The Labour Manifesto

[jamespevans]

Nothing personal, your comments are all about money. Do you know how money really works? Dare to dream!

Bloody hell, I'm starting to see Caca in a new light.

[Ronnie Hotdogs]

Red o, so you would be in favor of every worker paying 5 pence in the pound extra, on the basis that it would hardly effect those on low wages. As a retiree who no longer pays an obscene amount in tax , were I selfish I would advocate not only the rich but everyone paying much more in tax as it wouldn’t affect me, but high taxation just doesn’t work , it removes incentives and encourages the wealthy to relocate with accompanying job losses. The top 5% pay half of our taxes , think about it.

No, just those that won’t even notice it.

The top 5% should be paying more than half, shouldn’t they.

[BoniO]

Redo, he would be one of droves. Bleeding the wealthy who as I stated already pay a disproportionate chunk of our taxes is a failed policy. They simply relocate , take their wealth with them and the result is massive job loss. Not only do the mega rich pay a fortune in taxes but when they flaunt their wealth the treasury benefits by a further 20%.
For the benefit of prestige I will add that unfortunately I am not in that bracket.

Any rich scumbag who wants to feck off rather than pay taxes is welcome to do just that. Whereas, your scare tactic that this would necessarily mean huge job losses is a fallacy. Moving themselves is one thing, moving their businesses is a very different thing. Let the parasites go and good riddance.

[Thor]

Red o, so you would be in favor of every worker paying 5 pence in the pound extra, on the basis that it would hardly effect those on low wages. As a retiree who no longer pays an obscene amount in tax , were I selfish I would advocate not only the rich but everyone paying much more in tax as it wouldn’t affect me, but high taxation just doesn’t work , it removes incentives and encourages the wealthy to relocate with accompanying job losses. The top 5% pay half of our taxes , think about it.

No, just those that won’t even notice it.

The top 5% should be paying more than half, shouldn’t they.

Redo £80k is not alot of money, to take 45p off every pound earnt will hurt alot of normal people. I have no issue with the top rate of 45p at 150k that's a decent amount of salary, 80k is not and that's gonna hurt alot of people. At that level you don't lead an extravagant life, at 150k you do.

I think it's going to be counter productive.

[greyhound]

such a fantastic dream for all.
except it aint going to happen

[Disoriented]

Even if half of it isnt deliverable, still better than another 5 years of Tories. Clearly goodies vs baddies for me.

It really is that stark.

[Still's Carenae]

Red o, so you would be in favor of every worker paying 5 pence in the pound extra, on the basis that it would hardly effect those on low wages. As a retiree who no longer pays an obscene amount in tax , were I selfish I would advocate not only the rich but everyone paying much more in tax as it wouldn’t affect me, but high taxation just doesn’t work , it removes incentives and encourages the wealthy to relocate with accompanying job losses. The top 5% pay half of our taxes , think about it.

No, just those that won’t even notice it.

The top 5% should be paying more than half, shouldn’t they.

Red O - what happens is those that pay very significant amounts of tax, can easily move from one jurisdiction to another (which is easier than ever). The top 1% are the people that really pay- currently around 27%, of our income tax. These are the people that can and will move - so the likelihood is that you could lose around 20% of your tax receipts, if you use such measures.

This is why high taxes do not work.

If you go back to the 60's - if you had money and was able to move away, you did. 2 examples are the Beatles and Rolling Stones.

[Still's Carenae]

Redo, he would be one of droves. Bleeding the wealthy who as I stated already pay a disproportionate chunk of our taxes is a failed policy. They simply relocate , take their wealth with them and the result is massive job loss. Not only do the mega rich pay a fortune in taxes but when they flaunt their wealth the treasury benefits by a further 20%.
For the benefit of prestige I will add that unfortunately I am not in that bracket.

Any rich scumbag who wants to feck off rather than pay taxes is welcome to do just that. Whereas, your scare tactic that this would necessarily mean huge job losses is a fallacy. Moving themselves is one thing, moving their businesses is a very different thing. Let the parasites go and good riddance.

Who then is going to pay for reduction of tax?

40 years ago the basic rate of tax was 33%, you will need somewhere around this level to make up the deficit. I don't think many of us could afford a 13% increase in tax.

Next - we cannot buy so much vat receipts drop and the deficit increases.

What's not to like.

[Ronnie Hotdogs]

Red o, so you would be in favor of every worker paying 5 pence in the pound extra, on the basis that it would hardly effect those on low wages. As a retiree who no longer pays an obscene amount in tax , were I selfish I would advocate not only the rich but everyone paying much more in tax as it wouldn’t affect me, but high taxation just doesn’t work , it removes incentives and encourages the wealthy to relocate with accompanying job losses. The top 5% pay half of our taxes , think about it.

No, just those that won’t even notice it.

The top 5% should be paying more than half, shouldn’t they.

Redo £80k is not alot of money, to take 45p off every pound earnt will hurt alot of normal people. I have no issue with the top rate of 45p at 150k that's a decent amount of salary, 80k is not and that's gonna hurt alot of people. At that level you don't lead an extravagant life, at 150k you do.

I think it's going to be counter productive.

Eighty thousand pounds is a huge amount of money.

But in any case, they’re not being taxed 45p off every pound earnt. It would only be on those pounds over and above the eighty thousand.

[StillSpike]

I've been having Excel fun with the Manifesto Income Tax bands. Here's what I've calculated (happy to show workings)

Someone on £20,000 p.a will pay £0.00 more per week in income tax than now
Someone on £30,000 p.a will pay £0.00 more per week in income tax than now
Someone on £40,000 p.a will pay £0.00 more per week in income tax than now
Someone on £60,000 p.a will pay £0.00 more per week in income tax than now
Someone on £80,000 p.a will pay £0.00 more per week in income tax than now
Someone on £85,000 p.a will pay £4.81 more per week in income tax than now
Someone on £100,000 p.a will pay £19.23 more per week in income tax than now
Someone on £125,000 p.a will pay £43.27 more per week in income tax than now
Someone on £150,000 p.a will pay £91.35 more per week in income tax than now
Someone on £250,000 p.a will pay £187.50 more per week in income tax than now
Someone on £300,000 p.a will pay £235.58 more per week in income tax than now


It's not exactly terrible is it? Those over £85 K might even consider it's worth it as they don't have to trip over so many homeless people on their way in to earn those salaries.

Even if you somehow earned £300k - it hardly seems worth moving your whole family to Latvia, just because you're asked to pay an extra 4% of your weekly wage.

(I'm sure Latvia is just lovely, before anyone takes offence)

[Dunners]

If Candler is happy to pay the extra £235.58 per week, then so am I.

[Ronnie Hotdogs]

Red o, so you would be in favor of every worker paying 5 pence in the pound extra, on the basis that it would hardly effect those on low wages. As a retiree who no longer pays an obscene amount in tax , were I selfish I would advocate not only the rich but everyone paying much more in tax as it wouldn’t affect me, but high taxation just doesn’t work , it removes incentives and encourages the wealthy to relocate with accompanying job losses. The top 5% pay half of our taxes , think about it.

No, just those that won’t even notice it.

The top 5% should be paying more than half, shouldn’t they.

Red O - what happens is those that pay very significant amounts of tax, can easily move from one jurisdiction to another (which is easier than ever). The top 1% are the people that really pay- currently around 27%, of our income tax. These are the people that can and will move - so the likelihood is that you could lose around 20% of your tax receipts, if you use such measures.

This is why high taxes do not work.

If you go back to the 60's - if you had money and was able to move away, you did. 2 examples are the Beatles and Rolling Stones.

If the top 1% of earners are paying 27% of the total income tax contributions, that’s really unfair.

Something needs to be done to bring that down so they’re not earning so much.

[greyhound]

people who earn more pay more tax anyway.
why should they pay even more.

[Eat The Rich]

A real choice for the first time in my lifetime.

Only a choice if you are left wing. The right have a choice between the Tories who are now fiscally liberal as well as socially liberal so not conservative at all or Farage who is not even standing in my constituency. May have to vote green and try and save the planet.

So your critique is the Tories are too nice? Feckin 'ell. I'm always fascinated by the idea that someone could be against social liberalism. The idea that the state can't discriminate against people because of their race, religion, sexuality.etc The idea that you could think fairness and respect are to the detriment of society says quite a lot about the sort of person that you are. It rhymes with Brunt.

[Ronnie Hotdogs]

people who earn more pay more tax anyway.
why should they pay even more.

Because they can.

[StillSpike]

people who earn more pay more tax anyway.
why should they pay even more.

Because they don't earn that money in isolation - they earn it "in society".

They have employees who society educated and keeps healthy and safe. They do business on the infrastructure that society builds and maintains. Their customers earn and live and exist in society.

Society costs money to run - those that can afford to pay more towards its upkeep should pay more.

A footballer "earning" just under £60,000 a week would have to pay just over £2800 more per week under the Labour manifesto. Poor button. Still leaving him just under £32K a week after tax - however will he manage?

[greyhound]

https://uk.finance.yahoo.com/news/labou ... 35112.html

there you have folks.
hope you have the funds to pay your oil petrol and gas bills.
your going to need it.don't worry though thank god its not going to happen. only 1% chance.

[Ronnie Hotdogs]

Surely this will come from these companies vast profits?

[Beradogs]

Redo, he would be one of droves. Bleeding the wealthy who as I stated already pay a disproportionate chunk of our taxes is a failed policy. They simply relocate , take their wealth with them and the result is massive job loss. Not only do the mega rich pay a fortune in taxes but when they flaunt their wealth the treasury benefits by a further 20%.
For the benefit of prestige I will add that unfortunately I am not in that bracket.

Any rich scumbag who wants to feck off rather than pay taxes is welcome to do just that. Whereas, your scare tactic that this would necessarily mean huge job losses is a fallacy. Moving themselves is one thing, moving their businesses is a very different thing. Let the parasites go and good riddance.

Deluded. The billionaires will of course F off. So will the multi millionaires. You want to know who will end up paying for all this. All the muggins on this board.

[greyhound]

Surely this will come from these companies vast profits?

f.me red the only people who will pay are the public for Christ sake

[BoniO]

Redo, he would be one of droves. Bleeding the wealthy who as I stated already pay a disproportionate chunk of our taxes is a failed policy. They simply relocate , take their wealth with them and the result is massive job loss. Not only do the mega rich pay a fortune in taxes but when they flaunt their wealth the treasury benefits by a further 20%.
For the benefit of prestige I will add that unfortunately I am not in that bracket.

Any rich scumbag who wants to feck off rather than pay taxes is welcome to do just that. Whereas, your scare tactic that this would necessarily mean huge job losses is a fallacy. Moving themselves is one thing, moving their businesses is a very different thing. Let the parasites go and good riddance.

Deluded. The billionaires will of course F off. So will the multi millionaires. You want to know who will end up paying for all this. All the muggins on this board.

Over the years there has been a plethora of rich twats who have said they'll leave the Country if Labour get in power. We seem to have survived whether they went or not. I don't give a crap whether they stay or go personally.

[Max B Gold]

Any rich scumbag who wants to feck off rather than pay taxes is welcome to do just that. Whereas, your scare tactic that this would necessarily mean huge job losses is a fallacy. Moving themselves is one thing, moving their businesses is a very different thing. Let the parasites go and good riddance.

Deluded. The billionaires will of course F off. So will the multi millionaires. You want to know who will end up paying for all this. All the muggins on this board.

Over the years there has been a plethora of rich twats who have said they'll leave the Country if Labour get in power. We seem to have survived whether they went or not. I don't give a crap whether they stay or go personally.

You might not care if there parasitic leeches leave but I do. As the revolution progresses it will be useful to have them within easy reach once the trials begin.

[Beradogs]

I've been having Excel fun with the Manifesto Income Tax bands. Here's what I've calculated (happy to show workings)

Someone on £20,000 p.a will pay £0.00 more per week in income tax than now
Someone on £30,000 p.a will pay £0.00 more per week in income tax than now
Someone on £40,000 p.a will pay £0.00 more per week in income tax than now
Someone on £60,000 p.a will pay £0.00 more per week in income tax than now
Someone on £80,000 p.a will pay £0.00 more per week in income tax than now
Someone on £85,000 p.a will pay £4.81 more per week in income tax than now
Someone on £100,000 p.a will pay £19.23 more per week in income tax than now
Someone on £125,000 p.a will pay £43.27 more per week in income tax than now
Someone on £150,000 p.a will pay £91.35 more per week in income tax than now
Someone on £250,000 p.a will pay £187.50 more per week in income tax than now
Someone on £300,000 p.a will pay £235.58 more per week in income tax than now


It's not exactly terrible is it? Those over £85 K might even consider it's worth it as they don't have to trip over so many homeless people on their way in to earn those salaries.

Even if you somehow earned £300k - it hardly seems worth moving your whole family to Latvia, just because you're asked to pay an extra 4% of your weekly wage.

(I'm sure Latvia is just lovely, before anyone takes offence)

Those figures are meaningless because we won’t be paying for it in tax (well we will but not hugely). We will be paying for it in inflation and weakness in our currency. We will not be able to sell our government bonds unless yields spike substantially.

[Max B Gold]

I've been having Excel fun with the Manifesto Income Tax bands. Here's what I've calculated (happy to show workings)

Someone on £20,000 p.a will pay £0.00 more per week in income tax than now
Someone on £30,000 p.a will pay £0.00 more per week in income tax than now
Someone on £40,000 p.a will pay £0.00 more per week in income tax than now
Someone on £60,000 p.a will pay £0.00 more per week in income tax than now
Someone on £80,000 p.a will pay £0.00 more per week in income tax than now
Someone on £85,000 p.a will pay £4.81 more per week in income tax than now
Someone on £100,000 p.a will pay £19.23 more per week in income tax than now
Someone on £125,000 p.a will pay £43.27 more per week in income tax than now
Someone on £150,000 p.a will pay £91.35 more per week in income tax than now
Someone on £250,000 p.a will pay £187.50 more per week in income tax than now
Someone on £300,000 p.a will pay £235.58 more per week in income tax than now


It's not exactly terrible is it? Those over £85 K might even consider it's worth it as they don't have to trip over so many homeless people on their way in to earn those salaries.

Even if you somehow earned £300k - it hardly seems worth moving your whole family to Latvia, just because you're asked to pay an extra 4% of your weekly wage.

(I'm sure Latvia is just lovely, before anyone takes offence)

Those figures are meaningless because we won’t be paying for it in tax (well we will but not hugely). We will be paying for it in inflation and weakness in our currency. We will not be able to sell our government bonds unless yields spike substantially.

So just nationalise the BofE and raise interest rates and watch them greenbacks flow in.

[Beradogs]

Don’t give Jeremy any ideas.