+ Visit Cardiff FC for Latest News, Transfer Gossip, Fixtures and Match Results
Results 1 to 24 of 24

Thread: Welsh Income Tax

Hybrid View

Previous Post Previous Post   Next Post Next Post
  1. #1

    Re: Welsh Income Tax

    Quote Originally Posted by Grandstand Boy View Post
    Wrong - Basic rate in Scotland is now 21p
    I said the tax burden hadn't increased meaning the Scots had raised no money by adjusting the rates. I could be wrong but have heard this stated on many occasions on the former Daily Politics show and Adam Boulton's politics programme on Sky.

  2. #2

    Re: Welsh Income Tax

    Quote Originally Posted by Vindec View Post
    I said the tax burden hadn't increased meaning the Scots had raised no money by adjusting the rates. I could be wrong but have heard this stated on many occasions on the former Daily Politics show and Adam Boulton's politics programme on Sky.
    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.

  3. #3

    Re: Welsh Income Tax

    Quote Originally Posted by Lord Dargavel View Post
    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.
    Somewhat agree with the broader point but she isn't responsible for you being a doormat to your employer.

    Unfortunately the tax burden isn't on the rich it is on those with relatively high incomes. Policy makers need to approach this more intelligently. At the moment they are hammering those on PAYE until every single one of them is equally poor, whilst the majority of those super rich who have benefited immensely from growing up and living/working here hide their cash somewhere else.

  4. #4

    Re: Welsh Income Tax

    Quote Originally Posted by Lord Dargavel View Post
    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.
    No we don't. It's £46k.

  5. #5

    Re: Welsh Income Tax

    Quote Originally Posted by Robin Friday's Ghost View Post
    No we don't. It's £46k.
    £11850 allowance + £34501 = £46351. Which is what the previous poster stated.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •