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The last taboo -raising income tax

Radiantsoul
Posts: 2,096 Forumite


Why is there a taboo on raising the basic rate of income tax?
It seems fairer than raising endless indirect taxes and is similiar to raising NI.
It seems fairer than raising endless indirect taxes and is similiar to raising NI.
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Comments
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It is a lot simpler to do but causes more direct problems becuse it automatically cuts straight into income. It is ok for people that have a fair bit of disposable income but for people that are on the breadline, which at the moment is probably over 1/3 of the country, cuts straight into their expenditure and they can't afford to pay things out.0
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It is a lot simpler to do but causes more direct problems becuse it automatically cuts straight into income. It is ok for people that have a fair bit of disposable income but for people that are on the breadline, which at the moment is probably over 1/3 of the country, cuts straight into their expenditure and they can't afford to pay things out.
So multiple bands at escalating rates, just as they do over the pond.The only thing that is constant is change.0 -
It is a lot simpler to do but causes more direct problems becuse it automatically cuts straight into income. It is ok for people that have a fair bit of disposable income but for people that are on the breadline, which at the moment is probably over 1/3 of the country, cuts straight into their expenditure and they can't afford to pay things out.
I guess so, although a similiar effect occurs when thresholds are not raised. I prefer the withholding nature of income tax to the "utility bill" type approach of council tax.0 -
Radiantsoul wrote: »I guess so, although a similiar effect occurs when thresholds are not raised. I prefer the withholding nature of income tax to the "utility bill" type approach of council tax.
Council tax is a pain, I like it being taken from my wages so I don't have to worry about it and there a bit less chance of there being an error.0 -
At least with indirect taxes, you can feel like you have a little control over what your money is wasted on.0
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Freezing of 40% band will have an impact after a couple of years. With increasing numbers of people caught in the net.0
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Thrugelmir wrote: »Freezing of 40% band will have an impact after a couple of years. With increasing numbers of people caught in the net.
Depending on wage inflation of course...;)It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
lemonjelly wrote: »Depending on wage inflation of course...;)
....... and the full declaration of income (such as property letting).0
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