Football0 min ago
Tories To Change Inheritance Tax Rules
http:// www.bbc .co.uk/ news/po litics
As well as cuts to Working Tax Credits and Housing Benefit, you can always rely on the Tories to do all they can to help the working class ! We are all in this together, after all !
As well as cuts to Working Tax Credits and Housing Benefit, you can always rely on the Tories to do all they can to help the working class ! We are all in this together, after all !
Answers
that's a blessing for Londoners on average incomes; my modest flat is probably worth that. For Londoners' children, anyway. However, I thought we were living in straitened times and were all still having to tighten our belts. So why is he giving money away at all?
09:39 Sat 04th Jul 2015
Here it is Zacs, although what it has to do with the point of my post I am not sure. :::
https:/ /en.wik ipedia. org/wik i/Worki ng_clas s
Other definitions are available !
My point is that next weeks Budget will almost certainly include measure that will make wealthier people more wealthy, potentially at least, as well as measures that that will make poor working people poorer.
Unless curtailing people WTC's will make them better off, although I would like to see someone make a case for that !
https:/
Other definitions are available !
My point is that next weeks Budget will almost certainly include measure that will make wealthier people more wealthy, potentially at least, as well as measures that that will make poor working people poorer.
Unless curtailing people WTC's will make them better off, although I would like to see someone make a case for that !
"Prudie....If Osborne reduces CTC's for 3.9 million people, as he rumoured to do next week, how can that not make poor people even poorer ?"
CTC? Do you mean WTC? That's a completely separate discussion to Inheritance Tax. I'm still asking why you assume that collected IT all goes to the poor?
To sqad - across the animal kingdom providing for offspring is a natural instinct. I want to leave something for my child as my parents did for me. Grandchildren I don't particularly worry about.
CTC? Do you mean WTC? That's a completely separate discussion to Inheritance Tax. I'm still asking why you assume that collected IT all goes to the poor?
To sqad - across the animal kingdom providing for offspring is a natural instinct. I want to leave something for my child as my parents did for me. Grandchildren I don't particularly worry about.
Prudie
\\\\across the animal kingdom providing for offspring is a natural instinct.\\
That may well be from the maternal point of view, but in many species e,g lions, the males cater for the future of their offspring in a very simple way..........they kill them.
I will leave something for my offspring if it does not impair the lifestyle or quality of life of my spouse, but if it does, then my offspring will have to provide for themselves.
\\\\across the animal kingdom providing for offspring is a natural instinct.\\
That may well be from the maternal point of view, but in many species e,g lions, the males cater for the future of their offspring in a very simple way..........they kill them.
I will leave something for my offspring if it does not impair the lifestyle or quality of life of my spouse, but if it does, then my offspring will have to provide for themselves.
Sqad, Richard Branson agrees: he's said he won't be leaving his kids anything. He's given them the best possible start in life, and the asset of a famous name, and now it's up to them.
Changing the rules doesn't come free: if Osborne is arranging things so that jno jnr can inherit my property free of tax, it will be paid for by welfare cuts to someone else.
Changing the rules doesn't come free: if Osborne is arranging things so that jno jnr can inherit my property free of tax, it will be paid for by welfare cuts to someone else.
Prudie...CTC was a typo, as I am sure you are aware. By the way, it is reported that Osborne will reduce Child Tax Credits as well.
Here is a handy "idiots guide" to tax credits, thoughtfully provided by the Guardian...sorry but I can't produce a Daily Mail version.
Do you or do you not agree that if Working Tax Credits are reduced, ( and CTCs) it will make some working families worse off ?
And as it stands today, if you die and leave a house worth 1 million pounds, £140,000 will go in IHT, according to the IFS. That means your children will only get £860,000, instead of £1,000,000. You can hardly describe your children as being hard done by, now can you ?
IHT is part of the total tax collected in Britain, along with VAT, Income Tax, etc, and goes towards the NHS, and other worthwhile concerns. So if we are to take less tax, there will be less funds available to spend.
Here is a handy "idiots guide" to tax credits, thoughtfully provided by the Guardian...sorry but I can't produce a Daily Mail version.
Do you or do you not agree that if Working Tax Credits are reduced, ( and CTCs) it will make some working families worse off ?
And as it stands today, if you die and leave a house worth 1 million pounds, £140,000 will go in IHT, according to the IFS. That means your children will only get £860,000, instead of £1,000,000. You can hardly describe your children as being hard done by, now can you ?
IHT is part of the total tax collected in Britain, along with VAT, Income Tax, etc, and goes towards the NHS, and other worthwhile concerns. So if we are to take less tax, there will be less funds available to spend.
Not necessarily welfare cuts at all, which was what I've been trying to say all along, it could be off defence, other public sector, foreign aid, roads, housing, schooling, grants to research, the arts, long list I'm sure - so not definitely the poor - which mikey you seem to equate with the working class.
Beg pardon Mush ! Posting on too many fronts this morning !
http:// www.the guardia n.com/m oney/20 15/jul/ 04/tax- credits -cuts-b udget
http://
-- answer removed --
Mush.... it was obvious to everybody, that as soon as the Tories were elected, we could guarantee that this sort of thing would rear its ugly head.
I fully accept that Labour lost the argument, but they at least did point out that cuts to benefits would ensue if the Tories won. How else is Osborne going to save £12bn ? When you have cut all the fat off, there is only the muscle and bone left.
But here, he appears to be penalising the very people that probably voted for him....the "working" people, not the lazy layabouts.
I fully accept that Labour lost the argument, but they at least did point out that cuts to benefits would ensue if the Tories won. How else is Osborne going to save £12bn ? When you have cut all the fat off, there is only the muscle and bone left.
But here, he appears to be penalising the very people that probably voted for him....the "working" people, not the lazy layabouts.
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