Farage

So, do you give yourself dispensation to say just about anything you like, regardless of accuracy. I can fully see why you might think you are correct. Thats the funny part about it. But hasnt it dawned on you that you might be wrong.? You might aswell have been swearing black is white. At least have the decency to question your own judgement. I know you wish to bang the drum for UKIP, but to the extent of questioning my judgement repeatedly. Are you really that avid a supporter?

Income Tax rates
Standard Rate10%
Higher Rate20%

Standard rate tax thresholds
Single Person£10,500
Married Couple (combined)£21,000
Balance taxable at20%

No tax payable over £120000 of tax liability. IE top rate of tax is zero percent.

Its on the internet. But you can always give them a bell.

Now was all the nonsense really necessary, Dave?

I can understand why someone like Cameron and his fellow toffs should label Ukip as "racist" because he has absolutely no answer for them and he has no idea of how to counter their continuing rise in popularity. So he tries the old tactic of bad-mouthing and name-calling, in the hopes that people are put off. And, of course, Cameron, Clegg and Miliband have all instructed their friendly newspaper proprietors and editors to follow suit. You, John, are simply jumping on the band-wagon.

But the accusations of rascism are all contrived because the Primary Purpose Rule immigration measure that Ukip proposes was invented and implemented by the Conservative party. It came into force at the start of Thatcher's second term in 1983 and as there were General Elections in 1987 and 1992 which the Conservatives also won, this measure was not unpopular with the electorate. There were no accusations of "racism" or "xenophobia" thrown at the ruling party resulting from its immigration policy and for Conservatives to now accuse Ukip of racism is hypocrisy of the worst possible kind. Remind me, John, which party did Enoch Powell represent in Parliament?

You get all sanctimonious because Farage wants to protect his childrens' future by having a trust registered in the Isle of Man. So what? Did he break any law? No he did not but such is the politics of envy in the UK that his actions were perceived to be politically-incorrect. I would suggest to you that it is far less acceptable to tinker with the wording of someone's will after their death in order to avoid Inheritance Tax. Or are champagne socialists - and Tony Benn was the Grand Master - exempted from the codes of practice they require others to follow. A true hypocrite to the core, had Benn had his way, he would have introduced legislation to prevent everyone else from doing exactly what he had done (read his memoirs!). It's not even as if either Farage or his wife would benefit from that family trust: but his children and grandchildren would have. Do you enjoy punishing and depriving children?

The more you keep banging your drum and spouting your anti-Ukip rhetoric, the more I will feel the need to counter it. You have been warned.

More drivel. What a waste of your time, that was.

Drivel, eh .... just because you don't understand it. It must suck to be you.

Ouch, that's a lot of tax to pay.

That's £120,000 pounds cash handed over to the IOM authorities for residency status, or £240,000 for a resident couple (every year).

Not wanting to get technical John, but that is an exemption or maximum, not a zero percent rate.

You know what, Dave, I do believe John is struggling to to express himself coherently and I think what he means is that only the first £120,000 is taxable. That's way cool and would mean in your case that your earnings from lunchtime on Monday would be tax free! That does not mean, however, that the top rate of Manx Tax is zero percent; it is, of course, 20%.

Actually no, the £120,000 annual limit appears to be a tax cap, a £120,000 annual cap on the amount anybody can pay, for which they must make a 5 year election.

This was implemented specifically as a bid to attract wealthy entrepreneurs to the Isle of Man in order to generate economic activity.

Apparently there are currently about 70 people who are eligible for this cap.

After that it is zero rating. Most of that is at 20%

So yes. Whichever way you look at it there is a top tier at zeo percent. You can quibble about it all you like, which no doubt you will do, just to be bloody minded.

Can you get that rate in the UK except by avoidance or evasion Dave? I mean you. How do YOU cheat the taxman in the UK?

Wonder what HRMC would discover if they delved more deeply into your tax circumnavigations?

Its simply your inability to understand English.

No. Your post consists of the meanderings of a senile man.

"Cap" is the word you struggle for, Dave. To use the expression the tax authorities use here. But it doesnt matter what you call it, over that amount the rate is effectively zero percent.

So. Back to Farage. He was in the process of setting up a trust fund in the Isle of Man to dodge liability with the UK tax authorities. But then he realised his "mistake" and thought better of it.

Not so clean cut and transparent as he likes to portray. He certainly looked uncomfortable in front of the camera in the Panorama programme. The look of a man with something to hide.

Exactly.

I agree John.

Please see my last post above, I used that very word two times.

Glad to be of assistance.

Goodnight.

More of a hindrance Dave. It took you a long time to get there. But you got there in the end.

Right. Back to Farage and his dodgy party....

OK so it was written earlier this year but it highlights all one needs to know about these clowns and of course those that support their thinking....

http://blogs.telegraph.co.uk/news/danhodges/100261889/ukip-are-now-a-racist-party/

Bereft of original thought

Hardly. It encapsulates it.

I think you are bereft of cohesive thought. You think like a butterfly.