1) No.
2) anyone with more than £40k in their current account

£80K is nearly 3x the national average.

I don't think now, with social and civil services suffering hufgeky under austerity and on the eve of Brexit that this is the right time to be talking tax cuts.

If the middle class have been squeezed over the last ten years or so, then the poor and disabled within our society have been pulped.

40% over £50k is a joke though.

£50k is nothing as a salary down south if you have kids and a mortgage.

isnt that just slightly more than an mps wage?

comment by Pranks- European Champions (U6283)
posted 47 seconds ago
40% over £50k is a joke though.

£50k is nothing as a salary down south if you have kids and a mortgage.
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I would say even £70k is nothing if you live in London with kids and a mortgage.

The tax cuts propose by BoJo seems like a gimmick to Tory members to secure votes.

The IFS did the forecast and said it would cost £9bn as laid out in the OP. Boris today has more or less promised increased funding for schools, police, social care and transport infrastructure. The two don't go together.

And yes, I regard someone who earns £80k a year as 'rich', 'well off', however you define it.

comment by mancini (U7179)
posted 2 seconds ago
comment by Pranks- European Champions (U6283)
posted 47 seconds ago
40% over £50k is a joke though.

£50k is nothing as a salary down south if you have kids and a mortgage.
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I would say even £70k is nothing if you live in London with kids and a mortgage.

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yep maybe depending on your personal situation.

could be the same up north again though depending on your personal situation.

What is this fallacy that folk down south/London earn fortunes compared to other parts of the country?

Yes there are high earners but they are far and away the tiny minority.

comment by Pâî§Lë¥'š _P䆆ê®ÑëÐ_ÐrÊåm§ (U1541)
posted 3 minutes ago
If the middle class have been squeezed over the last ten years or so, then the poor and disabled within our society have been pulped.


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Not sure about the disabled and how they have been shafted. But being poor in Britain today is relative.

Universal credit is like £24k per annum. Properly managed, one can get a good living out of this amount.

The reason its a tax cut for the Rich is that everyone earning 80k plus benefits while anybody earning below 50k nothing changes so no tax cut.

so someone earning 82k gets a 6k tax cut and somebody earning 52k gets a 200 tax cut.

To the extreme Alexis gets a £6k tax cut which somebody earning 50k doesn't get.

This will cost around £9bn per annum.
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This is just what the country needs with austerity and Brexit.

For too long, the middle class have been squeezed without getting anything in return.

did this idiot actually say that with a straight face

I think it would be better to increase the personal allowance to £16,380 (UKLiving wage of £9 x 35 hours x 52) to allow more people to keep more of their money. It would still equate to a tax cut for those earning over £80k in effect. What you'd find though for the lower earners is that they'd spend their extra income locally which would be a boost for the economy.

comment by Martial FC (U11781)
posted 1 minute ago
For too long, the middle class have been squeezed without getting anything in return.

did this idiot actually say that with a straight face
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dpends on what you class as middle class

comment by Hector (U3606)
posted 4 minutes ago
What is this fallacy that folk down south/London earn fortunes compared to other parts of the country?

Yes there are high earners but they are far and away the tiny minority.
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People seem to think London is some sort of middle class tax haven where everyone is on 100k a year. 90% of the region is full of working class types who barely make ends meet as it is.

comment by _Viva_Vida (U6044)
posted 1 minute ago
The tax cuts propose by BoJo seems like a gimmick to Tory members to secure votes.

The IFS did the forecast and said it would cost £9bn as laid out in the OP. Boris today has more or less promised increased funding for schools, police, social care and transport infrastructure. The two don't go together.

And yes, I regard someone who earns £80k a year as 'rich', 'well off', however you define it.
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That all depends on that persons situation.

So take a family with one earner (mum/dad) earning £80k, and the other a stay at home parent raising 3 kids. they also have a 180k mortgage paying roughly (4% for example) You think they would be rich/well off in the South east

I don't think so

But again that all depends on their personal situations, just because you earn 80k doesn't necessarily mean your well off.

Every penny cut from the national purse is a penny less for the essential services that are already creaking.
The Tax system needs reforming without a doubt but removing £9b in one slashing for the better off isn't a great idea imo.

Excuse my grammar

I feel like I get shafted tbh, gonna look into every possible benefit/allowance/reduction etc I can and see if there's any way I can milk the system of some dough.

comment by Martial FC (U11781)
posted 2 minutes ago
For too long, the middle class have been squeezed without getting anything in return.

did this idiot actually say that with a straight face
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I think if you list the benefits they receive rather than throwing insults about, that would help the debate.

Should be 0% up to the living wage, 25% on everything thereafter.

Tax rates in this country are criminal.

comment by Hector (U3606)
posted 1 minute ago
Every penny cut from the national purse is a penny less for the essential services that are already creaking.
The Tax system needs reforming without a doubt but removing £9b in one slashing for the better off isn't a great idea imo.
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Your argument is true provided everything stays the same.

But the evidence suggests that tax recipts often increase whenever there has been tax cuts and vice versa.

comment by Pranks- European Champions (U6283)
posted 4 minutes ago
comment by _Viva_Vida (U6044)
posted 1 minute ago
The tax cuts propose by BoJo seems like a gimmick to Tory members to secure votes.

The IFS did the forecast and said it would cost £9bn as laid out in the OP. Boris today has more or less promised increased funding for schools, police, social care and transport infrastructure. The two don't go together.

And yes, I regard someone who earns £80k a year as 'rich', 'well off', however you define it.
----------------------------------------------------------------------
That all depends on that persons situation.

So take a family with one earner (mum/dad) earning £80k, and the other a stay at home parent raising 3 kids. they also have a 180k mortgage paying roughly (4% for example) You think they would be rich/well off in the South east

I don't think so

But again that all depends on their personal situations, just because you earn 80k doesn't necessarily mean your well off.
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My wife and I earn roughly that figure combined in the south east.

Mortgage, cost of commuting, council taxes, income tax, student loan, national insurance etc pretty much ensures we still live month to month.

Yet that salary should be taxed at 40%... That's a joke.

I believe its not the 80% that will benefit, its those who earn between £50k-80k isn't it? So anything you earn over £50k wont be hit by the 40p tax per £1.