|
|
Post by Pacifico on Nov 20, 2023 18:29:28 GMT
Do you not think that a 98% tax rate on investment income might not have had rather more to do with the dearth of investment in the UK at that time? It might have but you would need to give the periods it ran for in order to get some idea of why it was introduced, for instance was it introduced before or after Wilson's attempt to get industry moving? after - Wilson had a top tax rate of 'only' 95%...  |
|
|
|
Post by Red Rackham on Nov 20, 2023 18:49:07 GMT
It might have but you would need to give the periods it ran for in order to get some idea of why it was introduced, for instance was it introduced before or after Wilson's attempt to get industry moving? after - Wilson had a top tax rate of 'only' 95%... Christ 95% that's incredible. I remember Wilson, I left school in 1975 so obviously I paid tax under a Wilson government, but I didn't pay 95% that's for sure. |
|
|
|
Post by Dogburger on Nov 20, 2023 19:35:07 GMT
I dunno , I think many Tories are sticking around out of some sort of misled loyalty to their local MP's . As the GE approaches they will realise as a party that the games up and that Reform is the only alternative . No right-wing government is, or ever has been, the answer to anything. I don't think the country is naturally right wing its just where many are being pushed due to the incompetence of government and that the downright shitshow of previous labour governments leaves us fearing much of the same |
|
|
|
Post by see2 on Nov 20, 2023 21:57:57 GMT
It might have but you would need to give the periods it ran for in order to get some idea of why it was introduced, for instance was it introduced before or after Wilson's attempt to get industry moving? after - Wilson had a top tax rate of 'only' 95%... That does not answer the question. Do you have a problem with the question? |
|
|
|
Post by see2 on Nov 20, 2023 22:07:09 GMT
No right-wing government is, or ever has been, the answer to anything. I don't think the country is naturally right wing its just where many are being pushed due to the incompetence of government and that the downright shitshow of previous labour governments leaves us fearing much of the same There has never been a greater "shit show" than the one imposed by the right-wing 'stocking footed' fascist Thatcher. |
|
|
|
Post by Pacifico on Nov 20, 2023 22:39:05 GMT
after - Wilson had a top tax rate of 'only' 95%... . Do you have a problem with the question? Really? "for instance was it introduced before or after Wilson's attempt to get industry moving?"Why does 'after' not answer your question? - is it some kind of cryptic crossword clue?  |
|
|
|
Post by see2 on Nov 20, 2023 22:52:23 GMT
That does not answer the question. Do you have a problem with the question? Really? "for instance was it introduced before or after Wilson's attempt to get industry moving?"Why does 'after' not answer your question? - is it some kind of cryptic crossword clue? You have posted what the question was about, it was not about before or after the introduction of the high tax rate. It was as you well know, about before or after Wilsons offer of financial aid to industry. |
|
|
|
Post by dappy on Nov 20, 2023 23:41:53 GMT
after - Wilson had a top tax rate of 'only' 95%... Christ 95% that's incredible. I remember Wilson, I left school in 1975 so obviously I paid tax under a Wilson government, but I didn't pay 95% that's for sure. The top rate of tax reached 98% in the 1970s. That was payable on income of the equivalent of c£250k in todays money and even then only on investment income rather than income from work. Thatcher moved the tax burden from direct (income tax) to indirect (vat) thereby taxing the rich less and the poor more. The same instincts permeate the Tory Party to this day. |
|
|
|
Post by Red Rackham on Nov 21, 2023 0:06:59 GMT
Christ 95% that's incredible. I remember Wilson, I left school in 1975 so obviously I paid tax under a Wilson government, but I didn't pay 95% that's for sure. The top rate of tax reached 98% in the 1970s. That was payable on income of the equivalent of c£250k in todays money and even then only on investment income rather than income from work. Thatcher moved the tax burden from direct (income tax) to indirect (vat) thereby taxing the rich less and the poor more. The same instincts permeate the Tory Party to this day. I accept VAT is a burden, it's a regressive tax that was introduced in 1972 by the Heath government, and I accept it adversely affects the less well off in society. Since VAT was introduced 50 years ago, have Labour ever reduced it? |
|
|
|
Post by dappy on Nov 21, 2023 0:18:42 GMT
Well yes actually but not really the point surely. We’ll see whether the Tories focus their election bribe on the rich (inheritance tax) or the poor (tax thresholds, pension rises, benefits rises)
|
|
|
|
Post by Red Rackham on Nov 21, 2023 0:31:10 GMT
Well yes actually but not really the point surely. We’ll see whether the Tories focus their election bribe on the rich (inheritance tax) or the poor (tax thresholds, pension rises, benefits rises) When did Labour reduce VAT? I know Starmer is planning to add 20% VAT to private school fee's which is a classic Labour attack on private education. It wont affect high end schools like Eaton and Harrow but is likely to have a significant impact on smaller private schools forcing parents to send children into the already overstretched state sector. |
|
|
|
Post by andrewbrown on Nov 21, 2023 1:35:12 GMT
When did Labour reduce VAT? 2009. |
|
|
|
Post by Red Rackham on Nov 21, 2023 1:41:40 GMT
When did Labour reduce VAT? 2009. No kidding, you could have furnished me with a bit of info ffs. Don't bother I'll find it meself, sniff... |
|
|
|
Post by Red Rackham on Nov 21, 2023 1:44:03 GMT
When did Labour reduce VAT? 2009. Was that a temporary reduction?.. |
|
|
|
Post by jonksy on Nov 21, 2023 1:59:41 GMT
When did Labour reduce VAT? 2009. That was a tempory reduction made in 2008. Maybe you should practice what you preach and learn to READ.
VAT to return to 17.5%, but no higher, says chancellor
|
|
