All you reform voters out there who

Discussion in 'Bulletin Board' started by stairfoot.red, Jun 23, 2024.

  1. stairfoot.red

    stairfoot.red Well-Known Member

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    Believe old Spivy Nige the russian fan boy is a man of the people. Read this.
    Reform = Tories with a different name

    Analysis: Reform UK's tax plans disproportionately benefit high earners, analysis shows
    By Gurpreet Narwan, political correspondent

    Reform UK bills itself as the party "for the left behind" but its flagship tax policy disproportionately benefits those on higher incomes, analysis for Sky News shows.

    Nigel Farage hailed the plan to raise the threshold at which workers start paying tax to from £12,571 to £20,000, saying it would lift millions of low-paid workers out of paying tax altogether.

    However, Reform's plan to raise the higher rate threshold from £50,271 to £70,000 would amount to a tax cut worth almost £6,000 for the top 10% of earners, vastly overshadowing the benefit to the lowest earners.

    The top 10% of households, by disposable income, have £3,000 a month to spend after housing costs, council tax and direct taxes. A couple in this category would have £5,290 to spend.

    These people would gain almost £5,983 in disposable income each year as a result of the changes.

    The bottom 10% of households have less than £693 to spend on things such as heating and food each month. The figure rises to £1,195 for a couple. These households would gain an extra £221 per year.

    [​IMG]
    Despite the vast discrepancy, Reform UK has repeatedly framed this as a policy for the lowest paid.

    At the party's manifesto launch in South Wales, Mr Farage said: "I think the most innovative policy that we've put out in here is to raise the level at which people start paying tax to £20,000 a year.

    "Why? Well, number one, it would take seven million people out of the tax system altogether, a devilishly complicated tax system. That would be a good thing, of course, for those on low pay."

    Read the full analysis here
     
    Last edited: Jun 23, 2024
  2. RichK

    RichK Well-Known Member

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    The lower threshold raise is a great idea, would really help with the cost of living for those that really need it.

    The higher threshold being raised is unnecessary, they don't need help with the cost of living, and they will too benefit from the lower threshold being raised anyway (no tax on their first £20k).

    It comes as no surprise though.
     
    KamikazeCo-Pilot and redrum like this.
  3. DazFrumTarn

    DazFrumTarn Well-Known Member

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  4. pompey_red

    pompey_red Well-Known Member

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    They won’t or don’t care. That’s the strange strange thing about his followers… despite all the evidence turkeys will vote for Christmas it appears
     
    Dodgy Back Tyke likes this.

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