05-03-14, 08:48 AM
By a flat rate of income tax I do mean just that. Say 30 percent (remember that ni would be included). The richer don't get a bonus. They do get to keep more of what they have earned. However rich people would still pay more tax than poor people (as it is a percentage). The current yoyo of net take home money is ludicrous and needs simplifying.
I have kid (and number 2 is on the way). However child benefit is a nonsense really, I'd be interested to see how much needs to be taken in tax by the government to pay out the 80 quid a month. I'd rather pay less to the state in the first place and manage my own budgeting without the inefficient middle man thanks very much! The truly poor would be the ones to miss out here. That would be those who have income of zero to an amount where the efficiency of scraping the scheme breaks even.
My basic premise is that tax is too complicated. On purpose. It is so us tax payers don't realise just how much is taken from us.
I have kid (and number 2 is on the way). However child benefit is a nonsense really, I'd be interested to see how much needs to be taken in tax by the government to pay out the 80 quid a month. I'd rather pay less to the state in the first place and manage my own budgeting without the inefficient middle man thanks very much! The truly poor would be the ones to miss out here. That would be those who have income of zero to an amount where the efficiency of scraping the scheme breaks even.
My basic premise is that tax is too complicated. On purpose. It is so us tax payers don't realise just how much is taken from us.