£50,000 earners should pay more tax, says Nick Clegg

#3
Way to go Nick. Discouraging personal and business ambition is exactly what this country needs.
I wonder if Charles Kennedy has been giving him drinking lessons?
 
#6
£50k is barely enough to run a family in London and already puts you in the 40% tax bracket, what is this c**t thinking?

Added to that, a lot of those families will be due to fork out on tuition fees too, but that's ok, Nick apologised.....
 
#7
Liberal Democrats announce coalition with Flat Earth Society

THE Liberal Democrats are to join forces with the Flat Earth Society after the two groups double-booked a function room in Brighton.

The Lib Dems had booked a pub skittle alley with eight rows of stackable chairs and a buffet table, with ample space to accommodate all those with a serious interest in the party’s future.

However, due to an administrative error the low capacity room was already occupied by the Flat Earth Society, which believes that the planet is shaped like a massive coin.

The Flat Earthers chose the venue believing that, in the absence of a horizon, it would provide excellent views of France which lies just 73 miles off the south coast.

The globe-deniers then suggested forming a coalition to save everyone the hassle of finding another venue.

Nick Clegg initially said: “As a party of principle we would never align ourselves with a movement whose views we consider backward and hostile to our own progressive agenda.”

However, when word came back that all Brighton B&Bs were full, and the only other option was sleeping on the beach all week in the rain, Clegg said, “In the interests of moving forward, we have decided to work together with the Flat Earth Society, for the good of the country.

“Much as it is possible to be both soft Liberal and hardline Conservative, so it is possible that the world can be both flat and round.

“Or just flat, if necessary.”
 
#10
For someone earning £50,000 the current tax bill is more than enough and in comparison to other competing countries the tax bill for a similar salary is way, way more.

Never mind - I find the generic socialism and lack of visison to be won of the more interesting aspects of the "coalition" In some ways I actually prefer not to have any way of choosing between Labour/Conservative or Lib Dem in terms of doctrine.
 
#11
From the miiitary perspective more of us will be in the 40% tax bracket sooner than you think - whilst Clegg is saving the poor by raising the tax allowance threshold (amount you can earn before paying tax) hes sneekily dropping the 40% threshold at the same time to bring more people into the high tax bracket - a senior high band staffy is very close to the current threshold but with future drops he definetly will be! - another point to consider is that any savings you may have in the bank should also have their interest taxed at 40%
 

jarrod248

LE
Gallery Guru
#13
A friend of mine is semi-retired, he's a nurse and I wanted him to do some locum work. Wouldn't do it as he'd be paying 40% tax on it and he's already given another part-time job up for the same reason.
 
#14
Well, at least this this pronouncement from the Sandals and Beard Party, there is absolutely no risk of them being re-elected - even as part fo a coalition.
 
#15
Easy to avoid this tax rise; just quit your job and take a post collecting supermarket trolleys. Imagine how you'll laugh in glee and triumph when some luckless trolley-mong gets your old job and has to suffer the indignity of paying 50% tax.
 
#16
Who earns over £50K in HM Forces? Try pretty much anybody over the rank of SO2, and if you add in specialist pay into the mix, then expect a large chunk of SO3 and probably a fair number of SNCO to be included as well.
 
#17
I think the threshhold is now too low. I don't have a problem with high earners paying more tax but to put things into perspective, whilst £50,000 is a nice lump of money, especially for those who are not earning that much, there are a lot of people earning much more who would not miss paying more tax on their higher earnings.

This conference for Clegg is more about him facing his party members and keeping and bolstering his position as party leader and hence as deputy prime minister rather than any mind boggling pronouncements that are going to drag the country into prosperity from the mire.

How's it go? How do you tell if a politician is not telling the truth? You can see his lips moving! That's especially true for Clegg at this time!
 

jarrod248

LE
Gallery Guru
#18
Who earns over £50K in HM Forces? Try pretty much anybody over the rank of SO2, and if you add in specialist pay into the mix, then expect a large chunk of SO3 and probably a fair number of SNCO to be included as well.
Plus 20% VAT, fuel taxes, energy taxes, insurance tax and so on.
I'd rather pay 20% VAT and spend more and boost the economy than squirrel money away not knowing how I'll be hit next.
At least my pension is safe...
 
#19
2012/13 Rax allowance £8105 + 40% lower earnings limit £34370 = a £42475 and above salary is in the 40% braket (including savings interest in the bank)

found this document on the net http://www.byallaccountsltd.co.uk/docs/By All Accounts TAX Rates.pdf

which reckons that the 2013/14 rate will be changeing to £9205 + £32245 = £41,450

That may seem like a big salary to many but if you complete your 22 and get a pension then it may effect your future career decisions if you don't want to be in the high tax bracket
 
#20
£50k is barely enough to run a family in London and already puts you in the 40% tax bracket, what is this c**t thinking?

Added to that, a lot of those families will be due to fork out on tuition fees too, but that's ok, Nick apologised.....
40% You wish! Add another 8.66% in NI if your an employee.

Your actual rate of TAX is much nearer to 49%.


Just because they call it National Insurance doesn't mean its not a TAX!
 

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