asitis Posted February 20 Share Posted February 20 3 minutes ago, Albert Tatlock said: This budget should have been voted down...and a major employee cost cutting project started. It's a budget that rewards incompetence. Yes sadly almost thirty years of incompetence ! 3 Quote Link to comment Share on other sites More sharing options...
majkul Posted February 20 Share Posted February 20 We'll be fine once the 15,000 new residents move over here. The place has become a laughing stock (whilst those at the top laugh all the way to the bank while sticking two fingers up at the general public, who are working harder to keep the cabal with their snouts in the trough). As I was saying to someone at work a few days ago, when I moved here in 1992, it was Heaven on earth, and you were rewarded for hard work. Nowadays, you would be stupid to try and move here and bring up a family. 4 4 Quote Link to comment Share on other sites More sharing options...
Andy Onchan Posted February 20 Share Posted February 20 1 minute ago, majkul said: We'll be fine once the 15,000 new residents move over here. The place has become a laughing stock (whilst those at the top laugh all the way to the bank while sticking two fingers up at the general public, who are working harder to keep the cabal with their snouts in the trough). As I was saying to someone at work a few days ago, when I moved here in 1992, it was Heaven on earth, and you were rewarded for hard work. Nowadays, you would be stupid to try and move here and bring up a family. Unless you're in the £120k/pa bracket. Quote Link to comment Share on other sites More sharing options...
Blade Runner Posted February 20 Share Posted February 20 Why are the increases in NI not making much news? They are a double whammy to both the individual and the employer normally* - *I have not read deep enough into them so they may just be another 10% tax raise on employees? like the income tax raise. Quote Link to comment Share on other sites More sharing options...
Banker Posted February 20 Share Posted February 20 (edited) 16 minutes ago, TheTeapot said: I've not read it for sanity reasons, so can anyone tell me, is there anything good in it? Yes if you’re on benefits particularly child benefit as second child etc increases by 60% plus paternity/maternity pay. https://www.manxradio.com/news/isle-of-man-news/budget-whats-happening-to-benefits/ Edited February 20 by Banker 1 Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted February 20 Share Posted February 20 And they will keep on this trajectory until the reserves are exhausted. The PS vision extends to "Me" and "Now" and no further, anybody who thinks that there is a long-term strategy is deluded. A £100M drawdown represents @ 1/6th of reputed available cash reserves. So on those figures, it won't be long, especially if we have more overspending during the year. 4 Quote Link to comment Share on other sites More sharing options...
Shake me up Judy Posted February 20 Share Posted February 20 In what's meant to be the budget debate there are too many members just reading their own prepared department statement. Are they allowed to do this ? The President should be chairing this debate. Quote Link to comment Share on other sites More sharing options...
Shake me up Judy Posted February 20 Share Posted February 20 1 minute ago, Non-Believer said: And they will keep on this trajectory until the reserves are exhausted. The PS vision extends to "Me" and "Now" and no further, anybody who thinks that there is a long-term strategy is deluded. A £100M drawdown represents @ 1/6th of reputed available cash reserves. So on those figures, it won't be long, especially if we have more overspending during the year. The further £100 million draw on reserves is the headline figure here. That's the real index of performance. 2 Quote Link to comment Share on other sites More sharing options...
forestboy Posted February 20 Share Posted February 20 37 minutes ago, Non-Believer said: But it is very good at looking after itself and its own. Always have done and always will. Sod the surfs. Quote Link to comment Share on other sites More sharing options...
Ramon Eelman Posted February 20 Share Posted February 20 Hi I'm new to the Island and manxforums. I've added the 24/25 tax year to a tax/NI calculator I made. I thought it might be useful so you can find out what it means for you. It's on a best-effort basis so if you find any calculation to be off please let me know. https://www.manxremote.dev/tax-calculator 9 1 Quote Link to comment Share on other sites More sharing options...
Blade Runner Posted February 20 Share Posted February 20 3 minutes ago, Andy Onchan said: Unless you're in the £120k/pa bracket. As I said yesterday, I have quite a few friends with joint incomes of double that level on the rock, and plenty with MUCH higher incomes from the main bread-winner. What they are saying today on X is that they would rather pay more tax and cut the very low income peoples tax rates to balance society. If, as a tax policy, you just up low and middle income tax takes, that will only create a underclass that needs to do "bad things" to make ends meet. That "Budget" is the quite worst piece of bad social engineering I have ever seen and I read Russia Today through a VPN Welcome to the new Toxteth, relocated to the IOM in 2027/8/9............. 4 1 Quote Link to comment Share on other sites More sharing options...
Albert Tatlock Posted February 20 Share Posted February 20 Nice App guys. Soften your pictures though, you look like the island's 'most wanted'. Quote Link to comment Share on other sites More sharing options...
Blade Runner Posted February 20 Share Posted February 20 15 minutes ago, Banker said: Yes if you’re on benefits particularly child benefit as second child etc increases by 60% plus paternity/maternity pay. https://www.manxradio.com/news/isle-of-man-news/budget-whats-happening-to-benefits/ And that will help the sum total of fu5k all as not many are in that situation 1 Quote Link to comment Share on other sites More sharing options...
Banker Posted February 20 Share Posted February 20 10 minutes ago, Blade Runner said: As I said yesterday, I have quite a few friends with joint incomes of double that level on the rock, and plenty with MUCH higher incomes from the main bread-winner. What they are saying today on X is that they would rather pay more tax and cut the very low income peoples tax rates to balance society. If, as a tax policy, you just up low and middle income tax takes, that will only create a underclass that needs to do "bad things" to make ends meet. That "Budget" is the quite worst piece of bad social engineering I have ever seen and I read Russia Today through a VPN Welcome to the new Toxteth, relocated to the IOM in 2027/8/9............. You’re like Cueey spouting nonsense, everyone knows you have no friends over here earning high salaries, if you’ve got any they’re probably on benefits like you. 1 1 1 Quote Link to comment Share on other sites More sharing options...
Spyk3r Posted February 20 Share Posted February 20 (edited) 40 minutes ago, Ramon Eelman said: Hi I'm new to the Island and manxforums. I've added the 24/25 tax year to a tax/NI calculator I made. I thought it might be useful so you can find out what it means for you. It's on a best-effort basis so if you find any calculation to be off please let me know. https://www.manxremote.dev/tax-calculator I had a quick look at this and I think it is great! Edited February 20 by Spyk3r Quote Link to comment Share on other sites More sharing options...
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