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 Badger11  Beckenham 10 Jun 19 12.08pm |
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Originally posted by robdave2k
What he has said is he would lift it (the threshold) from £50k to £80k Will at least repair some of the damage that clown Hammond has done to the self employed. Earning £80k a year doesn’t make you rich. It makes you well off, but not rich. Agreed a while ago I did a little experiment sorry I didn't keep my numbers from then but it went something like this. Married couple live in the south 2 young children wife currently a housewife. Man earns 80k in theory they should be well off. Then look at the annual deductions: Mortgage or Rent 24k? Before you know it you've hit 76k and I have probably forgotten some costs. Bottom line 80k income for a couple with kids they can get buy but they are not in the lap of luxury and saving very little. And I forgot student loans god know how much that costs.
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| Mapletree Croydon 10 Jun 19 12.14pm |
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Seems to be a one horse race In 2012 Gove said in an interview about the Conservative Party leadership "I'm constitutionally incapable of it. There's a special extra quality you need that is indefinable, and I know I don't have it. There's an equanimity, an impermeability and a courage that you need. There are some things in life you know it's better not to try."[42] So BoJo it is then Such a shame Jezza leads the Labour Party at the moment. There is of course an alternative
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| DanH SW2 10 Jun 19 12.17pm |
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Originally posted by Badger11
Agreed a while ago I did a little experiment sorry I didn't keep my numbers from then but it went something like this. Married couple live in the south 2 young children wife currently a housewife. Man earns 80k in theory they should be well off. Then look at the annual deductions: Mortgage or Rent 24k? Before you know it you've hit 76k and I have probably forgotten some costs. Bottom line 80k income for a couple with kids they can get buy but they are not in the lap of luxury and saving very little. And I forgot student loans god know how much that costs. Imagine what it's like trying to live on minimum wage then.
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| Badger11 Beckenham 10 Jun 19 12.23pm |
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Originally posted by DanH
Imagine what it's like trying to live on minimum wage then. I don't disagree living costs especially in the south are horrendous and I am glad that I am retired and own my home. Still point is that for someone on minimum wage 80k must seem like champagne and caviar it's not if you have a family. I never trust government to spend our money wisely and HS2, foreign aid budget Crossrail, NHS IT has done nothing to change my mind.
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| Stirlingsays 10 Jun 19 12.31pm |
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In terms of Boris's high earners tax cuts I have mixed feelings about it. Initially I'd say you have the issue of what corporate Dan highlights which is that high earners will just pocket the extra into bank accounts. However, then we have what Trump has done in the US. Trump....if I remember correctly, did something similar and has stimulated the economy considerably.....when the left had beforehand been shouting that the exact opposite would happen. So I expect the devil is in the detail. Edited by Stirlingsays (10 Jun 2019 12.33pm)
'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen) |
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| Willo South coast - west of Brighton. 10 Jun 19 6.49pm |
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Latest MP voting figures for top six : Johnson 61, Gove 34, Hunt 34, Raab 24, Javid 19, Hancock 14.
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| Sportyteacher London 10 Jun 19 7.04pm |
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Originally posted by Willo
Latest MP voting figures for top six : Johnson 61, Gove 34, Hunt 34, Raab 24, Javid 19, Hancock 14. Ah yes, Johnson's sins revealed: Rumour is that Boris is to approach Pet Shop Boys for use of former No: 1 as his campaign anthem
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| ChrisGC Wantage 10 Jun 19 7.37pm |
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Surely Hunt is a non starter, how out of touch are these people?
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| EverybodyDannsNow SE19 10 Jun 19 8.26pm |
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Originally posted by the.universal
Ok then, why anyone thinks tax cuts for the well off is a good idea is beyond me. £50k isn’t well off in London, particularly if you’re trying to save for a house etc. Not by a long way.
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| Wisbech Eagle Truro Cornwall 10 Jun 19 11.00pm |
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Originally posted by Stirlingsays
In terms of Boris's high earners tax cuts I have mixed feelings about it. Initially I'd say you have the issue of what corporate Dan highlights which is that high earners will just pocket the extra into bank accounts. However, then we have what Trump has done in the US. Trump....if I remember correctly, did something similar and has stimulated the economy considerably.....when the left had beforehand been shouting that the exact opposite would happen. So I expect the devil is in the detail. Edited by Stirlingsays (10 Jun 2019 12.33pm) I suspect that the devil is in the truth. The effect of Trump's tax cuts won't really be seen in the US economy just yet. Every economy lags behind any kind of stimulus. Despite Trump's repeated claims the US economy is still riding the crest of a wave which started in the Obama years. Very little, if anything, can be attributed to Trump and that may be very short lived. Not for nothing is the Fed not cutting interest rates. They fear a downturn when the vastly increase debt burden starts to bite hard and the impact of tariff increases on consumers comes home to roost. Don't believe me? Still believe Trump? Read this:-https://edition.cnn.com/2019/04/15/economy/trump-tax-cuts-impact-economy/index.html There are loads of others from sources that you might prefer to CNN but most, of not all, reach similar conclusions.
For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally. |
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| ChrisGC Wantage 10 Jun 19 11.45pm |
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Originally posted by Wisbech Eagle
I suspect that the devil is in the truth. The effect of Trump's tax cuts won't really be seen in the US economy just yet. Every economy lags behind any kind of stimulus. Despite Trump's repeated claims the US economy is still riding the crest of a wave which started in the Obama years. Very little, if anything, can be attributed to Trump and that may be very short lived. Not for nothing is the Fed not cutting interest rates. They fear a downturn when the vastly increase debt burden starts to bite hard and the impact of tariff increases on consumers comes home to roost. Don't believe me? Still believe Trump? Read this:-https://edition.cnn.com/2019/04/15/economy/trump-tax-cuts-impact-economy/index.html There are loads of others from sources that you might prefer to CNN but most, of not all, reach similar conclusions. CNN? Zzzzzzz
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| dreamwaverider London 11 Jun 19 12.00am |
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Originally posted by ChrisGC
Surely Hunt is a non starter, how out of touch are these people? Spot on. Can’t stand him. Absolute Plonker. Edited by dreamwaverider (11 Jun 2019 12.03am)
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