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Labour V Conservative , by Daniel Silk on Nov 21, 2022 7:42:54 GMT 1, If the UK had an Election today, who would you Vote for?
Labour, Conservative or something else.
Banksy is very openly a strong Labour Supporter and his artwork has always had its roots in Politics and Social issues, so it's interesting to get an angle on the views of the Banksy followers.
If the UK had an Election today, who would you Vote for? Labour, Conservative or something else. Banksy is very openly a strong Labour Supporter and his artwork has always had its roots in Politics and Social issues, so it's interesting to get an angle on the views of the Banksy followers. |
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Labour V Conservative , by Sebastian Dusseldorf on Nov 21, 2022 8:53:26 GMT 1, Could make sense to split the vote by those who can actually vote in the UK and others.
Could make sense to split the vote by those who can actually vote in the UK and others.
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chrispa
Junior Member
Posts • 1,399
Likes • 565
May 2006
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Labour V Conservative , by chrispa on Nov 21, 2022 10:15:14 GMT 1, The Tories have f**caked the economy and are making the working class pay whilst the idle rich still pay 10% tax on their capital gains....or use their "non dom" status to pay no tax (like Sunaks wife)
How could anyone vote for them!!
The Tories have f**caked the economy and are making the working class pay whilst the idle rich still pay 10% tax on their capital gains....or use their "non dom" status to pay no tax (like Sunaks wife)
How could anyone vote for them!!
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Labour V Conservative , by Random Ginger Bloke on Nov 21, 2022 10:30:16 GMT 1, *Scottish anger intensifies 🤣
This and the world cup commentary are gonna push me over the edge today haha
*Scottish anger intensifies 🤣
This and the world cup commentary are gonna push me over the edge today haha
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Labour V Conservative , by Pete the Post on Nov 21, 2022 11:07:26 GMT 1, Not that sure i would see Banksy as overly supportive of this incarnation of labour somehow. They are shit. Pretty sure he will be looking on with disappointment and voting green.
He hasnt called to confirm this.
Not that sure i would see Banksy as overly supportive of this incarnation of labour somehow. They are shit. Pretty sure he will be looking on with disappointment and voting green.
He hasnt called to confirm this.
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Poster Bob
Junior Member
Posts • 5,803
Likes • 5,418
September 2013
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Labour V Conservative , by Poster Bob on Nov 21, 2022 11:12:25 GMT 1, The Tories have f**caked the economy and are making the working class pay whilst the idle rich still pay 10% tax on their capital gains....or use their "non dom" status to pay no tax (like Sunaks wife) How could anyone vote for them!!
The rich pay 10% tax on their capital gains? That’s certainly news to me.
The Tories have f**caked the economy and are making the working class pay whilst the idle rich still pay 10% tax on their capital gains....or use their "non dom" status to pay no tax (like Sunaks wife) How could anyone vote for them!! The rich pay 10% tax on their capital gains? That’s certainly news to me. |
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chrispa
Junior Member
Posts • 1,399
Likes • 565
May 2006
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Labour V Conservative , by chrispa on Nov 21, 2022 11:47:03 GMT 1, The Tories have f**caked the economy and are making the working class pay whilst the idle rich still pay 10% tax on their capital gains....or use their "non dom" status to pay no tax (like Sunaks wife) How could anyone vote for them!! The rich pay 10% tax on their capital gains? That’s certainly news to me.
(as opposed to workers paying £25% and then 40% + National Insurance on earnings)
The Tories have f**caked the economy and are making the working class pay whilst the idle rich still pay 10% tax on their capital gains....or use their "non dom" status to pay no tax (like Sunaks wife) How could anyone vote for them!! The rich pay 10% tax on their capital gains? That’s certainly news to me. 10% up to £37K then 20%. (as opposed to workers paying £25% and then 40% + National Insurance on earnings) |
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Labour V Conservative , by its all about me on Nov 21, 2022 12:00:45 GMT 1, The rich pay 10% tax on their capital gains? That’s certainly news to me. 10% up to £37K then 20%. (as opposed to workers paying £25% and then 40% + National Insurance on earnings)
The rich pay 10% tax on their capital gains? That’s certainly news to me. 10% up to £37K then 20%. (as opposed to workers paying £25% and then 40% + National Insurance on earnings) Is that true? Last time I looked capital gains tax was the same for everybody. Where does it make a distinction between "the rich" and "the workers"? |
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Labour V Conservative , by Pete the Post on Nov 21, 2022 12:10:05 GMT 1, 10% up to £37K then 20%. (as opposed to workers paying £25% and then 40% + National Insurance on earnings) Is that true? Last time I looked capital gains tax was the same for everybody. Where does it make a distinction between "the rich" and "the workers"?
Also if you are self employed, and you dont use all of your taxable allowance, the remainder of that is rolled into your tax free part. So if you make 4k income from your business (just for easyness) then sell a 40k piece of art, you would get the first 18k or so tax free, then pay 10% on the other 22k. So £2,200 tax on 44k of income.
And yes, its a total stitch up as usual. But im self employed so, while its pathetic, a sad reflection of the corrupted way things are, its been handy for me.
10% up to £37K then 20%. (as opposed to workers paying £25% and then 40% + National Insurance on earnings) Is that true? Last time I looked capital gains tax was the same for everybody. Where does it make a distinction between "the rich" and "the workers"? Its true. Varying levels based on income as mentioned. It also has another 12.5k allowance before you have to pay anything. (its not just the idle rich that are doing ok using this though, lots on here will be. ) Also if you are self employed, and you dont use all of your taxable allowance, the remainder of that is rolled into your tax free part. So if you make 4k income from your business (just for easyness) then sell a 40k piece of art, you would get the first 18k or so tax free, then pay 10% on the other 22k. So £2,200 tax on 44k of income. And yes, its a total stitch up as usual. But im self employed so, while its pathetic, a sad reflection of the corrupted way things are, its been handy for me. |
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Poster Bob
Junior Member
Posts • 5,803
Likes • 5,418
September 2013
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Labour V Conservative , by Poster Bob on Nov 21, 2022 12:57:50 GMT 1, The rich pay 10% tax on their capital gains? That’s certainly news to me. 10% up to £37K then 20%. (as opposed to workers paying £25% and then 40% + National Insurance on earnings)
Please let me know what rich person earns under £37k and then pays gains at 10%.
The rich pay 10% tax on their capital gains? That’s certainly news to me. 10% up to £37K then 20%. (as opposed to workers paying £25% and then 40% + National Insurance on earnings) Please let me know what rich person earns under £37k and then pays gains at 10%. |
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LJCal
Junior Member
Posts • 2,793
Likes • 4,194
December 2019
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Labour V Conservative , by LJCal on Nov 21, 2022 18:46:01 GMT 1, The rich pay 10% tax on their capital gains? That’s certainly news to me. 10% up to £37K then 20%. (as opposed to workers paying £25% and then 40% + National Insurance on earnings)
The rich pay 10% tax on their capital gains? That’s certainly news to me. 10% up to £37K then 20%. (as opposed to workers paying £25% and then 40% + National Insurance on earnings) I don’t think you can class someone as rich if they’re not a higher rate tax payer. |
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J6507G
New Member
Posts • 177
Likes • 98
October 2020
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Labour V Conservative , by J6507G on Nov 21, 2022 19:06:27 GMT 1, 10% up to £37K then 20%. (as opposed to workers paying £25% and then 40% + National Insurance on earnings) I don’t think you can class someone as rich if they’re not a higher rate tax payer.
10% up to £37K then 20%. (as opposed to workers paying £25% and then 40% + National Insurance on earnings) I don’t think you can class someone as rich if they’re not a higher rate tax payer. I would say a lot of rich arnt higher rate tax payers. That's what accountants are for |
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dan993c2
New Member
Posts • 284
Likes • 220
November 2020
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Labour V Conservative , by dan993c2 on Nov 21, 2022 19:31:00 GMT 1, I can assure you I’m not rich and pay significant Corporation Tax at the end of the year!
I can assure you I’m not rich and pay significant Corporation Tax at the end of the year!
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LJCal
Junior Member
Posts • 2,793
Likes • 4,194
December 2019
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Labour V Conservative , by LJCal on Nov 21, 2022 19:31:27 GMT 1, I don’t think you can class someone as rich if they’re not a higher rate tax payer. I would say a lot of rich arnt higher rate tax payers. That's what accountants are for
I don’t think you can class someone as rich if they’re not a higher rate tax payer. I would say a lot of rich arnt higher rate tax payers. That's what accountants are for You’re telling me that rich people can survive on personal income of less than £50,000? No accountant can stop you paying tax on personal income, you can incorporate wealth, put it in trusts, keep it off shore, put into a pension scheme and these will all limit or defer your tax liabilities but once you take income personally to fund your life style then you’re paying tax and more than likely top rate tax, even if you pay yourself dividends the tax payable is broadly comparable to income tax (and arguably more as the company would have already paid corporation tax). |
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dan993c2
New Member
Posts • 284
Likes • 220
November 2020
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Labour V Conservative , by dan993c2 on Nov 21, 2022 19:37:36 GMT 1, I would say a lot of rich arnt higher rate tax payers. That's what accountants are for You’re telling me that rich people can survive on personal income of less than £50,000? No accountant can stop you paying tax on personal income, you can incorporate wealth, put it in trusts, keep it off shore, put into a pension scheme and these will all limit or defer your tax liabilities but once you take income personally to fund your life style then you’re paying tax and more than likely top rate tax, even if you pay yourself dividends the tax payable is broadly comparable to income tax.
I would say a lot of rich arnt higher rate tax payers. That's what accountants are for You’re telling me that rich people can survive on personal income of less than £50,000? No accountant can stop you paying tax on personal income, you can incorporate wealth, put it in trusts, keep it off shore, put into a pension scheme and these will all limit or defer your tax liabilities but once you take income personally to fund your life style then you’re paying tax and more than likely top rate tax, even if you pay yourself dividends the tax payable is broadly comparable to income tax. Very correct you only save small amount through dividends but it allows your company to remain solvent for a potentially difficult year. The real problem is offshore registration or registration in a tax efficient country, Amazon and Starbucks 😳 |
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LJCal
Junior Member
Posts • 2,793
Likes • 4,194
December 2019
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Labour V Conservative , by LJCal on Nov 21, 2022 19:56:04 GMT 1, You’re telling me that rich people can survive on personal income of less than £50,000? No accountant can stop you paying tax on personal income, you can incorporate wealth, put it in trusts, keep it off shore, put into a pension scheme and these will all limit or defer your tax liabilities but once you take income personally to fund your life style then you’re paying tax and more than likely top rate tax, even if you pay yourself dividends the tax payable is broadly comparable to income tax. Very correct you only save small amount through dividends but it allows your company to remain solvent for a potentially difficult year. The real problem is offshore registration or registration in a tax efficient country, Amazon and Starbucks 😳
You’re telling me that rich people can survive on personal income of less than £50,000? No accountant can stop you paying tax on personal income, you can incorporate wealth, put it in trusts, keep it off shore, put into a pension scheme and these will all limit or defer your tax liabilities but once you take income personally to fund your life style then you’re paying tax and more than likely top rate tax, even if you pay yourself dividends the tax payable is broadly comparable to income tax. Very correct you only save small amount through dividends but it allows your company to remain solvent for a potentially difficult year. The real problem is offshore registration or registration in a tax efficient country, Amazon and Starbucks 😳 Agreed alot of companies who earn money in our economy avoid tax through complex off shore arrangements leaving domestic companies to carry the burden. I’d be in favour of lower corporation tax but making sure all companies doing business in the UK pay. I really can’t see why it would be difficult to legislate to make all business’s with a presence in the UK pay up. Likewise with non dom status, if you’re genuinely not a resident in the UK then of course you should’nt pay tax here however as things stand plenty of people use the UK as their principle country of residence and still claim non dom status, this should be scrapped all together. |
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Reader
Junior Member
Posts • 1,204
Likes • 2,668
June 2016
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Labour V Conservative , by Reader on Nov 21, 2022 20:21:25 GMT 1, Very correct you only save small amount through dividends but it allows your company to remain solvent for a potentially difficult year. The real problem is offshore registration or registration in a tax efficient country, Amazon and Starbucks 😳 Agreed alot of companies who earn money in our economy avoid tax through complex off shore arrangements leaving domestic companies to carry the burden. I’d be in favour of lower corporation tax but making sure all companies doing business in the UK pay. I really can’t see why it would be difficult to legislate to make all business’s with a presence in the UK pay up. Likewise with non dom status, if you’re genuinely not a resident in the UK then of course you should’nt pay tax here however as things stand plenty of people use the UK as their principle country of residence and still claim non dom status, this should be scrapped all together.
At the demise of empire, City of London financial interests created a web of offshore secrecy jurisdictions that captured wealth from across the globe and hid it behind obscure financial structures in a web of offshore islands. Today, up to half of global offshore wealth may be hidden in British offshore jurisdictions and Britain and its offshore jurisdictions are the largest global players in the world of international finance. How did this come about, and what impact does it have on the world today?
Very correct you only save small amount through dividends but it allows your company to remain solvent for a potentially difficult year. The real problem is offshore registration or registration in a tax efficient country, Amazon and Starbucks 😳 Agreed alot of companies who earn money in our economy avoid tax through complex off shore arrangements leaving domestic companies to carry the burden. I’d be in favour of lower corporation tax but making sure all companies doing business in the UK pay. I really can’t see why it would be difficult to legislate to make all business’s with a presence in the UK pay up. Likewise with non dom status, if you’re genuinely not a resident in the UK then of course you should’nt pay tax here however as things stand plenty of people use the UK as their principle country of residence and still claim non dom status, this should be scrapped all together. Really recommend the documentary on Netflix "The Spiders Web, Britain's Second Empire", a real eye opener on the hidden network of power and finance the establishment control. At the demise of empire, City of London financial interests created a web of offshore secrecy jurisdictions that captured wealth from across the globe and hid it behind obscure financial structures in a web of offshore islands. Today, up to half of global offshore wealth may be hidden in British offshore jurisdictions and Britain and its offshore jurisdictions are the largest global players in the world of international finance. How did this come about, and what impact does it have on the world today? |
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