The pay back

kabayiri

purch wrote: »

Since then the whole system has got less streamlined and more complicated, and definately less fair.

This is because they have learned that 'spin' delivers more success to politicians than truth.

Look at the growth in stealth taxes over recent years. I'm sure the green agenda will translate into more taxes.

Is it a pipe dream to expect a tax system which is :-
- relatively fair to all
- cheap to administer
- easy to understand
- rakes in more when times are hard
- rakes in less when times are good.

I suspect there are a large body of civil service, legal, and accountant people, who find the complicated system we have very rewarding.

Graham_Devon

neas wrote: »

Quoted for truth... very good post

Not really.

I made a simple example. That is all. I said the example is not right.

This poster is currently trolling DT and being a right little internet warrior!!

Some good stuff you got going on Active X. Bored?

thriftybabe

I am sure that there are many resources wasted in Public Sector. Having worked there a number of years ago I saw first hand the amount of money that was wasted. I am sure they could save loads there!

chucky

Graham_Devon wrote: »

Not really.

I made a simple example. That is all. I said the example is not right.

This poster is currently trolling DT and being a right little internet warrior!!

Some good stuff you got going on Active X. Bored?

have you been upsetting people agian Graham?

Graham_Devon

Active_X wrote: »

If your 'simple' example is 'not right', then why give it in the first place? It just doesn't make sense.

Jeez.

Get over the example bit. I just couldn't think of the word to describe what I was trying to say. "In theory" would be the best word I can think of.

Basically I don't know what the tax system is in spain, or greece, or germany. I doubt rochdale does either.

So to say that we are therefore lower taxed in the UK than other countries is not entirely correct. One ONE measure, we may be lower taxed. On ALL measures? Tax is tax.

If, in theory, our income tax was set at 5%, and an "un-named country" had theirs set at 30%, does that instantly mean we are better off tax wise? No.

If you cannot grasp what I am saying here, thats not really my problem, but it's also not a huge enough issue to create all this out of. Unless you are a bored banned poster, of course. Then, this sort of thing is a gift.

Active_X

Graham_Devon wrote: »

Jeez.

Get over the example bit. I just couldn't think of the word to describe what I was trying to say. "In theory" would be the best word I can think of.

Basically I don't know what the tax system is in spain, or greece, or germany.

If you dont know what your talking about then I suggest you stop talking. Otherwise you leave yourself open to ridicule.

Graham_Devon

Active_X wrote: »

If you dont know what your talking about then I suggest you stop talking. Otherwise you leave yourself open to ridicule.

Alright, I'll leave you to your fat bashing. Have fun

zappahey

Graham_Devon wrote: »

Jeez.

Get over the example bit. I just couldn't think of the word to describe what I was trying to say. "In theory" would be the best word I can think of.

You're looking for the term "hypothetical situation"

You could try this link for an indicator of total tax take by country.

It's Wikipedia , so caveat it any way you like

http://en.wikipedia.org/wiki/List_of_countries_by_tax_revenue_as_percentage_of_GDP

StevieJ

The way some talk on here we have to replicate the tax structure in Timore-Leste to pay back the debt :eek: BTW where is Timor-Leste or Kiribati for that matter.

Thrugelmir

IveSeenTheLight wrote: »

There is a link on the right hand side under latest MSE news

http://www.moneysavingexpert.com/news/protect/2009/10/income-tax-may-need-to-rise-by-7p-report-warns?utm_source=forum&utm_medium=sidebar&utm_campaign=box

Interestingly for Thruglemir, I see no reference to CGT changes

Thanks ISTL. :beer:

The trouble is that CGT doesn't register on the richter scale in terms of the tax revenue it would raise. Though no stone will left unturned by any incoming Government to raise as much tax from every possible source.

Its hard to see a 7p increase in basic rate tax being contemplated. The Tories have drawn a line at £18k for public service workers. Which suggests that the serious tax reform may well happen above this level.

So a freezing of the level at which 40% tax becomes payable, to bring more people into this rate band.
A neutral tax policy for those earning below £18k with an emphasis on making work better than credits.
In the middle who knows?

Reference to other countries is irrelevant. As income tax by itself is not comparable. VAT rates ( ie US sales tax ) differs, property tax differs, import duty differs and so on. Governments raise money by different means.

I'm not discounting anything. We discuss billions as if they were pennies. It was barely 10 years a £40 billion PSBR would have caused alarm. Now we are facing £200 billion shortfalls.