Debate House Prices


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What extra taxes would you volunteer to pay?

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Comments

  • zagubov
    zagubov Posts: 17,938 Forumite
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    edited 2 March 2018 at 2:30AM
    I can afford to buy rap music but have enough good taste to not want to. I'd tax it to the hilt. I'd earmark the income to subsidise music education and particularly singing lessons.

    I'd rename TV license a radio tax and (as they do in Israel) add it to fuel tax as motorists listen to the radio as they drive.
    There is no honour to be had in not knowing a thing that can be known - Danny Baker
  • System
    System Posts: 178,353 Community Admin
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    None



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    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • LHW99
    LHW99 Posts: 5,263 Forumite
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    I would be happy to pay a small amount to visit my GP, say £5-£10 (with passes for those with chronic / long lasting conditions, which I am not at the moment_.
    I have to pay for a checkup at the (NHS) dentist, and the opticians charge for an eyetest except in certain cases, so don't see why the same shouldn't be the case for GP's.
  • Herzlos
    Herzlos Posts: 15,918 Forumite
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    edited 10 February 2018 at 8:40PM
    I'd pay £500 a year to avoid paying £100k to move sideways.

    That sounds like a tax cut for you? Unless you plan to own that property for 200 years?

    I'd ditch VED and add another 10p tax on fuel. That'd see me paying about an extra £200/year on the current car. Adds additional tax burden on speeders and poorly maintained cars as well as being unavoidable.

    We already pay more income tax up here, and I'm fine with that too.

    Most of the lefty complaints about tax are that they disproportinally burden the poor and are so easily circumvented by the rich. "Taxing the rich more" is your take on "making the rich pay the same tax as everyone else".

    I'd totally simplify the tax system to save management costs and close loopholes.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    Herzlos wrote: »
    We already pay more income tax up here, and I'm fine with that too.

    Then you won't require so much subsidy in the future. ;)
  • caronoel
    caronoel Posts: 908 Forumite
    I've been Money Tipped!
    Tax rates are far too high in this country, with few shouldering the majority of the tax burden as higher rate taxes are applied on relatively modest incomes.

    We could do any number of things to dramatically increase the nil and 20% tax bands.

    1) As a NHS user, I would not object to paying £10 to see a GP or to go to hospital


    2) As someone who will one day be a relatively wealthy pensioner, we should apply National Insurance to income post State Pension Age. Why should the old pay less tax than thd young?

    3) As a shareholder and property investor, we should apply Employee National Insurance to dividends, rental income and interest to rebalance the tax disadvantages from those with mainly PAYE income.

    4) Again as a shareholder and investor, i believe we shouldRaise CGT rates to an individual taxpayer's marginal PAYE rate, once indexation has been applied to the gain

    5) As a 45% rate taxpayer who supports a number of charities, i believe we should Limit the level of tax relief on charitable donations to the first £1,000, and/or limit the ability of those paying tax at 40% or 45% to claim back additional taxes.

    All taxes raised by these measures should be given back to ordinary taxpayers through a substantial widening of the 20% PAYE rate
  • ukcarper
    ukcarper Posts: 17,337 Forumite
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    Paying NI would cost me £1700 a year I dont think Id volunteer for that.

    No apostrophe because of problem.
  • boliston
    boliston Posts: 3,012 Forumite
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    I have never seen the point in 20% tax + 12% ni - I would much rather simply pay 32% tax
  • economic
    economic Posts: 3,002 Forumite
    0 extra tax. Im trying to reduce my taxes even more!!
  • BobQ
    BobQ Posts: 11,181 Forumite
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    Our resident leftists are always full of great ideas for new taxes to be applied to other people but not to themselves. So let's explore this a bit. What new taxes are you prepared to pay that you don't have to pay now? Propose one.

    Rules: it has to be one you actually stand a chance of paying. Saying you'd pay a tax on unicorns or Ferraris or your £10 million house is not volunteering to pay anything at all if you have none of these things.

    Mine is that I would volunteer to pay a square footage tax on my house as long as 1/ it was applied nationallt at the same rate and 2/ it replaced SDLT. There are 27 million households in the UK and SDLT raises £14 billion so that's roughly £500 per household. I'd pay £500 a year to avoid paying £100k to move sideways.

    So what would you pay, or can you only think of taxes you wouldn't have to pay ?

    I would be willing to pay to park a commercial vehicle on a residential street.

    I would willingly pay 1p tax for the NHS

    But the premise of your question is wrong. The issue is not that people are not required to pay enough taxes, but that some people choose not to pay taxes through avoidance and evasion methods that Parliament never intended to make possible.
    Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.
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