Which Taxes Should Rise?

sabretoothtigger

Taxes on consumption/output

False. We are already cutting public spending.

Although I accept your point about it taking time to make large cuts.

uk budget will be in deficit for years I think as will Greece. Its not really a cut until we stop spending more then we can afford, as the costs of the debt continues to rise and will probably do in any case with rates


What do you think of Australias 60% tax rate Generali ?


I voted consumption tax because its the most likely to involve imported goods which give no benefit to the economy where as increased investment or uk company earnings all have secondary benefits which government needs to encourage where possible

Taxes on unearned income

Im surprised this is so popular as I think it would involve taxing people who have saved for retirement, taxes like council tax which dont care how rich or poor you are?

Generali

Taxes on capital

sabretoothtigger wrote: »

What do you think of Australias 60% tax rate Generali ?

On what? The top rate of income tax is 45% payable on taxable earnings over $180,000. Unfortunately I haven't been lucky enough to pay that as yet being stuck in the 40% tax bracket for earnings over $80,000.