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it's not really like its that much of a tax increase as you only pay 45% on whatever you earn over 150k.
Its not like at 149k you have more money than when you earn 151k (if that makes sense) because you are only taxed 45% on what you earn OVER 150k.
You get the first 6k Tax-Free.
So if you earn 1million you dont pay 450k. You pay a fair bit less.
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And alot of people don't study economics type subject, so epic failz at you.Quote:
Originally Posted by Ramones
My post had relevance to the person who posted it ;)
Quote:
Originally Posted by jam666
I will, actually.
You quite clearly have no idea what you're talking about.
It isn't labours fault, it is simply a **** time........economies on a global scale are buggered, it isn't just ours. Our government are dealing with it well......they've already bailed out the banks (which HAD to be done - not the governments fault - but the fault of greedy, overpaid bankers), and now they're planning to cut the taxes on people earning less than 40K a year, therefore easing the financial burden on those who need it most.
Times are hard and the people on low incomes are the people that need the money most. True, those earning high wages will feel aggrieved at being taxed more, but they don't need that money to survive. They simply want that money to enrich their life.
Society is there to protect those who really need it, and the money should be distributed as such. That is what labour government is all about, and that is what they are trying to do.
They've cut VAT by over ten percent, which is significant. You're arguing about it and saying that the price of products haven't come down a great deal, but the price of VAT on a product was only 17.5 percent in the first place. If you want a noticable price cut then you should start asking questions of the retailer, not the government.
If elected, the conservatives will reduce taxing on the rich, cut spending on public services, and increase state spending. Taxes will not reduce, the poor will be poorly looked after, and our economy will be put into the hands of a party that has consistently failed in the past.
I'll be voting labour come the next general election, and I'm sure, that despite your nonsense statement, many others will be too.
This is awsome! I will be able to get my laptop I wanted with my own money!
I ordered my new laptop the day before the budget announcement- dammit lol :(Quote:
Originally Posted by Earthquake
Your post had relevance to the person who posted it? So it had relevance to you? wow your clever.Quote:
Originally Posted by Sc0tteh
And no your post wasn't correct, see my above for the real economics type answer ;)
Most retailers have price elastic demand as theres substritutes for most things
The post had relevence to the person which i was quoting, fool.
lol theres alot more to take into account than substritute ;) goods, stop thinking economic textbook and start thinking real life.Quote:
Originally Posted by Sc0tteh
whats that bit mean?Quote:
Originally Posted by Sc0tteh
if a product is more elastic, then any change in price will affect demand by a huge amount. if it is more inelastic then if the price of the product changes then there will be a very little change in demand. Inelastic products tend to be goods which are necessary for living so petrol, bread etc. Elastic goods tend to have substitutes such as TVs and other electrical appliancesQuote:
Originally Posted by Corporal