fatmanstokie
Subs Bench
[M:25]
handle each situation like a dog.... if you can't eat it, or hump it, wee on it and walk away
Posts: 793
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Post by fatmanstokie on Jun 23, 2010 1:50:30 GMT
aye they do indeed, no additional rise that could have happened at least
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Post by Stealth on Jun 23, 2010 11:47:40 GMT
That's going to hit the unemployed really hard and it won't even be offset by the increase in Income Tax personal allowances as unemployment benefit isn't that much! Unfortunately this budget owes more to the Tory policies than the Lib Dems.
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Post by Enya_NTFC on Jun 24, 2010 11:53:46 GMT
I wish people would stop moaning about the bloody VAT, Labour would have had to do similar so stop moaning.
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Post by Stealth on Jun 29, 2010 13:01:50 GMT
Not if they'd managed the economy properly in the first place!
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fatmanstokie
Subs Bench
[M:25]
handle each situation like a dog.... if you can't eat it, or hump it, wee on it and walk away
Posts: 793
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Post by fatmanstokie on Jul 5, 2010 21:02:56 GMT
ill be honest 17.5% is one of the lowest in the EU and 20% still wont be the highest, sure things are going to get worse... at least we aint greeks!!
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Post by Stealth on Jul 7, 2010 12:48:12 GMT
I still prefer the Japanese system if it's the same as when I was there. They have extraordinarily low income tax rates but VAT (or Purchase Tax) is graduated according to the level of necessity i.e food is 0% whereas a luxury yacht would be 1,000% or work boots may be 5% but a pair of designer trainers 100%. Not only is it a fair way of taxing income as obviously the rich are the ones buying luxury yachts etc. but, because they keep so much of their income they also invest it and, certainly at one time, that meant they had the highest number of private stockholders in the world.
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