Tax ''thiefing Scumbags''

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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.

You only get taxed the higher rate on the amount over the step/threshold (unlike the santander 123 account which pays interest on whole amount once savings pass the stated threshold ) and you'll find the rich pay amazing accountants to lose large sums of cash to reduce tax obligations






[quote author=Grahamm link=topic=11938.msg131726#msg131726 date=1393974497]

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.

ISA's are a teaser the choice is the individuals some think it a con so don't use their allowance. Others, the sensible buy into the system and pay a little less tax. At the end of day the sensible gain from the tax reduction the Government gain tax monies from the suspicious and the suspicious lose by paying higher rate of tax

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