Comments on: Liberal Democrats pledge to lower income tax http://blog.thesalarycalculator.co.uk/paye/liberal-democrats-pledge-to-lower-income-tax/#utm_source=feed&utm_medium=feed&utm_campaign=feed Blogging on personal finance Thu, 02 Sep 2010 17:34:54 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Thomas Byrne http://blog.thesalarycalculator.co.uk/paye/liberal-democrats-pledge-to-lower-income-tax/comment-page-1/#comment-142 Thomas Byrne Mon, 07 Dec 2009 19:58:39 +0000 http://blog.thesalarycalculator.co.uk/?p=55#comment-142 I'm not sure how that would work exactly. (NI isnt really something I've looked at). As for the buses, I think that's pretty much a short term issue if one at all, the fuel subsidy is one of the reasons local buses are so uncompetitive. I’m not sure how that would work exactly. (NI isnt really something I’ve looked at).

As for the buses, I think that’s pretty much a short term issue if one at all, the fuel subsidy is one of the reasons local buses are so uncompetitive.

]]> By: admin http://blog.thesalarycalculator.co.uk/paye/liberal-democrats-pledge-to-lower-income-tax/comment-page-1/#comment-138 admin Wed, 02 Dec 2009 18:18:38 +0000 http://blog.thesalarycalculator.co.uk/?p=55#comment-138 Impressive work Thomas! I can't say I've checked all the numbers, but just a comment on your suggestions for public sector pay. As far as I can tell, you've not included income tax and national insurance PAYE in your calculations - some of the money paid to public sector employees comes back into government coffers immediately (how much depends on the tax bands and the individual concerned, of course - for top-rate payers this would be around 50%, including NI). This means (again, unless I've missed it in your calculations) that the true savings for the public sector pay freeze, top 10% pay cut and pension contribution increase (since pension contributions are not taxed) would not be as much as you have stated. I'd also suggest that by removing bus subsidies the bus companies would simply put their prices up - arguably hitting poorer families worst and undoing some of the work done by raising the personal allowance in the first place. Impressive work Thomas! I can’t say I’ve checked all the numbers, but just a comment on your suggestions for public sector pay. As far as I can tell, you’ve not included income tax and national insurance PAYE in your calculations – some of the money paid to public sector employees comes back into government coffers immediately (how much depends on the tax bands and the individual concerned, of course – for top-rate payers this would be around 50%, including NI).

This means (again, unless I’ve missed it in your calculations) that the true savings for the public sector pay freeze, top 10% pay cut and pension contribution increase (since pension contributions are not taxed) would not be as much as you have stated.

I’d also suggest that by removing bus subsidies the bus companies would simply put their prices up – arguably hitting poorer families worst and undoing some of the work done by raising the personal allowance in the first place.

]]> By: Thomas Byrne http://blog.thesalarycalculator.co.uk/paye/liberal-democrats-pledge-to-lower-income-tax/comment-page-1/#comment-135 Thomas Byrne Tue, 01 Dec 2009 12:31:34 +0000 http://blog.thesalarycalculator.co.uk/?p=55#comment-135 I had my own go at raising the tax free allowance to £12,000 over here, I'd really appreciate if you could check to see if it -checks- out. http://byrnetofferings.co.uk/2009/11/tax-free-allowance/ I had my own go at raising the tax free allowance to £12,000 over here, I’d really appreciate if you could check to see if it -checks- out.

http://byrnetofferings.co.uk/2009/11/tax-free-allowance/

]]> By: admin http://blog.thesalarycalculator.co.uk/paye/liberal-democrats-pledge-to-lower-income-tax/comment-page-1/#comment-88 admin Thu, 29 Oct 2009 17:45:59 +0000 http://blog.thesalarycalculator.co.uk/?p=55#comment-88 The UK calculator is completely up-to-date, with the 2009 rates. However, the US calculator has unfortunately only got the 2006 rates, so it is not current. I plan to update it soon with the rates from January 2010. The UK calculator is completely up-to-date, with the 2009 rates. However, the US calculator has unfortunately only got the 2006 rates, so it is not current. I plan to update it soon with the rates from January 2010.

]]> By: Marek http://blog.thesalarycalculator.co.uk/paye/liberal-democrats-pledge-to-lower-income-tax/comment-page-1/#comment-87 Marek Thu, 29 Oct 2009 13:37:27 +0000 http://blog.thesalarycalculator.co.uk/?p=55#comment-87 Speaking of updates to the calculator, your website on the page says that it is current as of 2006. Has it been updated since then to reflect the current tax rates? Speaking of updates to the calculator, your website on the page says that it is current as of 2006. Has it been updated since then to reflect the current tax rates?

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