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(BBC)   The Lady's not for turning...wait, this one (and her chancellor) are   (bbc.co.uk) divider line
    More: News, Prime minister, Income tax, Chancellor Kwasi Kwarteng, prime minister, Tax, p rate of income tax, BBC, Prime Minister of the United Kingdom  
•       •       •

6640 clicks; posted to Main » and Politics » on 03 Oct 2022 at 6:30 AM (9 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



66 Comments     (+0 »)
View Voting Results: Smartest and Funniest


Oldest | « | 1 | 2 | » | Newest | Show all

 
2022-10-03 4:09:27 AM  
Didn't feel like having your head on a pike then? Oh well, im sure your next idea will be fantastic.
 
2022-10-03 4:44:20 AM  
This is just me but 45 pence seems like the LEAST people making more than 150,000 GBP should be paying in taxes.
 
2022-10-03 4:50:50 AM  

Nintenfreak: This is just me but 45 pence seems like the LEAST people making more than 150,000 GBP should be paying in taxes.


45 was Trump, not pence.
 
2022-10-03 6:34:46 AM  
> Mr Kwarteng told BBC Breakfast the proposal was "drowning out a strong package", including support for energy bills, and cuts to the basic rate of income tax and corporation tax.

Doesn't matter how many ingredients are in the stew if one of them's a turd.
 
2022-10-03 6:36:44 AM  
aha ahaha ahaha oh jesus farking christ.
 
2022-10-03 6:40:44 AM  
That's no lady
 
2022-10-03 6:41:23 AM  

Gulper Eel: > Mr Kwarteng told BBC Breakfast the proposal was "drowning out a strong package", including support for energy bills, and cuts to the basic rate of income tax and corporation tax.

Doesn't matter how many ingredients are in the stew if one of them's a turd.


Yup, it doesn't take much shiat to turn something into a shiat sandwich.
 
2022-10-03 6:43:28 AM  

Nintenfreak: This is just me but 45 pence seems like the LEAST people making more than 150,000 GBP should be paying in taxes.


I would also hope they pay far more than a total of 45p if they are earning over £150,000
 
2022-10-03 6:47:31 AM  
I laughed and laughed and laughed. "It's a distraction..." What lame rationalization.
 
2022-10-03 6:49:58 AM  

dready zim: Nintenfreak: This is just me but 45 pence seems like the LEAST people making more than 150,000 GBP should be paying in taxes.

I would also hope they pay far more than a total of 45p if they are earning over £150,000


Depends how good your accountant is.
 
2022-10-03 6:51:34 AM  
I've got 50p
Youtube 6mIeKTVJeaU
 
2022-10-03 6:52:32 AM  

dready zim: Nintenfreak: This is just me but 45 pence seems like the LEAST people making more than 150,000 GBP should be paying in taxes.

I would also hope they pay far more than a total of 45p if they are earning over £150,000


It's 45%. I'm not sure if the headline in the article is messed up or if it's just a confusing British thing.

/ says 45% in the article text
// yes it's Fark we don't read the article, etc.
 
2022-10-03 6:54:26 AM  

cfreak: dready zim: Nintenfreak: This is just me but 45 pence seems like the LEAST people making more than 150,000 GBP should be paying in taxes.

I would also hope they pay far more than a total of 45p if they are earning over £150,000

It's 45%. I'm not sure if the headline in the article is messed up or if it's just a confusing British thing.

/ says 45% in the article text
// yes it's Fark we don't read the article, etc.


45p of every £1.  So yes, 45%.
 
2022-10-03 6:56:41 AM  

King Keepo: dready zim: Nintenfreak: This is just me but 45 pence seems like the LEAST people making more than 150,000 GBP should be paying in taxes.

I would also hope they pay far more than a total of 45p if they are earning over £150,000

Depends how good your accountant is.


True. The more you earn, the less you pay, if your accountant is good enough.
 
2022-10-03 6:57:09 AM  

cfreak: dready zim: Nintenfreak: This is just me but 45 pence seems like the LEAST people making more than 150,000 GBP should be paying in taxes.

I would also hope they pay far more than a total of 45p if they are earning over £150,000

It's 45%. I'm not sure if the headline in the article is messed up or if it's just a confusing British thing.

/ says 45% in the article text
// yes it's Fark we don't read the article, etc.



It's the equivalent of saying '45-cents on the dollar.'
 
2022-10-03 6:57:41 AM  

The Envoy: cfreak: dready zim: Nintenfreak: This is just me but 45 pence seems like the LEAST people making more than 150,000 GBP should be paying in taxes.

I would also hope they pay far more than a total of 45p if they are earning over £150,000

It's 45%. I'm not sure if the headline in the article is messed up or if it's just a confusing British thing.

/ says 45% in the article text
// yes it's Fark we don't read the article, etc.

45p of every £1.  So yes, 45%.


Needlessly confusing British thing. Got it.
 
2022-10-03 7:02:12 AM  

cfreak: The Envoy: cfreak: dready zim: Nintenfreak: This is just me but 45 pence seems like the LEAST people making more than 150,000 GBP should be paying in taxes.

I would also hope they pay far more than a total of 45p if they are earning over £150,000

It's 45%. I'm not sure if the headline in the article is messed up or if it's just a confusing British thing.

/ says 45% in the article text
// yes it's Fark we don't read the article, etc.

45p of every £1.  So yes, 45%.

Needlessly confusing British thing. Got it.


You're easily confused.  Got it.
 
2022-10-03 7:03:01 AM  
Worth noting that it's 45% of earnings above 150k. It's 40% for earnings from about 52k to 150k.
 
2022-10-03 7:03:31 AM  
Between this and Putin being embarrassed by not being able to annex key parts of Ukraine, I've been smiling at the news for the first time in a while.
 
2022-10-03 7:04:47 AM  

The Envoy: cfreak: The Envoy: cfreak: dready zim: Nintenfreak: This is just me but 45 pence seems like the LEAST people making more than 150,000 GBP should be paying in taxes.

I would also hope they pay far more than a total of 45p if they are earning over £150,000

It's 45%. I'm not sure if the headline in the article is messed up or if it's just a confusing British thing.

/ says 45% in the article text
// yes it's Fark we don't read the article, etc.

45p of every £1.  So yes, 45%.

Needlessly confusing British thing. Got it.

You're easily confused.  Got it.


Who shat in your cheerios this morning?
 
2022-10-03 7:07:10 AM  

cfreak: The Envoy: cfreak: dready zim: Nintenfreak: This is just me but 45 pence seems like the LEAST people making more than 150,000 GBP should be paying in taxes.

I would also hope they pay far more than a total of 45p if they are earning over £150,000

It's 45%. I'm not sure if the headline in the article is messed up or if it's just a confusing British thing.

/ says 45% in the article text
// yes it's Fark we don't read the article, etc.

45p of every £1.  So yes, 45%.

Needlessly confusing British thing. Got it.


Didn't read article but I would have thought UK taxes are similar to US, which in theory are tiered (but in practice not so much
 
2022-10-03 7:08:36 AM  

The Envoy: cfreak: The Envoy: cfreak: dready zim: Nintenfreak: This is just me but 45 pence seems like the LEAST people making more than 150,000 GBP should be paying in taxes.

I would also hope they pay far more than a total of 45p if they are earning over £150,000

It's 45%. I'm not sure if the headline in the article is messed up or if it's just a confusing British thing.

/ says 45% in the article text
// yes it's Fark we don't read the article, etc.

45p of every £1.  So yes, 45%.

Needlessly confusing British thing. Got it.

You're easily confused.  Got it.


The headline said "45p" with no other context and confused several people but go on with your bad self.
 
2022-10-03 7:10:40 AM  

Serious Post on Serious Thread: cfreak: The Envoy: cfreak: dready zim: Nintenfreak: This is just me but 45 pence seems like the LEAST people making more than 150,000 GBP should be paying in taxes.

I would also hope they pay far more than a total of 45p if they are earning over £150,000

It's 45%. I'm not sure if the headline in the article is messed up or if it's just a confusing British thing.

/ says 45% in the article text
// yes it's Fark we don't read the article, etc.

45p of every £1.  So yes, 45%.

Needlessly confusing British thing. Got it.

Didn't read article but I would have thought UK taxes are similar to US, which in theory are tiered (but in practice not so much


Never mind. It apparently is tiered

"A 45% tax rate applies to income above £150,000 in England, Wales and Northern Ireland."
 
2022-10-03 7:15:44 AM  

dready zim: Gulper Eel: > Mr Kwarteng told BBC Breakfast the proposal was "drowning out a strong package", including support for energy bills, and cuts to the basic rate of income tax and corporation tax.

Doesn't matter how many ingredients are in the stew if one of them's a turd.

Yup, it doesn't take much shiat to turn something into a shiat sandwich.


Fark user imageView Full Size
 
2022-10-03 7:17:53 AM  

cfreak: The Envoy: cfreak: The Envoy: cfreak: dready zim: Nintenfreak: This is just me but 45 pence seems like the LEAST people making more than 150,000 GBP should be paying in taxes.

I would also hope they pay far more than a total of 45p if they are earning over £150,000

It's 45%. I'm not sure if the headline in the article is messed up or if it's just a confusing British thing.

/ says 45% in the article text
// yes it's Fark we don't read the article, etc.

45p of every £1.  So yes, 45%.

Needlessly confusing British thing. Got it.

You're easily confused.  Got it.

The headline said "45p" with no other context and confused several people but go on with your bad self.


The headline provided the full context, calling it the "45p rate of income tax".
 
2022-10-03 7:19:35 AM  

Pert: Worth noting that it's 45% of earnings above 150k. It's 40% for earnings from about 52k to 150k.


IM the taxman yeah

If 55% should seem too small be thankful I dont take it all.I

Surprised that with all the complaining that there are still lots of rich people there.
 
2022-10-03 7:22:20 AM  
The people responsible for scrapping the scrapping of the 45p (45% for cfreak) tax bracket have been scrapped.

/Soon
 
2022-10-03 7:25:35 AM  

Serious Post on Serious Thread: Serious Post on Serious Thread: cfreak: The Envoy: cfreak: dready zim: Nintenfreak: This is just me but 45 pence seems like the LEAST people making more than 150,000 GBP should be paying in taxes.

I would also hope they pay far more than a total of 45p if they are earning over £150,000

It's 45%. I'm not sure if the headline in the article is messed up or if it's just a confusing British thing.

/ says 45% in the article text
// yes it's Fark we don't read the article, etc.

45p of every £1.  So yes, 45%.

Needlessly confusing British thing. Got it.

Didn't read article but I would have thought UK taxes are similar to US, which in theory are tiered (but in practice not so much

Never mind. It apparently is tiered

"A 45% tax rate applies to income above £150,000 in England, Wales and Northern Ireland."


Yup they are marginal rates. Same concept as the US.
 
2022-10-03 7:26:12 AM  
Jesus they're so hungry they couldn't wait and play it better. Like at least slow play it a bit and not make it the first thing you do as quickly as possible.
 
2022-10-03 7:28:44 AM  
I'd say Rishi Sunak ran off for a power wank when he heard that news
 
2022-10-03 7:30:28 AM  
distraction on what was a strong package

im.ezgif.comView Full Size
 
2022-10-03 7:32:57 AM  
Fark user imageView Full Size

*BEEP-BEEP-BEEP-BEEP-BEEP*
 
2022-10-03 7:37:02 AM  

The Envoy: cfreak: The Envoy: cfreak: dready zim: Nintenfreak: This is just me but 45 pence seems like the LEAST people making more than 150,000 GBP should be paying in taxes.

I would also hope they pay far more than a total of 45p if they are earning over £150,000

It's 45%. I'm not sure if the headline in the article is messed up or if it's just a confusing British thing.

/ says 45% in the article text
// yes it's Fark we don't read the article, etc.

45p of every £1.  So yes, 45%.

Needlessly confusing British thing. Got it.

You're easily confused.  Got it.


How about they speak English.

But no, seriously, British-speak is convoluted.
 
2022-10-03 7:37:41 AM  
Higher tax rates for the rich never work and never will work so long as you have deductions.  Tax them 99% and they still won't pay any more in taxes than they already do because an accountant will use loopholes to get that down to almost nothing.  Flat tax rates for everybody except low income, and zero deductions for anything period is the only way high earners will ever pay more.
 
2022-10-03 7:41:15 AM  

NewportBarGuy: Nintenfreak: This is just me but 45 pence seems like the LEAST people making more than 150,000 GBP should be paying in taxes.

45 was Trump, not pence.


You magnificent motherf*cker. Well played.
 
2022-10-03 7:50:59 AM  

The Envoy: cfreak: dready zim: Nintenfreak: This is just me but 45 pence seems like the LEAST people making more than 150,000 GBP should be paying in taxes.

I would also hope they pay far more than a total of 45p if they are earning over £150,000

It's 45%. I'm not sure if the headline in the article is messed up or if it's just a confusing British thing.

/ says 45% in the article text
// yes it's Fark we don't read the article, etc.

45p of every £1.  So yes, 45%.


45p of every £ OVER£150,000.

/sorry being a pedant.
 
2022-10-03 7:51:43 AM  
It cost them £65 billion to prop up their currency due to this brain fart. Think how many universities and hospitals they could have built with that. Or they could have commissioned another 8 aircraft carriers. In the history of expensive mistakes, this must be near the top.
 
2022-10-03 8:00:47 AM  
Read "we figured out a way to do it that won't appear as public as this one."
 
2022-10-03 8:05:05 AM  

dready zim: Gulper Eel: > Mr Kwarteng told BBC Breakfast the proposal was "drowning out a strong package", including support for energy bills, and cuts to the basic rate of income tax and corporation tax.

Doesn't matter how many ingredients are in the stew if one of them's a turd.

Yup, it doesn't take much shiat to turn something into a shiat sandwich.


But is a shiat hot dog a shiat sandwich?
 
2022-10-03 8:20:14 AM  

Ragin' Asian: Who shat in your cheerios this morning?


Yeah, I regretted it as soon as it posted.  Ugh.

cfreak: The headline said "45p" with no other context and confused several people but go on with your bad self.


My apologies, had a bad start to my day, I shouldn't have taken it out on you.
 
2022-10-03 8:50:21 AM  
So does that make this a Kwasi tax cut?
 
2022-10-03 8:51:12 AM  

The Envoy: Ragin' Asian: Who shat in your cheerios this morning?

Yeah, I regretted it as soon as it posted.  Ugh.

cfreak: The headline said "45p" with no other context and confused several people but go on with your bad self.

My apologies, had a bad start to my day, I shouldn't have taken it out on you.


It's all good. Hope your day goes better.
 
2022-10-03 8:55:55 AM  

palelizard: dready zim: Gulper Eel: > Mr Kwarteng told BBC Breakfast the proposal was "drowning out a strong package", including support for energy bills, and cuts to the basic rate of income tax and corporation tax.

Doesn't matter how many ingredients are in the stew if one of them's a turd.

Yup, it doesn't take much shiat to turn something into a shiat sandwich.

But is a shiat hot dog a shiat sandwich?


No. Learn the rules, a shiat hotdog is a shiat taco.
 
2022-10-03 9:06:06 AM  
But she also said she was absolutely committed to it as part of a package to make the tax system "simpler" and boost growth.

Gonna assume this translates to "we don't wanna raise taxes on our country club buddies high earners".
 
2022-10-03 9:23:32 AM  

Dr. DJ Duckhunt: The Envoy: cfreak: The Envoy: cfreak: dready zim: Nintenfreak: This is just me but 45 pence seems like the LEAST people making more than 150,000 GBP should be paying in taxes.

I would also hope they pay far more than a total of 45p if they are earning over £150,000

It's 45%. I'm not sure if the headline in the article is messed up or if it's just a confusing British thing.

/ says 45% in the article text
// yes it's Fark we don't read the article, etc.

45p of every £1.  So yes, 45%.

Needlessly confusing British thing. Got it.

You're easily confused.  Got it.

How about they speak English.

But no, seriously, British-speak is convoluted.


Hey, it's not our fault that your weird off-shoot dialect is so far watered down that you can't understand the original any longer. We can understand both British English and the simplified versions perfectly fine.
 
2022-10-03 9:40:23 AM  
She should ask her neighbors across the channel what happens when the wealthy get out of hand. Or not. Everyone loves surprises.
 
2022-10-03 9:44:17 AM  
Apparently Liz Truss is nicknamed the human hand grenade because she manages to destroy plans with inane, harebrained ideas of her own at the last minute. That's not just incompetence but malicious incompetence.
 
2022-10-03 9:57:21 AM  

Nick Nostril: But she also said she was absolutely committed to it as part of a package to make the tax system "simpler" and boost growth.

Gonna assume this translates to "we don't wanna raise taxes on our country club buddies high earners".


Compared to the US tax code, the UK tax system is very simple. But, I know, that's not saying much.
 
2022-10-03 10:35:56 AM  

thenewflesh: Dr. DJ Duckhunt: The Envoy: cfreak: The Envoy: cfreak: dready zim: Nintenfreak: This is just me but 45 pence seems like the LEAST people making more than 150,000 GBP should be paying in taxes.

I would also hope they pay far more than a total of 45p if they are earning over £150,000

It's 45%. I'm not sure if the headline in the article is messed up or if it's just a confusing British thing.

/ says 45% in the article text
// yes it's Fark we don't read the article, etc.

45p of every £1.  So yes, 45%.

Needlessly confusing British thing. Got it.

You're easily confused.  Got it.

How about they speak English.

But no, seriously, British-speak is convoluted.

Hey, it's not our fault that your weird off-shoot dialect is so far watered down that you can't understand the original any longer. We can understand both British English and the simplified versions perfectly fine.


Well, we use % for "per-cent" not "p." Apparently "p" is should for "pence per pound" which is needlessly confusing, and you can't blame our "weird off-shoot dialect" because when the colonies left the empire the symbol was "d." If the headline said "108d" would you say that's a clearer way to write than "45%"?

Also the article gave very little historical context. This reuters article explained things way better. And didn't say "108d" or "45p." https://www.reuters.com/world/uk/uks-top-tax-rate-what-is-it-why-does-it-matter-2022-10-03/
 
2022-10-03 10:38:32 AM  

The Envoy: Ragin' Asian: Who shat in your cheerios this morning?

Yeah, I regretted it as soon as it posted.  Ugh.

cfreak: The headline said "45p" with no other context and confused several people but go on with your bad self.

My apologies, had a bad start to my day, I shouldn't have taken it out on you.


We've all been there.
 
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