Budget stealth tax

[amir_j]

...Darling has also decided to freeze all income tax
bands, which will lead people to pay more tax on
their earnings.
The tactic is a classic “stealth tax” and will be far
larger than previously attempted. Personal
allowances were last frozen almost a decade ago.
Every higher-rate taxpayer earning more than
£43,875 will pay an additional £489 in tax as a
result of the move, and 75,000 more people will
pay this higher-rate tax for the first time.

[tank slapper]

Fiscal drag was one of Brown's favorite tactics, so it is no surprise that Darling uses it too. I wonder how much of the budget Darling has actually written, and how much was dictated by Brown.

[Busa_Rush]

tank slapper said:

Fiscal drag was one of Brown's favorite tactics, so it is no surprise that Darling uses it too. I wonder how much of the budget Darling has actually written, and how much was dictated by Brown.

Darling . . . read this today . . . there's a good chap !

[Broccers]

Also what deifnes a 'first time buyer' when purchasing a house to get zero stamp duty upto 250k?

I would presume a person with no mortgage? How do they admin that?

[Slaav]

Broccers said:

Also what deifnes a 'first time buyer' when purchasing a house to get zero stamp duty upto 250k?

I would presume a person with no mortgage? How do they admin that?

Employ tons of idiots with Final Salary Pensions and then wonder why the IT spend hasnt been enough, despite a firm 'quote' saying they only need 3 people and to spend £78 on the systems behind it....

Another 32,112 votes for these idiots!

[Nuclearsquash]

Don't quote me on this as i may be wrong, and i defer to the greater knowledge of PH, but i think some one can be classed as a FTB if they have not held a mortgage in the past 3 years. Any time less than that and you are considered as a "previous borrower with lender x", unless obviously they haven't actually ever had a mortgage.

Edited by Nuclearsquash on Wednesday 24th March 11:35

[Mclovin]

if you want one reason to vote these idiots out, they made the tax system so damn complex you end up paying more tax but you also need to pay a team of accountants to do your accounts......my boss says he used to do his own accounts until fat brown was made chanceller....

tax shouldnt be taxing, isnt that what the scumbag bbc women in the adverts says....

[JacksHereR]

here we go...http://news.bbc.co.uk/1/hi/uk/7459669.stm

[tank slapper]

Here we go. Bend over chaps.

[JacksHereR]

trousers down at the ready

[amir_j]

Its pre election so will be relatively gentle, wait till he get us after

[tank slapper]

This guy actually believes that they have had a positive effect on the recession. Oh dear.

[MiniMan64]

Don't they just leak everything he is going to say anyway? Will there really be any suprises?

[tank slapper]

They usually keep a few things back, and they will most definitely hide the more unpopular bits deep in the wording of the document in the hope that we don't notice.

[Chris Type R]

Nuclearsquash said:

Don't quote me on this as i may be wrong, and i defer to the greater knowledge of PH, but i think some one can be classed as a FTB if they have not held a mortgage in the past 3 years. Any time less than that and you are considered as a "previous borrower with lender x", unless obviously they haven't actually ever had a mortgage.

Edited by Nuclearsquash on Wednesday 24th March 11:35

I wonder if you'd qualify as a FTB if it was a joint purchase and one of the couple hadn't held a mortgage before

[andy400]

Chris Type R said:

Nuclearsquash said:

Don't quote me on this as i may be wrong, and i defer to the greater knowledge of PH, but i think some one can be classed as a FTB if they have not held a mortgage in the past 3 years. Any time less than that and you are considered as a "previous borrower with lender x", unless obviously they haven't actually ever had a mortgage.

Edited by Nuclearsquash on Wednesday 24th March 11:35

I wonder if you'd qualify as a FTB if it was a joint purchase and one of the couple hadn't held a mortgage before

I was just wondering the same....

[amir_j]

Lots of foreplay about how Labour have actually been amazingly brilliant

[amir_j]

The under 24 years scheme where by they gurantee you a job/training if out of work for at least 6 months to be extended to 2012

[ln1234]

250k Stamp Duty threshold confirmed

5% stamp duty for properties over a £million

Edited by ln1234 on Wednesday 24th March 12:51

[amir_j]

Stamp duty from midnight doubled to £250k from midnight for FTB, funded through increase in stamp duty to 5% for properties over 1 million