Keir Starmer

[Niigata Jack]

I tried to avoid commenting because it gets us nowhere, but this is just wrong.

You aren’t taxed on savings, you are taxed on the interest on savings. No tax has previously been charged on that interest.

And you are allowed to save £12k per year tax free through an ISA. Or £20k per year if you invest in shares.

Why shouldn’t you pay tax on passive income when everyone has to on earned income?

You obviously missed me saying about being taxed on the interest over and above a grand, of course no tax as been previously been taxed on that interest cause it hasn't been accrued.
Enough tax has been paid on monies that have been invested into to savings to earn that interest ffs

What gets you nowhere facts being presented to you?

 

[Niigata Jack]

The £12k limit doesn’t apply until next April.

And its 20k for those over 65 or I think it is

 

[Niigata Jack]

“The people inheriting the money haven’t paid a penny in taxation on it”.

Exactly. Does my head in when people say “but tax has already been paid on it”. Not by you it hasn’t.

So that money hasn't been subject to tax then? Tax has been paid no matter who has paid it, its been paid ffs
So if I give some oi=ne a tenner in tax and that takes them over their tax allowance they should pay tax on that tenner or whatever then,?

 

[jack_lord]

t

Yup. Thick as mince they are. Either that or cognitive dissonance.

Talking of cognitive dissonance, should we vote Plaid

 

[exiledclaseboy]

Talking of cognitive dissonance, should we vote Plaid

I will be.

 

[exiledclaseboy]

So that money hasn't been subject to tax then? Tax has been paid no matter who has paid it, its been paid ffs
So if I give some oi=ne a tenner in tax and that takes them over their tax allowance they should pay tax on that tenner or whatever then,?

no. Because we’re not talking about tenners. If a relative of yours or mine left us £500k, neither you nor I have paid tax on that income.

 

[Darran]

I will be.

And I will.

 

[Niigata Jack]

“The people inheriting the money haven’t paid a penny in taxation on it”.

Exactly. Does my head in when people say “but tax has already been paid on it”. Not by you it hasn’t.

And? its been paid so it has to be paid again, no wonder this country is fucked its taxed to death by continuous governments to waste like we are seeing now.

The most taxed nation in Europe and its got worse with this government who said that they won't increase taxes, look at this fuel crisis as an example they are estimated to be raking in 20 million a day in tax revenue on Fuel duty ffs.

The taxpayer in this country is being royally ripped off, by this useless government.

 

[exiledclaseboy]

And? its been paid so it has to be paid again, no wonder this country is fucked its taxed to death by continuous governments to waste like we are seeing now.

The most taxed nation in Europe and its got worse with this government who said that they won't increase taxes, look at this fuel crisis as an example they are estimated to be raking in 20 million a day in tax revenue on Fuel duty ffs.

The taxpayer in this country is being royally ripped off, by this useless government.

Aye ok.

 

[Niigata Jack]

Aye ok.

Thanks for your cooperation.

 

[Niigata Jack]

no. Because we’re not talking about tenners. If a relative of yours or mine left us £500k, neither you nor I have paid tax on that income.

I put a grand on a horse and it wins me 500k do I pay tax on that ? maybe different with betting rules I don't know, but perhaps you can see what I mean, I don't know the answer of course, but just poses a scenario.

 

[exiledclaseboy]

Thanks for your cooperation.

Made me laugh. Love you mush

 

[Niigata Jack]

I will be.

Darren Miller for me, only one I've heard talk sense whether he can convert what he talks into to practice I don';t know, but he sounds far more positive than the rest of these other goon, I wouldn't trust Iorwerth to take the washing in if it started to rain.

 

[Londonlisa2001]

The £12k limit doesn’t apply until next April.

Yeah, sorry, you’re right. I was thinking it had just come in this month but it’s delayed.

So £20k a year savings then is tax free for now.

 

[Londonlisa2001]

You obviously missed me saying about being taxed on the interest over and above a grand, of course no tax as been previously been taxed on that interest cause it hasn't been accrued.
Enough tax has been paid on monies that have been invested into to savings to earn that interest ffs

What gets you nowhere facts being presented to you?

Well if you acknowledge that tax hasn’t been paid on the interest previously then what’s the problem?
You said savers were being ‘hammered’ but now you agree they’re not?