What’s standard tax rate these days?
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Europe IV: The Final Hour
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Basic rate: £12,501 to £50,000 at 20%
Higher rate: £50,001 to £150,000 at 40%
Additional rate: over £150,000 at 45%
So you'd be paying £12,000 in tax on that £30K between £50-80K, essentially it's a £6,000 gift to an already well healed salary (you can live very comfortably on a £50-60K salary unless you fill yourself up with debt).Last edited by MartyG; 11-06-2019, 07:40.
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Originally posted by charlesr View PostSoooooooo...... The salary for members of parliament is £75k. And Boris Johnson has vowed to bring the cut off for higher rate tax up to £80k.
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Originally posted by Superman Falls View PostIt's weird that it's so bracketed in a simplistic manner rather than a sliding scale. If you're on £49k and are offered a £5k pay rise you basically have zero incentive to accept it.
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Originally posted by Brad View Post
Stupid to raise the tax bracket though, as mentioned people on those salaries have enough money as it is. They should be helping those less fortunate.
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It's quite alarming that so many people are able to be hoodwinked by Johnson: https://www.telegraph.co.uk/politics...ction-becomes/ (the full article is paywalled, but the first couple of paragraphs give you the gist).Last edited by MartyG; 12-06-2019, 11:07.
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I think he's the only candidate they have with the potential to stave off a slim Labour coalition victory but I find the idea that he'd win a 140 seat majority so ludicrous that whoever wrote that has to have invested interests in him. Be it Boris or whoever, they're in for a very nasty shock when they discover that replacing May changes very little and if there's a GE the Tories will lose seats, no question.
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Well it's in the Torygraph, but it's based on the figures from an opinion poll done by ComRes, not just completely made up. But it matters because if conservative MPs want to keep their seats and Johnson is polling massively ahead to secure that, MPs are more likely to back Johnson in the leadership contest.
In fact, based on that polling, they might even be tempted to call a GE if Johnson wins ahead of the Brexit deadline - new parliament, new rules on No Deal Brexit.Last edited by MartyG; 12-06-2019, 10:33.
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