How does the new tax rate affect you?

I get an increase this year but then take a massive hit the year after.....Thats so not fair!!!

I also get a yearly pay increase so does that mean that I will be hit more next year (than I already think i will be) when my salary increase in December??!!!!

It looks like I will be better off too, I agree with Tim above that it is completely unfair to tax the low earners.

What upsets me is the thought that my tax pays for benefits cheats to sit on their asses in a free house. That's another thread.

Crikey

Friend's daughter in her first job earns ?14K, take home will fall from ?941 to ?847, a drop of ?94 =- 10%. That's sheer wickedness.

EDIT - and wifey loses ?106

Wicked thieving b*stards. How can they justify this?

Some labour government.

Great way of encouraging people off benefits.

So what band to MPs fall into anyway?

[G]

Its going to be interesting in April 2009 then.

In the space of a month BAM a families household income could be down as much as ?220+ a month.

In a period where people are apparently living off credit cards and only just making end meet I can see alot more court ordered reposessions coming to the UK. ?220+ a month is alot of money to loose over night.

Originally Posted by Sosha

So what band to MPs fall into anyway?

You've got one guess...

Originally Posted by graemepaterson

Its going to be interesting in April 2009 then.

In the space of a month BAM a families household income could be down as much as ?220+ a month.

In a period where people are apparently living off credit cards and only just making end meet I can see alot more court ordered reposessions coming to the UK. ?220+ a month is alot of money to loose over night.

Maybe they are actively trying to start a recession

I don't really understand how all this work, the have made it complex. But it does not seem fair to tax people who earn less money.

I wil be better from what I understand, but I know I'll end paying more than that 2% then took off income tax somewhere else. This can only bad for this country.

I know that until my student loan is paid off, I won't be that much better off, but if I earn what I plan to next year I will be paying off over ?1600 in student loan, a few pound a week my ****.

So what happens when people can't afford to live casue of the rise in tax?

[G]

Originally Posted by muffles

Maybe they are actively trying to start a recession

You might not be far wrong.....they know they have stuffed up badly, they know that more than likely david cameron will be taking over when gordon finally gets off his **** and allows people to vote for what they want.......lets make life difficult for him.

Originally Posted by muffles

Maybe they are actively trying to start a recession

Alistair Darling probably doesn't know what a recession is, unless Gordy's told him. Darling is such a wretched spineless character (much like most Labour ministers), so obviously Browns puppet.

In fact I can imagine Gordan saying 'come along Darling', Black Adder stylee.