Current Affairs The General Election

[OnlyBlueWillDo]

Has Boris forgot May was a remainer and she negotiated a better leave deal than himself.

That's what I'd tell him if I was Corbyn.

 

[catcherintherye]

You pay 19% corporation tax on your profit before you even begin to extract your money out of the company.

Basic rate taxpayer who runs a Ltd company:

CT 19%
Income Tax 20% on salary
Class 1 NIC 12% on salary
Income tax 7.5% on Dividends

Possibly also student loan.

Please tell me why these people should pay more.

And as I said,nowhere have i said any of those groups don't work hard. Its about risk and job creation. Business owners carry risk and generate employment.

Tell me why they should not be rewarded.

I'm not saying they shouldn't be rewarded. I'm asking why they shouldn't pay as much tax as say a Nurse who works 60+ hours a week? Is it because you feel the risk they take at the start should insulate them? (I'm not saying that to ridicule the position either, it's a perfectly valid reason) I'm just interested.

 

[Tubey]

Corbyn bizarrely winning the debate on Brexit here.

His stance makes perfect sense. What's more, his status as a Leaver leading a Remain party gives him the gravitas to be neutral in a second referendum.

 

[ToffeeTim]

I'm not saying they shouldn't be rewarded. I'm asking why they shouldn't pay as much tax as say a Nurse who works 60+ hours a week? Is it because you feel the risk they take at the start should insulate them? (I'm not saying that to ridicule the position either, it's a perfectly valid reason) I'm just interested.

I think risk is obviously part of it.

But most people who run small companies pay themselves a small salary and then some dividends on top of 19% on all profit. They also pay employers NIC on all the staff they employ.

The idea they pay hardly any tax is just a nonsense.

 

[catcherintherye]

Corbyn bizarrely winning the debate on Brexit here.

His stance makes perfect sense. What's more, his status as a Leaver leading a Remain party gives him the gravitas to be neutral in a second referendum.

It's a good stance, but the worry will be, will it win him enough votes back in leave seats?

 

[ToffeeTim]

Has Boris forgot May was a remainer and she negotiated a better leave deal than himself.

That's what I'd tell him if I was Corbyn.

It's pretty much the same. Not sure how it's any better or worse?

 

[Blue 1]

Is anyone counting the "Get Brexit Done"'s?

Is it 8 so far?

 

[Number_25]

Is anyone counting the "Get Brexit Done"'s?

Is it 8 so far?

I'm counting:

13 so far.

 

[neil999]

Corbyn being succinct and clear and Johnson is just blathering

 

[edge]

Corbyn doing well up to now

 

[Blue 1]

Corbyn being succinct and clear and Johnson is just blathering

Robinson needs to do a better job of shutting him up.

 

[neil999]

Unfortunately don’t think enough voters actually care about poor people

 

[Toast]

150 billionaires in Britain.. and Everton have got a rubbish one..


Sake.

 

[neil999]

Robinson needs to do a better job of shutting him up.

I think it actually helps Corbyn, people will zone out

 

[tsubaki]

People who run a small company carry risk and probably employ people themselves too. If they make no profits then they cant draw any dividends.

So of course dividends should be taxed more efficiently than salary. Employees don't lose their salary for the month if the employer made a loss. A ahareholder/director might lose lots and not be able to draw a dividend.

The 5k (now £2k) tax free dividend allowance and 7.5% basic rate have been great for incentivising people to start up new trades. I've seen it in practice.

These people aren't rich. And if they get rich, its cause they work enormously hard. They deserve all the support and plaudits they get. They are the cornerstones of the British economy.

Not really - in fact since that change came in, the rate of new business creation has gone down.

This change has not been proposed to go after those people though; it is aimed at the people getting above £150000 pa who in the vast majority of cases didn't build the business they work for up, pour their effort into it etc etc.