Property tax mulled over

HAMISH_MCTAVISH

the_flying_pig wrote: »

if i'm going to pay [say] £10k in tax per year, why the heck do i care whether it comes straight out my income or whether I have to pay it based on the value of my house?.

Because based on past form with governments in this country it will end up being £10k in tax from your income and £10k in tax from your house.

Emy1501

LydiaJ wrote: »

Not necessarily. Many pensioners bought their houses ages ago and own them outright. They can afford to carry on living them even if they now have a really quite low income. A bit of extra gas for heating, that's the only added expense, other than taxes.

As I say we are all in this together. If you can afford to live in a 2m house you are doing pretty well whennever you bought it. I doubt there is anyone struggling to pay the bills in these types of property and if there are then maybe downsizing to 1m property maybe a thought.

I've met people with disabled children uping sticks and moving to the other end of the country to try and find work and make ends meet and I'm not sure why the wealthy shouldn't be affected by the cuts going on.

HAMISH_MCTAVISH

Emy1501 wrote: »

If you can afford to live in a 2m house you are doing pretty well whennever you bought it..

Yeah, the pensioner argument doesn't hold much water.... today.

But I just don't trust the government to not allow this tax to creep until it covers most of the population.

We have too many taxes, and we pay too much in taxes.

I'd rather see a simplified income tax structure at higher levels and less in the way of taxes on consumption, which are really taxes on economic growth.

the_flying_pig

HAMISH_MCTAVISH wrote: »

Because based on past form with governments in this country it will end up being £10k in tax from your income and £10k in tax from your house.

that's just not true.

whatever the Daily Mail would have us believe total tax receipts as a % of GDP haven't really changed at all in either of our lifetimes. look it up.

they're a lot higher than [say] before the two world wars [and therefore before the NHS & before any decent welfare state to speak of] but that's another story [and pretty much forever ago].

A._Badger

God, do I hate this sanctimonious 'we're all in it together' claptrap. This isn't the Blitz and pat little phrases aren't much more than a tissue thin disguise for raw envy.

I can't stand Joan Bakewell (thanks for the laugh, the commenter earlier who described her career as 'illustrious') but even I'm not so bleak-hearted and impoverished of spirit that I would force the old fraud her to sell her home. It's her home! Have people in this country gone stark, staring mad?

A._Badger

the_flying_pig wrote: »

that's just not true.

whatever the Daily Mail would have us believe total tax receipts as a % of GDP haven't really changed at all in either of our lifetimes. look it up.

Oh dear. He said 'Daily Mail'. For no obvious reason.

File under 'foaming Leftist'

the_flying_pig

A._Badger wrote: »

Oh dear. He said 'Daily Mail'. For no obvious reason.

File under 'foaming Leftist'

shhh.

anyway - this shows that we tax (1) less than the european average, (2) fractionally more than the oecd average, (3) no more than in basically all the rest of the last 4 decades.

Le_Chuck

What happens if you have a house worth say £2.1m. Then the implementation of a property tax, would then devalue your house to say £1.95m. Would you have to pay the tax or not?

Emy1501

A._Badger wrote: »

God, do I hate this sanctimonious 'we're all in it together' claptrap. This isn't the Blitz and pat little phrases aren't much more than a tissue thin disguise for raw envy.

I can't stand Joan Bakewell (thanks for the laugh, the commenter earlier who described her career as 'illustrious') but even I'm not so bleak-hearted and impoverished of spirit that I would force the old fraud her to sell her home. It's her home! Have people in this country gone stark, staring mad?

No one is forcing anyone to leave their home. I suspect just like most she is making excuses as to why people should pay more just not her.

Its the problem with the country everyone believes in cuts as long as it does not affect them. Simple facts are sooner or later the cuts have to affect everyone including people like her.

the_flying_pig

Le_Chuck wrote: »

What happens if you have a house worth say £2.1m. Then the implementation of a property tax, would then devalue your house to say £1.95m. Would you have to pay the tax or not?

Well, council tax is based on crude street-based valuations in the 90s or summat, it doesn't use some magic super-sharp valuing scalpel. They'd have to do something comparable here to make it cheap and easy to administer. Sounds a little tricky but hardly beyond the wit of man.