05-03-14, 01:07 AM
(05-03-14, 12:08 AM)Grahamm link Wrote:[quote author=alan sherman link=topic=11938.msg131632#msg131632 date=1393951713]
Cease VED. Put it on petrol
I agree.
Quote:income tax - make it a flat percentage over a certain 'living' wage
So the less well off end up paying a bigger proportion of their disposable income whilst the wealthiest get a nice bonus?
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No bonus! If you overtax the wealthy, they will leave the country, case in point: France (one of their most successful actors, Gérard Depardieu is technically now Russian!) The wealthy put the most in to the system, and typically draw the least (no benefits, often use private health care etc).
On the stepped system, what about the unfortunate middle classes who end up just above that step? They are then clobbered with a disproportionate tax.
(05-03-14, 12:08 AM)Grahamm link Wrote:Quote:Cease child benefit.
Why? Is this "If you can't afford kids, you shouldn't have them" attitude to stop the poor from breeding??
I prefer the earlier suggestion: cap it at a set number of children to prevent benefit fraud.
(05-03-14, 12:08 AM)Grahamm link Wrote:Quote:Re-introduce married person transferable tax allowances.
Fine, provided same-sex couples count as "married".
Hasn't that already happened? It's certainly been giving Catholics and other Christians throughout the UK enough grief!! I personally prefer the French system of civil partnerships when it comes to law, as that removes the religious connotations attached to marriage. Wrong thread for THAT discusssion, but it's worth mentionning en passant.
(05-03-14, 12:08 AM)Grahamm link Wrote:Quote:Cease tax free schemes like ISAs
Again, why? If you want things simplified, how are these complicated? There's no need to account for the interest on your tax return and the providers don't have to collect tax and pay it to the government.
I think this ties in with the flat tax idea. You get taxed on all the money you have, but it's a flat rate.
(05-03-14, 12:08 AM)Grahamm link Wrote:Quote:Flat rate VAT - remove the anomalies like a lower rate for kids clothes, safety equipment, food, on and off-premises milk!
So, again, the poor in society get hit disproportionately hard as their children's clothes, their food, their heating and so on take a massive hike.
Voted Tory recently?
Flat rate VAT doesn't mean it needs to hike up (although it probably would)... rather ironic, considering VAT was originally a temporary tax....
But I have to agree with Graham on this particular point.
The Deef's apprentice