Discuss Are you affected by the new tax laws that come in today. in the Canada area at TilersForums. The USA and UK Tiling Forum (Also now Aus, Canada, ROI, and more)
Have you been hit with the new higher rate of tax or just benefit from the higher amount you can earn before tax like most of us..
Said changes are below :::::
Among the changes are a rise in the personal allowance which will mean no one pays any tax until they earn more than £9,440.
The threshold for the higher rate of tax - above which people pay tax at 40% - will also drop from £34,370 to £32,010, excluding the personal allowance.( with personal allowance this means £41,450 on top)..
At the same time the top rate of income tax falls in 2013/14 from 50% to 45% for those whose taxable income exceeds £150,000.
Bloodsucking bas**rds will have more money from me as usual....shame there's no election due ... We might get something back for a while. Mind you if they werent so da,need incompetent they might not cost us so much....
Well I didn't pay any tax last two years sounds good but would prefer to pay some lol
Yeah really pleased about the drop to 45%, I'll be able to buy another house to rent with the tax I save
Won't effect me, I'll still go to the soup kitchen though.....
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