Finanzministerium erwägt Senkung der Schwellenwerte für höhere Einkommensteuersätze im Haushalt – britische Politik live | Politik

This will make the £100k tax trap significantly more painful. And further shift the burden of tax further and further onto higher incomes.

Maybe it’s better politically, but this is a bad move economically. And the absolute weaseliest of weasels to claim that they technically met their manifesto promise.

Yes tax billionaires  but do it on wealth please. Putting the burden on high earning professionals who already pay plenty of tax just continues to squeeze the middle class. 

They need to be bloody _raised!_

They’ve been frozen so long the higher rate has already nearly been caught up by the average full time salary. Add into that that a lot of those over the average are effectively paying an additional earnings tax already (ballooned student loans) and we’re getting raked.

Given how much inflation there’s been in recent years if anything they should be raised. Lowering them would be a significant increase in real terms.

And now the media, having been wrong about the rise in the basic rate, move on to the next unpopular thing the government might or might not do.

Can’t we just wait for the Budget?

There’s a huge problem with doing this. Over the past few weeks the cost of Government borrowing has been decreasing as the markets were pricing in the rumoured 2p increase in income tax. This would have raised billions and basically would have plugged the ‚black hole‘ without the need for any other tax rises. The markets liked it as it would have shown that the Government was serious about fixing the economy. After this morning’s announcement borrowing costs have surged again. Higher borrowing costs mean a bigger black hole which will result in further tax hikes at next year’s budget. Labour are creating a doom loop and I can’t see how they are going to fix it.

I wish the Brits had more of a fighting spirit. The dominant frame is that we’re little Children and the government are parents coming to punish us every November. If everyone just stopped paying tax all at once, the illusion would fall apart. There’s no social contract anymore, all they do is make things worse, they are not needed.

Ah the classic, *We said we won’t increase income tax, BUT we didn’t say we wouldn’t lower the thresholds to bump you into the higher bracket*

Honestly I’d actually be impressed with the sheer audacity if they pulled a move like that 😂

They are leaking this shit to see what pisses ppl off the least/most. Fuck me. Nothing like having a plan and evidence based policy eh. Because this is nothing like it.

Just imagine now they can claim that haven’t broken their promise. First NI rise, then tax on pension contributions now lowering tax brackets – basically all the measures that are affecting take home pay for normal working people, but they would claim that they haven’t broken their manifesto promise. What a mockery.

What brings people to hate ambition and success so much? Is it jealousy that they could never be a success in the private sector?

Jesus Christ that would be incredibly stupid. We won’t have any money to spend in the economy at this rate

You can’t fill up the bucket by pouring more water in while there’s a massive hole at the bottom. We’re spending far beyond our means and the only way to bring things back into kilter is to slash welfare and cut taxes so people who are earning feel better off and spend more, which generates more economic activity and more employment and more tax.

They keep trying to squeeze people who aren’t cash rich and so we keep tightening our belts. I’m not spending a penny I don’t have to at present, I’m sacrificing into my pension and just trying to preserve my free childcare hours and if they bring the thresholds down I’ll cut down to 4 days.

Stop pissing my tax money up the wall and maybe I wouldn’t mind, but they keep wasting what they get n the billions and so I’m going to look after myself and my family first.