ronki23
Well-Known Member
Why should people who earn more subsidise people who pay less ?
The Labour Party used to only allow £4,045 (1997) to £6,475 (2009) to be tax free and the 40% (higher) tax rate started at £26,100 (1997) to £37,400 (2009).
Tories allowed personal allowance to be £6,475 (2010) to £12,500 (now) tax free and the 40% (higher) tax rate started at £37,400 (2010) to £37,500 (now).
According to Labour I would be a 'higher' earner in 1997 if I was earning £30,145 or £43,875 in 2010 whereas under Tories I wouldn't be a higher earner unless I was £43,875 in 2010 or £50,000 now.
So far so good ?
Tax free allowance would have been more and the higher tax rate would have been lower if it wasn't a Tory-Lib Dem coalition 2010-2015.
And Labour taxed 50p for every £1 earned over £75,000 in 2009 while the Tories taxed 45p for every £1 earned over £150,000. Labour also had high inheritance tax: money that's already tax so in effect double taxation.Not so much with the Tories
Why is it such a bad thing that we are trying to save money by leaving the EU ? It costs us £170-190 million a week : we can use that money elsewhere such as the NHS- at least £8 billion a year.
The Labour Party used to only allow £4,045 (1997) to £6,475 (2009) to be tax free and the 40% (higher) tax rate started at £26,100 (1997) to £37,400 (2009).
Tories allowed personal allowance to be £6,475 (2010) to £12,500 (now) tax free and the 40% (higher) tax rate started at £37,400 (2010) to £37,500 (now).
According to Labour I would be a 'higher' earner in 1997 if I was earning £30,145 or £43,875 in 2010 whereas under Tories I wouldn't be a higher earner unless I was £43,875 in 2010 or £50,000 now.
So far so good ?
Tax free allowance would have been more and the higher tax rate would have been lower if it wasn't a Tory-Lib Dem coalition 2010-2015.
And Labour taxed 50p for every £1 earned over £75,000 in 2009 while the Tories taxed 45p for every £1 earned over £150,000. Labour also had high inheritance tax: money that's already tax so in effect double taxation.Not so much with the Tories
Why is it such a bad thing that we are trying to save money by leaving the EU ? It costs us £170-190 million a week : we can use that money elsewhere such as the NHS- at least £8 billion a year.