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Debate House Prices
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More hardworking taxpayers about to offshore - New property tax inbound.
Comments
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vivatifosi wrote: »Mmm... I like that idea but worry that it won't be fair on the person next door if a house is allowed to burn down and the fire spread.
However, thinking laterally, we could always give ourselves the powers to take over said properties on which taxes are unpaid and use them as social housing until payment is forthcoming. I daresay that'd have the desired effect.
After all the usual warnings, knock the door down and recover items to the value of unpaid council tax. If their are no valuables, as you say open it to social housing or simply barricade it up with some of those nice metal sheets they have."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Wales already has an extra band...brought in 2005. ??
Band I...£425,000 and over...theres no entrepreneurs left now they've all fled the country..;)0 -
Isn't it an oxymoron to describe little old ladies living in £1 million + houses as "poor". Surely they can't have it both ways (benefit from house price inflation which will give them unearned income when they sell it) yet complain when the cost of their home means that they have to pay more?
The right kind of taxes on the rich are those on unearned income, rather than raising income tax which is a tax on aspiration and earned income.
They also need to close the loophole on tax avoidance by large corporations, which will make the whole tax system much fairer.0 -
The right kind of taxes on the rich are those on unearned income, rather than raising income tax which is a tax on aspiration and earned income.
What about "unearned income" on savings that have been made out of taxed income already.
Just because someone has decided to be provident and not squandered everything why should they be penalised?
I happen to agree with your main comment re people who are sitting on very high property values and pleading poverty.
Presumably some of the speculators have these properties purely as investments. I wondered how their capital gains are taxed (if they are)."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
My thoughts on tax are are.
Good items to tax
Spending/Consumption (harder to avoid, discourages waste)
Homes/Land (hard to avoid, encourages good economic use of assets)
Bad items to tax
Profits (companies can move profits overseas, can overstate expenses)
Income (discourages people working)
Savings (discourages individual managing their cashflow properly')
Share dividend (this encourages wealth to move overseas)0 -
Evening Malcolm, and welcome back!Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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vivatifosi wrote: »Evening Malcolm, and welcome back!
Thanks viva! How are you!?0 -
Thanks viva! How are you!?
Very well thanks! If you haven't already done so, you should pop your head into the NPT and say hi.Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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vivatifosi wrote: »Very well thanks! If you haven't already done so, you should pop your head into the NPT and say hi.
Good to hear! I haven't popped in (yet), however I'll be there in a moment. x0 -
Looks like they have binned the mansion tax idea PaulF81.
They are after your pension contributions now. Apparently they might reduce your tax free element from £250k to £50k pa. (FT):eek:
Seems more than sufficient to stash each year.
Next it will be reduce it to basic rate relief."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0
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