*_ash_* Posted February 14, 2013 Share Posted February 14, 2013 He's finally said something about his ideas for a budget. Introduce mansion tax on houses over 2 million quid. With the money made from this, reintroduce the 10p in the pound tax, which he said will help 25 million working people. He reckons it will make 2billion. Seems optimistic to make that much. It would mean 80 in peoples pockets if it works. Minus of course the amount to introduce 2 taxes. Also bringing back 50p top band Link to comment Share on other sites More sharing options...
truman Posted February 14, 2013 Share Posted February 14, 2013 The 50p tax rate is a purely political move..when it was in use before this happened.. "The HMRC thinks that the total declared taxable income of those earning more than £150,000 a year slumped from £116bn in 2009-10, to £87bn in 2010-11." from the beeb People just re-arranged their finances to avoid paying it..what Makes Ed think this won't happen again? Link to comment Share on other sites More sharing options...
taxman Posted February 14, 2013 Share Posted February 14, 2013 He wants to reintroduce the 10p starting tax rate but says he doesn't know what the tax band will be because that depends upon how much the mansion tax will raise. So not really carefully and fully costed then. Link to comment Share on other sites More sharing options...
truman Posted February 14, 2013 Share Posted February 14, 2013 He wants to reintroduce the 10p starting tax rate but says he doesn't know what the tax band will be because that depends upon how much the mansion tax will raise. So not really carefully and fully costed then. He's not really talking about anything new either..the 10p rate used to exist before Brown got rid of it and the "mansion tax" is Vince Cable's idea.. Link to comment Share on other sites More sharing options...
*_ash_* Posted February 14, 2013 Author Share Posted February 14, 2013 He wants to reintroduce the 10p starting tax rate but says he doesn't know what the tax band will be because that depends upon how much the mansion tax will raise. So not really carefully and fully costed then. A far simpler plan would be to make the low tax band 10k, which it is getting close to. We can already observe what happens to housing markets when you start taxing high value property. Link to comment Share on other sites More sharing options...
Manlinose Posted February 14, 2013 Share Posted February 14, 2013 He wants to reintroduce the 10p starting tax rate but says he doesn't know what the tax band will be because that depends upon how much the mansion tax will raise. So not really carefully and fully costed then. it's a statement of intent rather than a full blown policy Link to comment Share on other sites More sharing options...
*_ash_* Posted February 14, 2013 Author Share Posted February 14, 2013 He's not really talking about anything new either..the 10p rate used to exist before Brown got rid of it and the "mansion tax" is Vince Cable's idea.. He said in his speech that Brown made a mistake removing it. Link to comment Share on other sites More sharing options...
truman Posted February 14, 2013 Share Posted February 14, 2013 He said in his speech that Brown made a mistake removing it. How did Ed vote in 2007 when it was removed? ---------- Post added 14-02-2013 at 16:24 ---------- it's a statement of intent rather than a full blown policy It's a sound bite..it's what he thinks people want to hear..it's playing politics..like they all do.. Link to comment Share on other sites More sharing options...
altus Posted February 14, 2013 Share Posted February 14, 2013 He wants to reintroduce the 10p starting tax rate but says he doesn't know what the tax band will be because that depends upon how much the mansion tax will raise. So not really carefully and fully costed then. Sounds like he's planning to reduce the tax free amount to make up any difference. Link to comment Share on other sites More sharing options...
*_ash_* Posted February 14, 2013 Author Share Posted February 14, 2013 How did Ed vote in 2007 when it was removed? ---------- Post added 14-02-2013 at 16:24 ---------- It's a sound bite..it's what he thinks people want to hear..it's playing politics..like they all do.. Not sure of the answer truman. I'm using tablet which limits internet searching. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.