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One of the Budget headlines was that bingo tax has been halved to 10% and this is supposed to help us enjoy life.
Despite being in our sixties, neither my wife or I have ever actually played bingo. I have set foot in a bingo hall but that was to do mugshots of the management team for the front-of-house display: work rather than leisure.
Does any reader play bingo?
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He also knocked a penny from the price of beer, a drink I believe is popular with the working classes.
Not much chance of the drinking classes getting their penny off
The pecking order is usually the Chancellor(but not on this occasion), the Brewery, Pub chain, Landlord
So I wonder who will get it
"Joy for all" ... said the chancellor.
....unless you're a retired couple on 10 to £20,000 a year, most of us retirees, I imagine.
We get nothing, unlike married pensioners on £4000 a week who get a big bonus.
.....Where's the justice in that ...the rich get richer and the poor get shafted
Quote: We get nothing, unlike married pensioners on £4000 a week who get a big bonus.
Didn't see that in the budget...
I just saw it as a headline calculated to persuade the more gullible punters that the present regime does have their interests at heart after all.
After all, the vast majority of press output is geared to such people.
Quote: Didn't see that in the budget
...probably no more true than "We're all winners"
but according to the press, 74 year old married pensioners on £200,000 a year
... will be £368 a year better off....
No doubt it means nothing to anyone on the thick end of quarter million a year,
..... but If I got an extra £368 a year, I'd be laughing.
Quote: Does any reader play bingo
No....but I could be interested in the 100 pints of beer challenge to save £1....
Quote: ... will be £368 a year better off....
That's life, get over it or you will have a sad life worrying about other people....
........and I don't play Bingo...............................
Try playing bingo. You could recoup your £368 in one go, and be grateful that you were saving money at the same time.
Quote: That's life, get over it or you will have a sad life
....that was rude and uncalled for....I was merely responding to your own comment.
I used to be a regular Bingo player, and was quite lucky, but there's no gambling (legal!) here in Crete, so |I had to give up my hobby.
Quote: I used to be a regular Bingo player, and was quite lucky, but there's no gambling (legal!) here in Crete, so |I had to give up my hobby.
No legal gambling at all Carol ? ...I wish it were the same in the UK... my wife is a real addict.
...course, like you, she too claims to be lucky.. ....I never see any of the winnings though
The point at which someone starts paying tax has gone up by £500. That means anyone earning over £10000 will be a bit better off. Even those in the 40% tax bracket, who normally get shafted by having the 40% band lowered to compensate.
You will always get people complaining that the better off people benefit most, but if you're on less than £10K and the tax change doesn't benefit you, well, you don't pay any tax anyway, so that's as good as it's going to get really.
Here's a great analogy I read a while back:
Suppose that every day, ten men go out for dinner. The bill for all ten comes to £100. If they paid their bill the way we pay our taxes, it would go something like this:
the first four men, the poorest, would pay nothing;
the fifth would pay £1;
the sixth would pay £3;
the seventh would pay £7;
the eighth pays £12;
the ninth would pay £18;
and the tenth man, the richest, would pay £59.
"That's what they decided to do. The ten men ate dinner in the restaurant every day and seemed quite happy with the arrangement --- until one day, the owner threw them a curve (in tax language a tax cut).
"'Since you are all such good customers,' he said, 'I am going to reduce the cost of your daily meal by £20. So now dinner for the ten only cost £80.00.
"The group still wanted to pay their bill the way we pay our taxes. So the first four men were unaffected. They would still eat for free. But what about the other six--the paying customers? How could they divvy up the £20 windfall so that everyone would get his 'fair share?'
"The six men realized that £20 divided by six is £3.33. But if they subtracted that from everybody's share, Then the fifth man and the sixth man would end up being PAID to eat their meal. So the restaurant owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay:
as before, the first four men paid nothing;
now the fifth man also paid nothing;
the sixth man now paid £2;
the seventh paid £5;
the eighth man paid £9;
the ninth man paid £12;
leaving the tenth man with a bill of £52 instead of his earlier £59.
Each of the six was better off than before. And the first four continued to eat for free.
"But once outside the restaurant, the men began to compare their savings. 'I only got a £ out of the £20 reduction,' declared the sixth man, but he, pointing to the tenth. 'But he got £7!'. 'Yeah, that's right,' exclaimed the fifth man, 'I only saved a £ too; it's unfair that he got seven times more than me!'
'"That's true,' shouted the seventh man, 'why should he get £7 back when I got only £2? The wealthy get all the breaks!. 'Wait a minute,' yelled the first four men in unison, 'We didn't get anything at all. The system exploits the poor!'
"The nine men surrounded the tenth and beat him up. The next night he didn't show up for dinner, so the nine sat down and ate without him. But when it came time to pay the bill, they discovered, a little late what was very important. They were now £52 short of paying the bill. Imagine that!
And that is how the tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up at the table anymore.
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