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Labour pledges £2.5bn for 'overhaul to primary care estate'


copernicus | GP Partner/Principal13 Nov 2019 7:47pm No, not a "stooge". FYI, Everyone gets a "Personal Allowance" - that's the initial first part of your gross income which is not taxed - £12.500, last time I looked. The Superannuation shenanigans are completely different, and I agree that's needs to be sorted separately. My point was that monies paid into Superannuation comes off your highest rate of taxed taxable income, saving tax on those monies if you had otherwise kept them. Premises are again a separate thing, except that monies paid for premises service charges (heating, cleaning, etc) are again tax deductible from your highest rate of tax. If you own your premises, you are likely to gain a profit when you sell - this would be Capital Gains, taxed differently to Income Tax, with a different set of tax allowances. My point is that a small amount of extra tax on taxable income of £80,000 per annum, for GPs who probably don't earn masses more than that, is reasonable, I think. The "fat cats" earning £150,000 or more need to pay their fair share. Did you pay for your own medical education or did you benefit from the state paying your educational costs? If you went to private schools, did your school benefit from charitable status, courtesy of the state? Did you know that the funding for Grammar schools was greater per student than Secondary Modern Schools? Did you benefit from that? I know I did. Our society's biggest problem (next to climate change etc) is growing inequity, and our tax rates (at the very top) are historically very low. Money needs to be found to re-balance society, to all our benefit. My point is, we are only talking about a very small change - not taking us back to the very high rates in the 1960's.

Posted date

14 Nov 2019

Posted time