Income Tax Threshold.

• 

  Yes i was under that impresion that it was to be 10, 000 i must have read it wrong or thats what i wanted it to read. Am i wrong in thinking that paying less tax stimulates people and and the econemy into doing more ie more work more and better machinery? I have spoken to people in America when my family and i were over there, they hate any sort taxation and will vote for any party that cuts it, and they are great consumers, empty shops? we did not see any! I belive we paid about 3% tax on clothes we bought, fuel also was much cheaper but we did notice that a lot of goods were made in china and india but they do have this spirit of we can do!

  By specss at 12:09 on 28/06/10

    Report

            

   
• 

  Daisy-Dares-U - back when Labour dropped the rate to 15% everybody said it was crazy because it "wouldn't make any difference" and was a waste of money. The figures suggest the criticism was correct. On the same logic - VAT rising to 20% wont make a whole deal of difference either. While NO tax rises are fun - I cant see somebody deciding not to buy their sofa because an extra 2.5% will be added to it - and if they DID decide that then they'd still have to do *something* with that money they didn't spend on the sofa. Save it - helps repair the banks broken accounts. Spend it elsewhere - helps those businesses. What everybody forgets is that there is only one pot of money - you cannot "take money out of the economy" as the economically-illiterate always say - you can only change where it goes and who gets to spend it.

  By Cllr Steve Tierney at 01:30 on 27/06/10

    Report

            

   
• 

  Everything's being recouped from somewhere, we dont get a break! VAT to rise is one of the worst things.. nobody will want to shop which will take us back to where we started wont it? Most things are becoming far too expensive as it is! When is it going to end?

  By Daisy_Dares_U at 00:23 on 27/06/10

    Report

            

   
• 

  I think the Lib-Dems said they would raise it to £10000 straight away but the conservative-Lib Dem coalition have taken the idea and made it more practical with the current economic climate.
  
  We would lost too much money at this crucial time so they wouldnt get a break in the end as this would need to br recouped elsewhere.

  By Stalkingtiger at 00:11 on 27/06/10

    Report

            

   
• 

  Sure - it was never £10,000 this year, it was an extra £1000 this year - rising each year thereafter towards a target rate of £10,000 by the end of this parliament.

  By Cllr Steve Tierney at 23:55 on 26/06/10

    Report

            

   

Show all Comments