What extra taxes would you volunteer to pay?

lisyloo

I would have thought making pension provision would suit most people, but if it doesn!!!8217;t then yes your options are for tax avoidance are limited on PAYE.
It actually makes perfect sense that you can have a tax break if you agree to make provision for a different part of your life (and hence alleviate the benefits and care system) but can!!!8217;t have tax breaks just to put the money into your own pocket. One could view this as a good thing and eminently sensible.

I still think NOT making any provision for retirement is and should be a minority case (especially now we have auto enrolment).

Herzlos

Money_Muppet wrote: »

Source?

Or is this more trolling?

He could be serious; he's woefully Ill informed when it comes to this.

It's nonsense to think that Scotland is English funded so all wealth should go back there.

It's fair enough that inheritance tax is less of an issue as the average property prices are a lot lower.

Pixie5740

economic wrote: »

Of course you would want to increase IHT and HPI tax. It would not affect you much would it?

How do you know how much increasing IHT and HPI tax would affect me? Oh, that's right...you don't.

economic wrote: »

Increasing IHT is stupid, it would just be spent or gifted away anyway. IHT should be abolished to save on bureaucracy and paperwork and debate time.

Indeed it would increase spending.

kabayiri

Here's some recent tax increases we have all seen.

VAT went up to 20%.
Fuel duty has increased on a regular basis over many years now.
Passenger duty, when flying to other countries.
Green levies on energy, worth about £100 or so on an annual bill.
Tuition fee increases.
Road tax increases, significant ones, back in April 2017.

I am left wondering. Just what exactly did any of these fix?

If the answer is nothing, then just what will a penny on income tax fix?

It's unfair to suggest to people that there is some easy solution out there, hinged on everyone losing a few quid from their pay packet.

michaels

You missed stamp duty and NI increases.

But then there have also been big increases in the personal allowance and tax credits.

Overall though the govt share of gdp is the highest ever despite labour and the bbc having done an excellent job in convincing the public that we have seen unprecedented austerity :rotfl:

economic

The easy "solution" to everything is to tax more and get more money. Results in more waste.

The hard solution is to spend the money wisely and carefully to maximize the return.

Why cant people question how taxes are spent rather then the simple "we need to tax more to solve everything"?

westernpromise

Money_Muppet wrote: »

Source?

Or is this more trolling?

https://www.scotsman.com/news/politics/scotland-s-public-sector-bill-hits-60-billion-1-2971845
TAXPAYERS have bankrolled a massive increase in the size of Scotland’s public sector in just over a decade, a Holyrood report has revealed. Public spending has doubled to more than £60 billion and accounts for half the size of Scotland’s economy.

Read more at: https://www.scotsman.com/news/politics/scotland-s-public-sector-bill-hits-60-billion-1-2971845

That's a/ in 2013 so more now, and b/ at 2013 oil prices making both the tax and size of the private sector smaller. Hence more than half the Scotch "economy" is the state.

It's simply beyond argument that the Scottish "economy" is a basket case that needs huge transfer payments from England, In 2015 Scotland raised £54 billion in taxes and spent £69 billion (https://fullfact.org/economy/tax-and-spending-scotland/). However, even this isn't the full story because this total tax "raised" includes income tax on public sector salaries funded out of private sector income tax.

Scotland is East Germany, basically.

One thing I have noticed is that the more tax people are given, the more they hate the givers, the more they want, and the less gratitude there is in evidence. Scotland reflects this on an unusually large scale, but it is exactly accurate of Labour voters too, who never ever express any appreciation whatsoever for all the free money, and in fact simply snivel abjectly after more.

Blueday

michaels wrote: »

You missed stamp duty and NI increases.

But then there have also been big increases in the personal allowance and tax credits.

Overall though the govt share of gdp is the highest ever despite labour and the bbc having done an excellent job in convincing the public that we have seen unprecedented austerity :rotfl:

Have you got that right?

https://www.ukpublicrevenue.co.uk/past_revenue

'In 1900 public revenue in the United Kingdom was 10 percent of GDP. Now it is 37 percent GDP after peaking at 43 percent GDP in the early 1980s'

westernpromise

In the early 1980s the state still owned loss-making duds like BT, BS, BL, etc.

Once the state stopped subsidising them and flogged them off, they became net contributors of tax revenue, rather than sinks for it. Take that out and I'd imagine the residual state share of the economy was quite a bit less than 43%, although the 10% is a good target and one we should aim at. Considering that in 1910 we were building dreadnoughts and had the world's largest navy out of that 10% it's an impressive figure if true and shows how badly things have slipped.

economic

Western economies currently are more socialist then capitalist if you compare it to history.

It!!!8217;s not just sectors of the economy. It is also things like state pensions and other unfunded liabilities - that are not measured accurately - that suggests we are very much a socialist country and part of a socialist western world.