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The Rich get richer, much richer1


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shouldn't you two be listening to teacher and not logging onto SF in school time?

 

what next? My brother is bigger than your brother ..

 

Can we make them both stand in the corner and think about what they've done?

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Fuel prices are low too. 40p per litre or so lower than 2007.

I'll just leave this here so everyone can laugh at you.

 

---------- Post added 14-06-2016 at 18:51 ----------

 

For example.

I've proved we are earning more money,

No you didn't. You actually proved that takehome pay has increased slightly due to a change in the tax bands.

But you failed to take into account inflation and other changes in taxation.

keeping more money & an essential cost like fuel is 40p per litre cheaper

As previously pointed out by someone, that's just 1 essential. RPI is still positive though, so cherry picking fuel doesn't show that the cost of living has fallen (even ignoring that you got the decrease in fuel price wrong).

 

I ask for the final time, what tax burden, as I haven't noticed. Apart from a 4% rise in council tax.

 

You haven't noticed.. So what. That doesn't mean anything.

To pick a few changes out.

Child Tax Benefit withdrawn for any household with someone earning >50k.

Dividend tax changes to the detriment of small business owners.

VAT increased to 20%.

Additional stamp duty added onto 2nd house purchases.

Interest relief on letting profit removed.

Insurance premium tax increased by 30%.

Maximum pension pot size reduced (before tax relief is withdrawn)

 

Have another (or probably the 1st) look at this one again.

 

http://webarchive.nationalarchives.gov.uk/20160105160709/http://www.ons.gov.uk/ons/rel/household-income/the-effects-of-taxes-and-benefits-on-household-income/50-years-of-the-effects-of-taxes-and-benefits-analysis/sty-taxes-and-benefits-on-household-income.html

 

Scroll down to figure 2. See how gross income started to fall after 2009.

 

---------- Post added 13-06-2016 at 13:05 ----------

 

And here, the ONS analysis

 

http://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth/bulletins/nowcastinghouseholdincomeintheuk/2015-10-28

 

retired households now slightly better off than before the 07-09 crash.

working households still worse off than before the crash.

 

Overall, the average is just about level with the pre crash figures.

Based on these provisional estimates, the median household disposable income was £25,600 in 2014/15. After taking account of inflation2 and changes in household composition over time, this figure is broadly comparable to the pre-economic downturn level observed in 2007/08 (£25,400).

 

Or you could try responding to any of this :roll:

Edited by Cyclone
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Nobody's laughing. We just all want to go home.

 

Me too. It's pathetic.

 

---------- Post added 14-06-2016 at 23:56 ----------

 

How do you KNOW dude? :huh:

 

I am the oracle.:D

 

---------- Post added 14-06-2016 at 23:57 ----------

 

I'll just leave this here so everyone can laugh at you.

 

---------- Post added 14-06-2016 at 18:51 ----------

 

 

 

So I couldnt remember the exact year. Its irrelevant to the point.

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