Debate House Prices
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Youngters getting a poor deal
Comments
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Only if they buy stuff with VAT on surely ?, which a lot of the time are not necessities.
And fuel for heating is only 5% VAT
Not much is VAT free. Toiletries, toilet paper etc are VATed as are junk foods.
VAT is a regressive tax or perhaps not just depends how you define it is captured apparently.
http://www.bbc.co.uk/news/business-12111507"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 -
grizzly1911 wrote: »Not much is VAT free. Toiletries, toilet paper etc are VATed as are junk foods.
VAT is a regressive tax or perhaps not just depends how you define it is captured apparently.
http://www.bbc.co.uk/news/business-12111507
They can always use the Daily Mirror.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
grizzly1911 wrote: »For a 26000 wage earner 35% (graduate new scheme 37%), 40000 35% (graduate 40%). 60000 38% (44%) "fag packet" roughly ex pension.
The main necessary zero rate VAT items are basic food not processed, junk or hygiene related.
Can you explain your figures0 -
Only rough and ready.Can you explain your figures
32% of pay after £8000 personal allowance. and 42% over 43K. For graduates additional 9% over £21K.
For the three salaries I then applied Council Tax £1400/1400/1700, VAT £1000,1400, 2000 Fuel duty/VAT of £1000 for each based on 10000 miles."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 -
grizzly1911 wrote: »Only rough and ready.
32% of pay after £8000 personal allowance. and 42% over 43K. For graduates additional 9% over £21K.
For the three salaries I then applied Council Tax £1400/1400/1700, VAT £1000,1400, 2000 Fuel duty/VAT of £1000 for each based on 10000 miles.
I take it you are including NI. The 35% in the 60s did not include NI which I believe was a flat rate until the mid 70s (I havent been able to find how much it was).
Whilst searching I found an interesting change in 1989, the way I understand it is that prior 1989 you paid 9% on everthing you earned up to the upper cut off limit after that there was a lower 2% band which was changed to 0% in 1999.
As for total tax including council tax/rates VAT/purchase tax etc very difficult to compare but as tax as % of GDP is similar you would think you would think individual tax burden would be similar.
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Yup, this country is heading down the tubes, but the last ones to suffer will be those that partied whilst the sun shone and sold the rest of us down the river. I fully expect to live the latter parts of my life in a different country. I'll either leave when I'm eligible to apply for Consultants posts, or move to where my children end up. My preference is earlier rather than later to
Minimise the time I spend paying for and caring for boomers.0 -
I take it you are including NI. The 35% in the 60s did not include NI which I believe was a flat rate until the mid 70s (I havent been able to find how much it was).
Whilst searching I found an interesting change in 1989, the way I understand it is that prior 1989 you paid 9% on everthing you earned up to the upper cut off limit after that there was a lower 2% band which was changed to 0% in 1999.
As for total tax including council tax/rates VAT/purchase tax etc very difficult to compare but as tax as % of GDP is similar you would think you would think individual tax burden would be similar.
Yes I was including NI.
There are so many variables including multiple bands, married person allowances, Benefit in kind etc I guess any modelling would be complex not to mention layering on Rates, Purchase Tax, Car Purchase Tax(?), Duties.
Then there is the way the burden of some benefits which have effectively been passed into private sector hands, energy rebates for example that are no longer funded by the public purse but in higher tariffs to you and I.
The same goes for investment in utilities funded by higher charges that in some cases would have been buffered by the public purse.
http://www.hmrc.gov.uk/rates/archive.htm
Looks a thrilling read."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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