Friday, April 20, 2012
Somebody think of the poor pensioners!
Granny tax 'perfectly sensible' as pensioners get better deal than young people, says David Gauke
How about we keep the tax rate on pensioners at half that of working people, but as a quid pro quo, take back all the council houses thrown away under Right To Buy and levy a 'free university claw back' tax.
Posted by mombers @ 12:19 PM (1355 views)
3 thoughts on “Somebody think of the poor pensioners!”
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mark says:
stuff em i want my stuff first
mark wadsworth says:
Mombers, indeed.
More to the point, every £1 increase in state pension makes pensioners £1 better off and every £1 reduction in personal allowance (“Granny tax”) makes them 20p worse off.
So – in round figures – if state pension/Citizen’s Pension is £7,500, old age personal allowance is £10,500 and normal personal allowance is £8,000, they could just increase the CP to £8,000 and reduce the old age personal allowance to £8,000, then it’s all nice and simple.
Pensioners win £500 on the CP increase and lose (up to) £500 from the reduction in personal allowance, none are worse off, job done.
i remember the 90`s says:
I don`t think that pensioners have got a bad deal ,its about time they joined the austerity wagon like the rest of us ,even worse for my children and they are still at school and have no notion of what faces them in the future.