andrewducker: (Default)
andrewducker ([personal profile] andrewducker) wrote2021-09-08 12:00 pm

Interesting Links for 08-09-2021

chess: (Default)

[personal profile] chess 2021-09-08 01:42 pm (UTC)(link)
Yes - you're missing that National Insurance is capped, which means your top earners will not be paying their fair share of this. (Unless it bypasses the cap as well as the 'not if you're a pensioner' bit, which is unclear from the article.)

Also missing:

This is headlined as 'social care' but is actually going to make up the NHS shortfall during the life of this parliament - it seems unlikely they'll drop a huge NHS cut just before an election, and thus unlikely that it will actually go to social care.

This goes with a 'care cap' which benefits only people with assets - this is the whole 'granny shouldn't have to sell the house for care' thing which only benefits people whose granny owned a house in the first place.
Edited 2021-09-08 13:44 (UTC)
chess: (Default)

[personal profile] chess 2021-09-08 02:00 pm (UTC)(link)
As pointed out lower down in that thread, going up to 80k only just gets you over the cap so it's not clear from the graph that this is an issue: see eg https://twitter.com/juliman66/status/1435361963224309764 and https://twitter.com/RobShaer/status/1435264090017050627
Edited 2021-09-08 14:00 (UTC)
wildeabandon: picture of me (Default)

[personal profile] wildeabandon 2021-09-08 04:05 pm (UTC)(link)
Also NI starts at a lower income than income tax, so low earners will be paying more than they would if we just increased income tax.

(Also NI is fundamentally stupid, and should just be scrapped and replaced by adjusting the income tax rates and bands in a sensible way)
emperor: (Default)

[personal profile] emperor 2021-09-08 04:51 pm (UTC)(link)
NI also doesn't catch income from dividends, renting, and other such things that the better-off are more likely to have as income too, AIUI.