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How bad will tax get?

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Comments

  • Ephemera
    Ephemera Posts: 1,604 Forumite
    Aaah, the Seventies... Winter of Discontent, strikes, shortages and power cuts... and the threat of all out nuclear war to keep the proles focussed.

    Aaah the Noughties, the only difference being that we have internal rather than external threats to keep the proles focussed...

    Nothing like history repeating to give you a nice, warm feeling! :)
    If you do what you've always done, you'll get what you've always got.



  • Ephemera
    Ephemera Posts: 1,604 Forumite
    Don't forget that the debt can be repaid over many many years, or we can simply choose to ignore it and maintain debt levels sustained by such bankrupt countries as America and Japan. It doesn't all have to be generated in year one of recovery.

    Ah, PFI....

    Why pay once when you can pay again, and again, and again???
    If you do what you've always done, you'll get what you've always got.



  • davilown
    davilown Posts: 2,303 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I can see another penny, if not two on the basic (albeit for a shorter period) rate of tax. 5 pence for the higher rate and perhap a decrease in stamp duty levels. This will, I believe, be implemented regardless of who is in power. Add this to the increase in interest rates over the next two to three years and it's not looking good for many.
    30th June 2021 completely debt free…. Downsized, reduced working hours and living the dream.
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    Let's get this straight. We are taxed to death. Tax one everything, plus N.I, and council tax, VAT, fuel tax, dividend tax, stamp duty, etc. And there is MORE to come? UN fffff ing believable.

    I don't mind paying a FAIR share of tax, but this is ridiculous.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    mewbie wrote: »
    Let's get this straight. We are taxed to death. Tax one everything, plus N.I, and council tax, VAT, fuel tax, dividend tax, stamp duty, etc. And there is MORE to come? UN fffff ing believable.

    I don't mind paying a FAIR share of tax, but this is ridiculous.

    The forthcoming budget will be interesting..... not just for tax rises but public sector expenditure will need to be capped in real terms.

    Seriously thinking of becoming a crofter and living a simple life living off the land.
  • fc123
    fc123 Posts: 6,573 Forumite
    Thrugelmir wrote: »
    The forthcoming budget will be interesting..... not just for tax rises but public sector expenditure will need to be capped in real terms.

    Seriously thinking of becoming a crofter and living a simple life living off the land.

    Lot's of us on here planning that lifestyle.
    I am going to wait and see though.....I don't know if I could cope with the diet in the winter....it would be all turnips and potatos. I like log fires.
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