It's starting...
Apr. 22nd, 2009 10:59 am![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png)
Darling unveils 50% top tax rate
Yes, it's in the United Kingdom, but other countries are going to take note. Including the USA.
Actually, what's interesting to me is when this will be brought in. The UK does not have a set election cycle as in the USA. General elections are usually held every 4-5 years, and a few folks from back home have told me that PM Brown won't call an election unless he can be sure his party will win. April has previously been a popular month for elections.
In other budget news...
Petrol (gas) prices are already higher than in the USA. Keeping the taxes of it above inflation for the next 4 years will not help a lot of regular folks.
But here's my rant...
My mother, age 57, has been told by her doctor that she is not physically able to work. Getting disability payments has been crazy, with the local office trying to get her to travel to a physician of their choosing out of town. My mother cannot even GET out of town right now. She can't currently drive so has to rely on a friend, and that friend has been fantastic so far but has her own family responsibilities. Driving my mother 40 miles to get her to an 8:00 am appointment is just not going to happen.
Meanwhile, my mother is relying on an inheritance from my gran who died in January. So far, despite being the sole inheritor, she's faced bureaucray at every step. If, for some ridiculous reason, she doesn't receive that inheritance this year (which will already have been taxed), will she suddenly find herself in that highest income tax bracket? Since the government is being ridiculous over her getting disability, she's relying on that inheritance to live. If she loses half of it due to taxation...
Then there's my godfather. Left school at 16, but worked his way up the corporate ladder anyway. It's not something you can do these days. Why should he give up half the income he's worked so hard for?
Mr. Darling has said that those who earn more should pay more. Hmmm... where have we heard that before?
Millionnaires are already leaving New York. Will they also be leaving the UK?
Sorry, I'm just extremely peeved at this.
Yes, it's in the United Kingdom, but other countries are going to take note. Including the USA.
Actually, what's interesting to me is when this will be brought in. The UK does not have a set election cycle as in the USA. General elections are usually held every 4-5 years, and a few folks from back home have told me that PM Brown won't call an election unless he can be sure his party will win. April has previously been a popular month for elections.
In other budget news...
Petrol (gas) prices are already higher than in the USA. Keeping the taxes of it above inflation for the next 4 years will not help a lot of regular folks.
But here's my rant...
My mother, age 57, has been told by her doctor that she is not physically able to work. Getting disability payments has been crazy, with the local office trying to get her to travel to a physician of their choosing out of town. My mother cannot even GET out of town right now. She can't currently drive so has to rely on a friend, and that friend has been fantastic so far but has her own family responsibilities. Driving my mother 40 miles to get her to an 8:00 am appointment is just not going to happen.
Meanwhile, my mother is relying on an inheritance from my gran who died in January. So far, despite being the sole inheritor, she's faced bureaucray at every step. If, for some ridiculous reason, she doesn't receive that inheritance this year (which will already have been taxed), will she suddenly find herself in that highest income tax bracket? Since the government is being ridiculous over her getting disability, she's relying on that inheritance to live. If she loses half of it due to taxation...
Then there's my godfather. Left school at 16, but worked his way up the corporate ladder anyway. It's not something you can do these days. Why should he give up half the income he's worked so hard for?
Mr. Darling has said that those who earn more should pay more. Hmmm... where have we heard that before?
Millionnaires are already leaving New York. Will they also be leaving the UK?
Sorry, I'm just extremely peeved at this.