Lucky you, my last pay rise was in 2006 - in 2008 I took a 30% DECREASE in my salary.

And I havent made a pension contribution for at least eight years - AND the pension fundholder has been helping himself to a portion of it during that time.

Moan almost over.

Personal allowance to increase to £10,000 next year.

So £650 a year better off, or thereabouts?

No, you'll be 20% of £650 a year better off, or £130. But how much better off anyone will be depends on what you earn. He intends to lower the higher rate threshold to £41,865 so 40% taxpayers will only be £83 a year better off.

He's also tapering off the personal allowance for those on £100k at a rate of £1 for every £2 above £100k, so at £120k there'll be no personal allowance at all.

We've yet to see if he's dragging anything back in increased NI contributions

I got a C at GCSE maths and have never given it any serious thought since. My trail of thought is as follows:

Tax is roughly 20%. So the tax they would have taken on that £3000 is about £600.

By not taking tax on that £3000 the average tax payer is thus £600 better off, no?

If you disagree please explain why and show working (as they would say in exams)

.

OK.

If you are earning £20,000 from April 2013, you will pay £20000 minus £9440 = £10560 x 20% = £2112 tax

If you are earning £20,000 from April 2014, you will pay £20000 minus £10000 = £10000 x 20% = £2000 tax

So you are actually only £112 pa or £2.15 per week better off

You'll be eloping with Vorderman next mate.
She'll turn you into a true blue.

Rodent just coming on C4 News now.
See how he does.

Nice free ride for him there Jon!

But ~£380 pa or £7.30 per week better off than right now, which you appear to be ignoring.

Budgets last for 12 months FFS

Back in 1980 I was earning £60 a week, how far do you want to go back?

Its called making the numbers fit your argument - are you new here?

This is what the likes of Mr Fish do - ask him about LVT - surely even his craziest notion to data!!

What is crazy about Land Value Taxation?

Personal allowance now is £8,105 it will be £10,000 that means you will save 20% of the difference 1,895 that being £379 over a year. Plus the savings in NI threshold. Under this government the tax threshhold will have risen by £3,525 at 20% a saving of £705 a year plus NI.

It may have escaped your notice but we are discussing THIS YEAR'S BUDGET

And added 2p per litre on cider

the 2@

The only sensible calculation is between last year and this and not what might be next year because we have no idea what else is going to change that affects the net disposable income of anyone.

According to the BBC budget calculator someone on £20K a year will save £267 in tax and £18 in NI.

It's fairly pointless quoting that though because if you like the odd glass of wine , spirits or drive your net gain is less.

You have to take all circumstances into account.

For example if you have a kid and earn a higher salary and start to lose child benefit if one of the family hits the threshold you are soon worse off than last year. Even more so with two kids. A family with one person earning 52400 and the other at home looking after the 2 kids will be £132 worse off. A family with two working on exactly half that wage each are £562 better off. Idiotic state of affairs.

Of course it all changes when you earn £185K or more thanks to the cut in top rate of tax. Then even losing [iall [/ithe child benefit for your two kids is offset by the gains in lower tax and NI.

"Progressive" taxation? Osborne doesn't know the meaning of the word.

And was the 10k personal allowance not in THIS YEAR'S BUDGET?

No one said we were comparing THIS YEAR'S BUDGET to next year's taxation - you took it upon yourself to do that because it suited your argument!!

1. The cost of administering it would put a huge hole in whatever revenues it might generate
2. It would have a very negative impact on land values and would see significant business failures
3. This would just create an opportunity for pension funds/hedge funds to benefit massively.
4. You want this land for rental properties, problem is you are creating a huge benefit later down the line - at least if people own their own homes they are not reliant on house benefit to pay their rent.

Need I go on?

It was announced in this year's budget, it will not take effect until fiscal year 2014/15. I was responding to a claim that people would be £650 better off, something that is clearly wrong

Much can happen between then and now. Not least the detail that will come out once the Red Book has been analysed.

Gidiot has done his best to produce a "Jam tomorrow" budget, his record so far doesn't bode well. Unless a myracle occurs, he will be going into the next election leaving the country's finances in a worse state than he found them and all but the rich, a damn sight worse off financially.

No, what you really do need to do is understand the difference between Land Value Taxation and my proposal for funding housebuilding in the social rented sector.













Even by your obviously low standards of comprehension, this one is a fooking classic

This graph is popular on Twitter: <blockquote class="twitter-tweet"><p>Incredible graph from @<a href="https://twitter.com/azizonomics">azizonomics</a> on George Osborne's failure as Chancellor, compared to Obama <a href="t.co/XJWCFGu3pX" title="twitter.com/azizonomics/status/314347551497256962/photo/1">twitter.com/azizonomics/st…</a></p>&mdash; Sunny Hundal (@sunny_hundal) <a href="https://twitter.com/sunny_hundal/status/314381041425059840">March 20, 2013</a></blockquote> <script async src="//platform.twitter.com/widgets.js" cht="utf-8"></script>

This graph is popular on Twitter: <blockquote class="twitter-tweet"><p>Incredible graph from @<a href="https://twitter.com/azizonomics">azizonomics</a> on George Osborne's failure as Chancellor, compared to Obama <a href="t.co/XJWCFGu3pX" title="twitter.com/azizonomics/status/314347551497256962/photo/1">twitter.com/azizonomics/st…</a></p>&mdash; Sunny Hundal (@sunny_hundal) <a href="https://twitter.com/sunny_hundal/status/314381041425059840">March 20, 2013</a></blockquote> <script async src="//platform.twitter.com/widgets.js" cht="utf-8"></script>

Quote ="Dally"This graph is popular on Twitter: <blockquote class="twitter-tweet"><p>Incredible graph from @<a href="https://twitter.com/azizonomics">azizonomics</a> on George Osborne's failure as Chancellor, compared to Obama <a href="t.co/XJWCFGu3pX" title="twitter.com/azizonomics/status/314347551497256962/photo/1">twitter.com/azizonomics/st…</a></p>&mdash; Sunny Hundal (@sunny_hundal) <a href="https://twitter.com/sunny_hundal/status/314381041425059840">March 20, 2013</a></blockquote> <script async src="//platform.twitter.com/widgets.js" cht="utf-8"></script>'" [size=200FFS will you please learn to link[/size

Quote ="Dally"This graph is popular on Twitter: <blockquote class="twitter-tweet"><p>Incredible graph from @<a href="https://twitter.com/azizonomics">azizonomics</a> on George Osborne's failure as Chancellor, compared to Obama <a href="t.co/XJWCFGu3pX" title="twitter.com/azizonomics/status/314347551497256962/photo/1">twitter.com/azizonomics/st…</a></p>&mdash; Sunny Hundal (@sunny_hundal) <a href="https://twitter.com/sunny_hundal/status/314381041425059840">March 20, 2013</a></blockquote> <script async src="//platform.twitter.com/widgets.js" cht="utf-8"></script>'" [size=200FFS will you please learn to link[/size

Couldn't get it to work - but you can see where it is. just search George Osborne and look down the tweets.

[url=http://www.itv.com/news/update/2013-03-20/treasury-admits-mortgage-guarantee-scheme-could-be-used-on-second-homes/Mortgage guarantee scheme could be used on buying second homes[/url

FFS

He was on Newsnight and Paxo was on.
Funny as

[url=http://liberalconspiracy.org/2013/03/20/osbornes-beer-duty-cut-unravels-as-wine-industry-says-it-flouts-law/More here[/url