....Tax grab there.

One giveth with one hand and taketh with the other...

Reply 6

Camss

45% is really such a difference from 50%...

Reply 7

Blazara

Original post by Camss

45% is really such a difference from 50%...

Well it is when you're at the levels where you're getting taxed that much...

Reply 8

SciFiRory

slap
in
the
face

does barely anything to alleviate the pressures and expenses on people on low incomes (those vast majority of whom don't have the luxury of worrying about 40p or 50p tax changes)

instead gives cuts to business and the rich whilst cuts are still going ahead on services and stuff the rest of society relies on, ****ing piss take and a joke.

Reply 9

Darkphilosopher

Original post by SciFiBoy

It's not like we're in massive debt or anything. :colonhash:

Reply 10

Bill_Gates

Original post by Darkphilosopher

It's not like we're in massive debt or anything. :colonhash:

Doesnt mean you can rape the poor more than the rich, when the rich benefited more from the boom :rolleyes:

Reply 11

Darkphilosopher

Original post by Bill_Gates

Doesnt mean you can rape the poor more than the rich, when the rich benefited more from the boom :rolleyes:

Despite the fact that the rich pay a far greater amount of tax than the poor?

Reply 12

Fallen

Original post by Martyn*

Tax cut here....Tax grab there.

Original post by Maker

The Big print giveth, the small print taketh away.

Original post by Sovr'gnChancellor£

One giveth with one hand and taketh with the other...

Would you not be more annoyed if they announced lots of plans to cut tax across the board with no plan for paying for it other than increasing structural deficit? I know I would go mental.

Reply 13

SciFiRory

Original post by Darkphilosopher

It's not like we're in massive debt or anything. :colonhash:

the debt caused by the rich you mean? and that the rich are doing very little to pay for you mean?

the debt most people didn't cause yet are facing cuts and stuff to pay for you mean?

Reply 14

Bill_Gates

Original post by Darkphilosopher

Despite the fact that the rich pay a far greater amount of tax than the poor?

You obviously dont study economics or any knowledge whatsoever.

Reply 15

Darkphilosopher

Original post by SciFiBoy

the debt caused by the rich you mean? and that the rich are doing very little to pay for you mean?

the debt most people didn't cause yet are facing cuts and stuff to pay for you mean?

Please do explain exactly how the "rich" are solely to blame for this debt.

Reply 16

Maker

Original post by Darkphilosopher

Please do explain exactly how the "rich" are solely to blame for this debt.

Don't you know already, where have you been for the last 4 years, Basingstoke?

Reply 17

Clip

The level of ignorant cynicism here is incredibly depressing. Saying "they give a bit, and take it away" doesn't make you clever.

Also, the idea that high earners don't pay more tax than low earners - on which planet? On which planet do high earners not already pay at least double what low earners do - £ for £????

And before you start your idiot whinges about "loopholes" and "tax avoidance" check that they actually make any sense, and are based on reality - not what someother idiot told you.