Why does a slight tax increase cost you two hundred andand a substantial tax cut save you thirty pence?
351155
It's the vocabulary of politics, trying to fool some of the people all of the time and all of the people some of the time.
347598
The increase in tax-free threshold will clearly benefit low income owners.  It will lower the average taxable income and the benefit will be reaped by more taxpayers than it would've been if the former option is chosen (lowering of top personal tax rate).  Because, seriously, what percentage of the taxpayers are earning enough taxable income to fall into that top income bracket anyway?
128860
Let me ask you a question. If I could show you something that made absolute total sense, where you didn't have to stock, sell or deliver products to your friends, there was a fully refundable membership fee that you couldn't loose; yet; you could add an additional $20-30,000 to your income this year with many people reaching a six to seven figure income, if it wasn't Amway or any multi-level scheme... would you spend 30-40 minutes with me and have a look? Contact me through my 360 page and I will show you. Here is the tax info I use.
949932
Don't hold your breath. The only thing you can really counr on is higher taxes. Sorry.
1000471
Looking at your answers so far, mine might be a bit generous, but I got the accountant who sits by me to work it out - so here goes:\n\n£5,035 is not taxed (this has recently gone up)\n£2,150 is taxed at 10% (£215)\n£11,815 is then taxed at 22% (£2,599)\n\nThat means that £2,814 is deducted each year, leaving you with £ 16,186 which is £1,349 per calendar month take home pay.
609439
A small step for you , a big amount of money for us....
31538
NO - you can buy a pretty decent tax program from Tax Act for $19.95.  It's at least worth the time it saves you to fill out all of the lines on your tax form.  They go through a pretty thorough question and answer structure that encompasses everything.
583994
I would think everyone knows how to get it right, but explaining why the given calculation is wrong is what we are interested. \n\nThe key here is that £2 came from the £27.  So there is no  way you add £2 to the £27 again!
348474
Not sure but I know you can get a 17.5% discount from VAT (value added tax). Ask the person to discount it and file and not to pay VAT.
106491
Raises taxes or lowers taxes.
758325
There are three rates of income tax (10%, 22%, 40%) plus national insurance contributions (10%). As a generalisation, assume about third of you salary will go on taxes.
223305
Yes extra\nstupidity tax
879712
Its 30% on the Income after the reduction of the Unrealized rent and the interest on the HOME loan. It was the sec30 of the Income tax act which gives U the std deduction of 30%
959498
In theory, to make the tax burden fairer on tax payers.\n\nPoor pay less and rich pay more. ie 0% on first c£5000, 10% on next c£2000, 22% on next c£25000 and 40% thereafter.
739377
They do,  but the banks and building societies delay as long as they can.  Ive got a Chelsea Building society postal savings account which is guaranteed to be 0.6% above the Bank of England base rate. So it will automatically rise from 5.35% to 5.6% now that the new rate applies.  I dont know if it is still available to new savers though.
127550
You should payoff your mortgage if you have the money anyway.  The tax credit isn't worth the interest payments on a 30-yr mortgage.
55647
By cess, you are made to pay more not less.\n\nIt is something that is required to be paid by those paying the "Central Excise Tax" over and above the normally payable amount of tax.