Maugholdmafia Posted February 13 Share Posted February 13 Due on the 20th February 2024. Manx whispers are that income tax is rising in some sort of way. Lets just say this will go down like a led balloon with the manx public! 1 Quote Link to comment Share on other sites More sharing options...
Albert Tatlock Posted February 13 Share Posted February 13 The usual way to raise income tax is to not increase personal allowances, or bullshit NI and personal allowances. If they upscale personal allowances 1% they'll make 5% on average pay rises. Time for our politicians to stand up to the civil and public services. You can only milk a cow twice a day, not 3 times. 2 Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted February 13 Share Posted February 13 Just now, Albert Tatlock said: Time for our politicians to stand up to the civil and public services. You can only milk a cow twice a day, not 3 times. None of them will because they are all willingly led by the nose (Inc. knowing which side their bread is buttered) plus they run scared of agitating the PS who are not only the largest voting lobby on the Island but who also form a huge part of the Island workforce. Upsetting them is a terrifying idea for all of our political collective. It's easier to kowtow and risk the Island's economic future, after all, two terms sees you on a pension, that's only 10 years and most of them have that under their belts now. 7 1 Quote Link to comment Share on other sites More sharing options...
Hairy Poppins Posted February 13 Share Posted February 13 1 hour ago, Maugholdmafia said: Manx whispers are that income tax is rising in some sort of way. 1% rise in the rate of tax for each band is what I've heard. 10% becomes 11% and 20% becomes 21% Some BS about ring fencing it for essential services. Not sure I believe it's true to be honest, but they would have the audacity to try and do it. They should have used the extra income better last year, but instead seemed surprised that pay demands were more than 2% even though inflation was near 10% when they were drawing up last year's budget. 1 Quote Link to comment Share on other sites More sharing options...
CallMeCurious Posted February 13 Share Posted February 13 Allison will no doubt ring his hands about "tough post pandemic and inflationary pressures..." before sticking the same hands in our collective pockets. Again. 6 Quote Link to comment Share on other sites More sharing options...
asitis Posted February 14 Share Posted February 14 The root of the problem is the taxpayers cannot afford the islands Government and Civil Service. Until the former starts to address the size and cost of the latter we are on the road to hell. Of course stupid and profligate decisions have a large effect and that needs to stop too. 6 6 Quote Link to comment Share on other sites More sharing options...
Maugholdmafia Posted February 14 Author Share Posted February 14 3 hours ago, asitis said: The root of the problem is the taxpayers cannot afford the islands Government and Civil Service. Until the former starts to address the size and cost of the latter we are on the road to hell. Of course stupid and profligate decisions have a large effect and that needs to stop too. Its the elderly pension population too. The working people will have to pay to fund the pensions, and there wont be enough workers Quote Link to comment Share on other sites More sharing options...
CallMeCurious Posted February 14 Share Posted February 14 6 minutes ago, Maugholdmafia said: Its the elderly pension population too. The working people will have to pay to fund the pensions, and there wont be enough workers State pensions have always been paid from the current workforce. As the demographic shifted, not only does the ratio of pensions to workers increase but families have shrunk to the point where more and more elederly folk have no family support mechanism. Or at least one that struggles to manage whilst working and raising their own family. This is not unique to the Isle of Man, the UK or even Europe. Much like healthcare workers, the only answer our politicians seem to have is to import more workers. In a market where they will be in ever higher demand that is unsustainable. So that is a double whammy which is already impacting Manx Care etc. and the 3rd and unspoken factor is that most of the imported labour sends it's a large portion of their money back home to support their families which takes it out of the local economy. Add in the 4th factor of more and more effective treatments available, be it new drugs or new treatments/surgery at ever increasing costs too. There are no easy fixes but it seems like a can that keeps getting kicked down the road. We are already at the point where we can't afford to maintain what we have (roads, schools, pools etc.) let alone the ever expanding civil service or vanity projects. I doubt anything will happen except extednign retirement age (unless you are in the CS of course), turn the screw on taxation both direct, indirect and by stealth under the guise of saving 'muh environment' and the next 'big thing' like airships, movies and now online gambling. But what do I know about it. I'm sure AA has it all sorted and this budget will be the first step to a new golden era. 2 1 1 Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted February 14 Share Posted February 14 48 minutes ago, Maugholdmafia said: The working people will have to pay to fund the pensions, and there wont be enough workers And there's two lots of pensions too. The state and those of the PS. 2 Quote Link to comment Share on other sites More sharing options...
Hairy Poppins Posted February 14 Share Posted February 14 4 hours ago, asitis said: The root of the problem is the taxpayers cannot afford the islands Government and Civil Service. Until the former starts to address the size and cost of the latter we are on the road to hell. The island needs to decide what kind and scale of government it needs.... that's a circular argument though as nothing will ever happen and realistic suggestions just get pushed into the long grass. 40 minutes ago, CallMeCurious said: State pensions have always been paid from the current workforce. Try educating some of the elder population on that. You're entirely right, but you would be met with a chorus of "we've paid into the pot for 50+ years" they seem to think there's a magic piggy bank somewhere that contains all of their NI contributions. 1 Quote Link to comment Share on other sites More sharing options...
asitis Posted February 14 Share Posted February 14 1 hour ago, Maugholdmafia said: Its the elderly pension population too. The working people will have to pay to fund the pensions, and there wont be enough workers Yes agreed but, there are people of pensionable age here, I'm one of them together with my wife who have worked here since moving over when we were young, we can't help being of pensionable age !. Also having paid for other pensions during our working lives, now we qualify for state pension, we pay a significant amount of income tax so still contribute. I take your point but getting older is not something any of us if we have decent luck can avoid ! 3 1 Quote Link to comment Share on other sites More sharing options...
Hairy Poppins Posted February 14 Share Posted February 14 1 minute ago, asitis said: Yes agreed but, there are people of pensionable age here, I'm one of them together with my wife who have worked here since moving over when we were young, we can't help being of pensionable age !. Also having paid for other pensions during our working lives, now we qualify for state pension, we pay a significant amount of income tax so still contribute. I take your point but getting older is not something any of us if we have decent luck can avoid ! There should be no issues with people who have lived and worked here for a decent time. What we need to clampdown on is retirees moving here who haven't made a contribution but then become a liability on Manx Care and other services. 7 1 Quote Link to comment Share on other sites More sharing options...
Manxman2000 Posted February 14 Share Posted February 14 24 minutes ago, Hairy Poppins said: There should be no issues with people who have lived and worked here for a decent time. What we need to clampdown on is retirees moving here who haven't made a contribution but then become a liability on Manx Care and other services. A good number go in the opposite direction. Reasons for leaving the Island inc better standard of living, yes, even with the problems the UK has the standard of living is better. Health care, my partner has significant health problems, she is better cared for in Wales than she could be on island. The Welsh government may have some daft ideas but spending is kept reasonably in line with income, no fancy sea terminals, or other grandiose schemes like Iris, incinerator, building a ferry that is too big and costs an arm and two legs, and what ever comes next. The Island is and has been for many years been living beyond its means. When will the money run out. A decent government is needed, but only the people can remedy that. 4 3 Quote Link to comment Share on other sites More sharing options...
Albert Tatlock Posted February 14 Share Posted February 14 Any income tax rise will be the beginning of the end for the members of this parliament. It will send all the wrong signals to businesses and individuals, that this government makes no effort to cut it's cloth and is incapable. Once tax rises start, they won't end, until these ever increasing costs of an increasingly bloating civil and public service are reduced by at least 10%. 5 7 Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted February 14 Share Posted February 14 (edited) 8 minutes ago, Albert Tatlock said: Any income tax rise will be the beginning of the end for the members of this parliament. It will send all the wrong signals to businesses and individuals, that this government makes no effort to cut it's cloth and is incapable. Once tax rises start, they won't end, until these ever increasing costs of an increasingly bloating civil and public service are reduced by at least 10%. Tax rises have been justified by politicos contributing to these boards on the grounds of, "You weren't paying enough". If it ends some political terms, it makes no difference, they are not the ones making the rules. It is exemplary of the Govt mandarin's attitude, there is no philosophy of cutting costs to suit income, rather it is one of continual expense and expansion and simply expect the taxpayers to stump up more as and when it's required. Braddan roundhouse is another sterling example. Edited February 14 by Non-Believer Extra bit 5 Quote Link to comment Share on other sites More sharing options...
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