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MSE News: Government to reveal how taxpayers' bills are spent
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Former_MSE_Helen
Posts: 2,382 Forumite
in Cutting tax
This is the discussion thread for the following MSE News Story:
"Every taxpayer is to receive a personal statement spelling out what the Government is spending their tax on..."
"Every taxpayer is to receive a personal statement spelling out what the Government is spending their tax on..."
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Interest payments on the national debt account for £363 – somewhat ahead of the £329 for defence and more than double the £153 for the police.0
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The statements are said to be part of the Government's drive to make the tax system simpler and more transparent.
The more they can spell out how much welfare costs, without detailing how much good the vast, vast majority of that money does, the more people will blame those receiving it for today's problems.0 -
Radionotme wrote: »Does that include contributions to the police through council tax? I suspect the numbers would change considerably if not.
Arguably, HMRC is the most dysfunctional government agency; do we really need to give them any more to make a complete hash of?Warning: In the kingdom of the blind, the one-eyed man is king.
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So most of my money is going to benefit cheats-great!0
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Specimen statements prepared by the Treasury show someone on £25,200 a year sees £5,702 of their income go to the Exchequer in direct taxation.
So they're basically not going to be worth the paper they're written on. For someone earning £25,200 in 2012/2013:
20% tax :£3,545.00
Employees NI: £2,156.64
Employers NI: £2,501.66 (And yes - this is direct taxation - if the employer wasn't paying it to the government, they could pay it to you; it's a direct consequence of your employment)
So there's £8,203.30 of direct taxation due to your getting a £25,200 gross wage.
And this doesn't touch on other 'direct taxation' some of which others have already mentioned that come out of what's left:
VAT@20%
Council Tax
Duty on tobacco/alcohol/fuel.Conjugating the verb 'to be":
-o I am humble -o You are attention seeking -o She is Nadine Dorries0 -
Paul_Herring wrote: »And this doesn't touch on other 'direct taxation' some of which others have already mentioned that come out of what's left:
VAT@20%
Duty on tobacco/alcohol/fuel.
Another worthless and expensive exercise that this Government partakes. I suspect most people that receive this will treat it as junk mail and throw i straight in the bin. Most people just won't be interested. Most of those that do care where their taxes are spent would probably know where to look for the information. If the Government insists on this then I would rather a calculator be provided on the internet and taxpayers notified of the calculator through routine correspondence that would be sent to the taxpayer anyway.Did you really mean to put loose?
Lose: no longer possess, not to retain, unable to find
Loose: not firmly or tightly fixed in place0 -
How much is all this costing? Is it even necessary?Mortgage free I: 8th December 2009!
Mortgage free II: New Year's Eve 2013!
Mortgage free III: Est. Dec 2021...0 -
AirlieBird wrote: »They are indirect taxes.
Another worthless and expensive exercise that this Government partakes. I suspect most people that receive this will treat it as junk mail and throw i straight in the bin. Most people just won't be interested. Most of those that do care where their taxes are spent would probably know where to look for the information. If the Government insists on this then I would rather a calculator be provided on the internet and taxpayers notified of the calculator through routine correspondence that would be sent to the taxpayer anyway.
You've missed off the group that isn't interested in facts and will instead believe whatever nonsense information is reported in the Daily Fail.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
AirlieBird wrote: »They are indirect taxes.
No - they are direct taxes since you pay them directly. Just because someone in the government said they're not doesn't actually make them not.
Indirect taxes are those that the businesses, that collect them on behalf of the government, pay (business taxes, taxes on profit etc.) which result in the increased net cost of the product.Conjugating the verb 'to be":
-o I am humble -o You are attention seeking -o She is Nadine Dorries0 -
Paul_Herring wrote: »No - they are direct taxes since you pay them directly. Just because someone in the government said they're not doesn't actually make them not.
Indirect taxes are those that the businesses, that collect them on behalf of the government, pay (business taxes, taxes on profit etc.) which result in the increased net cost of the product.Did you really mean to put loose?
Lose: no longer possess, not to retain, unable to find
Loose: not firmly or tightly fixed in place0
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