396
Row as Starmer suggests landlords and shareholders are not ‘working people’
(www.telegraph.co.uk)
this post was submitted on 25 Oct 2024
396 points (99.3% liked)
United Kingdom
4110 readers
163 users here now
General community for news/discussion in the UK.
Less serious posts should go in !casualuk@feddit.uk or !andfinally@feddit.uk
More serious politics should go in !uk_politics@feddit.uk.
Try not to spam the same link to multiple feddit.uk communities.
Pick the most appropriate, and put it there.
Posts should be related to UK-centric news, and should be either a link to a reputable source, or a text post on this community.
Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.
If you think "reputable news source" needs some definition, by all means start a meta thread.
Posts should be manually submitted, not by bot. Link titles should not be editorialised.
Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Or filing accounts.
Yeah you may be younger, but let's remember many folks my grandfathers age did not consider white collar work, to be work.
That idea is as far from correct as this article. Anything that is taxed under PAYE is working taxes. As the Labour Party manifesto and Starmer called it.
Shares growth of property and renting is taxed as capital gains.
Owning a business is the one that depends on how you choose to do it. Most sole traders are by definition covered under Income tax if self filled rather than PAYE.
If you have registered an LTD, you have a little more choice. And most accountants will advise you do not pay yourself as income tax. So you will be treating your labour as an investment. And here we see why the wealthy want false claims like thi in the right wing media. Because there is a possibility, that advice may change in the future and business owners will lose some tax advantages to a pay lower tax % than their employees.