Comments | chaletian: Reasons why I will be voting Liberal Democrat on 6th May

chaletian

Reasons why I will be voting Liberal Democrat on 6th May

Apr 20, 2010 22:56

1. I want a government that is not beholden to trade unions, businesses or the press (see data on party donations: http://spreadsheets.google.com/ccc?key=tMKCTfCkE02GL0qqp0Rh3LgRead more... )

politics

Leave a comment

Back to all threads

strandedinaber April 20 2010, 22:58:29 UTC

Hear hear! Just checking though, when you say taxing the rich over taxing the poor, you mean closing the tax loopholes, right, rather than them upping the tax amount on higher earners? I haven't missed something in the manifesto that's gonna piss me off?

ETA: Just realised that doesn't make much sense! I essentially mean, are they closing loopholes rather than upping the percentages on higher bands. That's what the manifesto suggests to me, anyway.

balooky April 20 2010, 23:24:53 UTC

There's a bit of a pension raid IIRC.

strandedinaber April 21 2010, 06:27:04 UTC

Wasn't that one of the loopholes, though? That higher earners pay (percentage-wise) less tax on their pensions? I'm all for that if that's the case, I just don't wanna see them upping taxes on higher earners out of all proportion.

balooky April 21 2010, 19:19:56 UTC

I wouldn't describe it as a loophole.

strandedinaber April 21 2010, 19:56:05 UTC

Well, you'd know better than me - and yeah, you're probably right, that's not a loophole, it was pretty obvious. But that IS the case at the moment, right? That higher earners pay less tax on their pensions than lower earners do? I fully admit to not knowing - well, anything, really - about the tax system...

balooky April 21 2010, 20:20:16 UTC

I'll reply tomorrow - my brain's broken & I can't remember what the pension relief is.

balooky April 22 2010, 18:39:48 UTC

(Sorry Liss I have hijacked your LJ)

Basically the more you pay into your pension of your salary, the less tax you pay on it because you get a proportional tax relief on it. Therefore if you're a higher rate earner (over 38k ish) you'll be hit by this new idea (as far as I can determine). That's why I think it needs further work. I don't dislike it, I think rich people should be taxed more than poor people but it needs further work.

strandedinaber April 22 2010, 18:53:27 UTC

Ah I see! Thanks for clearing that up :D Certainly puts the suggestions into perspective, anyway.

Liss, you can have your LJ back now - sorry!

Back to all threads