Gruggs Posted April 22, 2009 Share Posted April 22, 2009 Well that was a bit of an interesting one... just thought i'd offer my services to any young single females out there as they are quids in if they get up the duff! Happy to provide a service to the public for a small fee! On a more serious note Bit of a blow to the higher rate tax payers..50% is a bit steep! Plus must go an buy some ole bangers and save them up to trade in at £2k Quote Link to comment Share on other sites More sharing options...
JustGav Posted April 22, 2009 Share Posted April 22, 2009 Well that was a bit of an interesting one... just thought i'd offer my services to any young single females out there as they are quids in if they get up the duff! Happy to provide a service to the public for a small fee! On a more serious note Bit of a blow to the higher rate tax payers..50% is a bit steep! Plus must go an buy some ole bangers and save them up to trade in at £2k They need to fund the bailout plan somehow, you didn't think it would come from the 'invisible' reserves they have did you? Quote Link to comment Share on other sites More sharing options...
Gruggs Posted April 22, 2009 Author Share Posted April 22, 2009 They need to fund the bailout plan somehow, you didn't think it would come from the 'invisible' reserves they have did you? Dont get me wrong Cameron had an easy victory today as Captain Darling was pretty much done no matter what he did. The invisible reserves would have been helped if Gordon Brown hadnt sold off all our gold reserves on the cheap. I dont think the 50% will have that much of an impact as my clients who "earn" those sums of money are involved in tax efficient planning with brings them down significantly below that. I would think that will be the case for most of the high earners. Quote Link to comment Share on other sites More sharing options...
tooquicktostop Posted April 22, 2009 Share Posted April 22, 2009 Going to have to ask my next pay rise be capped at £149999K to avoid this 50% trauma Quote Link to comment Share on other sites More sharing options...
Gruggs Posted April 22, 2009 Author Share Posted April 22, 2009 such a hardship isnt it. Its kind of a bitter sweet reaction when you realise you are not affected by the 50% or the removal of personal allowances. Quote Link to comment Share on other sites More sharing options...
Lbm Posted April 22, 2009 Share Posted April 22, 2009 Going to have to ask my next pay rise be capped at £149999K to avoid this 50% trauma Very wise. I'll do the same Don't forget to allow yourself the additional 99p. You'll still come in under the threshold. Quote Link to comment Share on other sites More sharing options...
Ian R Posted April 22, 2009 Share Posted April 22, 2009 That will be the reserves that the tories ensure are there when times are tough. The ones that Gordon brown didn't bother to build up in the Boom. What message does this send out to Jo public borrow borrow borrow. How long before we are like Iceland. If you work hard and make a reasonable living under labour you just have to except that they will fleece you in one way or another and give it to the uneducated lazy scrotes. Look through history and it always goes the same way. Labour come in borrow screw up the national debt and then the tories have to come in and sort it again. Quote Link to comment Share on other sites More sharing options...
MARTIN R Posted April 22, 2009 Share Posted April 22, 2009 It will never change. Where there is Greed there will be boom and bust Quote Link to comment Share on other sites More sharing options...
tbourner Posted April 22, 2009 Share Posted April 22, 2009 Going to have to ask my next pay rise be capped at £149999K to avoid this 50% trauma I don't understand that. Surely someone earning £150,000 is still getting more money than someone earning £149,999? It's only the extra pound that is taxed at the higher rate. Why would you ask to be given less money! Quote Link to comment Share on other sites More sharing options...
Gaz6002 Posted April 22, 2009 Share Posted April 22, 2009 We're all in debt the second we're born anyway, borrowing is the foundation of our financial institutions. There's no escaping it, so get yourself a platinum card and be done with with Quote Link to comment Share on other sites More sharing options...
tooquicktostop Posted April 22, 2009 Share Posted April 22, 2009 I don't understand that. Surely someone earning £150,000 is still getting more money than someone earning £149,999? It's only the extra pound that is taxed at the higher rate. Why would you ask to be given less money! it was in jest !!, not sure I would be too worried about a 50% tax rate on anything over 150K to be honest, most employees will take the salary in some other way (stock options etc) to avoid anyway I guess Quote Link to comment Share on other sites More sharing options...
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