Originally Posted by
Lord Dargavel
In 2018/19 Evil Janice Krankie and her finance chums adjusted the rates of income tax here in Scotland. Now there is a starter rate of 19%, then 20%, then 21% and then 41% which kicks in after earning £31,581 above your personal allowance. The top tax bracket of 46% kicks in on earnings of £150,000 above your personal allowance.
In this same year, the rest of the UK pay 40% at £34,501 above the personal allowance, and 45% from £150K.
I have a close eye on the Scottish budget next month as the 40% bracket is moving to £50,000 for the rest of the UK (or £37,500 above the standard personal allowance of £12,500). If the SNP do not at least match the increase of basic rate of £3,000 then middle income earners will fall even further behind their colleagues elsewhere in the UK.
Evil Janice believes that anybody earning over £43,430 is rolling in cash and should be taxed more heavily to assist the poorest in society. I'd like her to knock my door in the next campaign so I can ask her if she thinks my "hourly rate" is excessive, when I factor in the untold hours working at home away from the workplace.
Friends up here believe that the SNP are taking now so they can offer a big financial "give away" when it comes to voting time but I don't buy this at all.
Now whether this rebalancing of tax has increased the tax burden I do not know, but I'd be surprised if it hadn't.