Jump to content

Isle of Man Budget 2024


Maugholdmafia

Recommended Posts

Just now, Shake me up Judy said:

Allinson's summing up is sounding like the longest Oscars acceptance speech ever. He'll be thanking his mum next. Mr President should be giving him the finger across the windpipe sign.

So, reading between the Lines Allison Alex praised Rob Callister for keeping electricity on a low traiff for customers, was that a dig at the £40 million losses the incurred under Robs Reign.

Link to comment
Share on other sites

2 minutes ago, Shake me up Judy said:

Allinson's summing up is sounding like the longest Oscars acceptance speech ever. He'll be thanking his mum next. Mr President should be giving him the finger across the windpipe sign.

Finger up a pipe more like it.

And there is no time for lube.

  • Like 1
  • Haha 2
Link to comment
Share on other sites

2 hours ago, CallMeCurious said:

So there is going to be Health Service Tax  (sorry Levy) on top of NI, VAT & Income Tax, Fuel Duty, Vehicle Licensing.....

And he did not raise tax thresholds so more people paying more taxes if they get wage rise to cope with inflation.

Does anyone really believe that they'll lower the higher rate back to 20%?

So there will be another set of CS mandarins to collect and administer the £20m, more red tape and paperwork for businesses and individuals to confrom. Government making more governemtn to sort out a government made problem. How about ringfencing what the hospital and schools need and let the rest fight over the remains?

This aims to replace the 2% tax increase and also apply to residents who do not pay income tax in the Isle of Man.

Who are the residents who do not pay income tax? Children? Pensioners? Housewives? Students?

Since a couple  have  a joint  tax free allowance of 29k there are many who have retired to the island.

Provided they own their own house  £2.4k a month is a very decent retirement income. 

Or they can have upto 42k  income  for around £1300 in tax.   That's a 3% tax rate on the £42k

Edited by mad_manx
Link to comment
Share on other sites

1 minute ago, Shake me up Judy said:

Unanimous eight votes for the Budget by LegCo. What is the point ?  

#clubtynwald. The best club etc etc

Link to comment
Share on other sites

48 minutes ago, Shake me up Judy said:

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.

Especially Julie Edge who keeps going on about everybody 'reaching their potential'. That's a meaningless concept. She's just listing what the Department of Education, Sport and Culture spend their money on.

And it's not her department. It's ours.

Link to comment
Share on other sites

2 minutes ago, mad_manx said:

Since a couple  have  a joint allowance of 29k there are many who have retired to the island.

Provided they own their own house  £2.4k a month is a very decent retirement income. 

It is.....

....until you start to draw the cost of living down. Insurance, taxes, broadband, phones, all adds up. 

I actually did these numbers for ourselves last night and it really made me wonder how families get by.

The couples joint allowance helps, but with some careful accounting it can be managed in the UK

  • Like 1
  • Thanks 1
Link to comment
Share on other sites

7 minutes ago, mad_manx said:

Since a couple  have  a joint  tax free allowance of 29k there are many who have retired to the island.

Provided they own their own house  £2.4k a month is a very decent retirement income. 

Or they can have upto 42k  income  for around £1300 in tax.   That's a 3% tax rate on the £42k

Yes lot better than uk where you can’t transfer full allowance to a working partner.

  • Like 1
Link to comment
Share on other sites

This is where not having opposition politics is highlighted.

Has anybody stood up and criticised yet, let alone voted against? We have an executive that is unrestrained and no checks and balances.

  • Like 2
Link to comment
Share on other sites

40 minutes ago, Blade Runner said:

And that will help the sum total of fu5k all as not many are in that situation

No just the 3000 families who have 2 or more children so maybe 12000 in total plus the many on other benefits like unemployed.

  • Thanks 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...