Wealth tax

[Hobosapien]

Once we invoke A50, we don't need to do this though, since there will be £350 million a week invested in the NHS. I read it on a bus somewhere.

That will be the Pork Chop Express if it's on the A50. As Jack Burton-Upon-Trent once said "If we're not back by dawn call the EU president."

Jack who?

Jack Burton-Upon-Trent:

When some wild-eyed, eight-foot-tall EU maniac grabs your neck, taps the back of your favourite head up against the brexit wall, and he looks you crooked in the eye and he asks you if ya paid your dues, you just stare that big sucker right back in the eye, and you remember what ol' Jack Burton always says at a time like that: "Have ya paid your dues, Jack?" "Yessir, the cheque is in the mail."

It's all in the reflexes.

[DimPrawn]

Labour policy in a nutshell:

Increase tax on the wealthy to eye watering levels, where wealthy is everyone > median income.
Spend every penny on state run money pits.
When that isn't enough (unions demand another 10% pay increase like last month), hike taxes again.
When there's no more money, borrow it and print it.
When the economy collapses as all the business leave and all the (smart) people emigrate, go to the IMF.


So nothing has changed, Labour is Labour, and they want their 1970's Britain back.

[AtW]

Labour policy in a nutshell

The problem is that it's not just Labour policy - Cons are taxing very heavily already and it will get worse - Tory Scum will motivate it by saying that it's not as bad as Labour would have done with 15% wealth tax.

[SueEllen]

The problem is that it's not just Labour policy - Cons are taxing very heavily already and it will get worse - Tory Scum will motivate it by saying that it's not as bad as Labour would have done with 15% wealth tax.

Tories = make up new indirect taxes.

Labour = increase the taxes Tories have made up and make up new benefits to subsidise big business.

[AtW]

Tories = make up new indirect taxes.

Labour = increase the taxes Tories have made up and make up new benefits to subsidise big business.

Yeah right, 30% increase in dividend tax, very indirect

[SueEllen]

Yeah right, 30% increase in dividend tax, very indirect

Dividend tax aren't part of tax on your salary so is indirect. Same way NI isn't a tax so is indirect taxation.

Weasel explanation but that's how politicians use it.

[AtW]

Dividend tax aren't part of tax on your salary so is indirect. Same way NI isn't a tax so is indirect taxation. Weasel explanation but that's how politicians use it.

NO!

Dividend taxation is DIRECT taxation (it's just deferred via self assessment).

National "Insurance" is also direct taxation - an income tax with another name.

Indirect taxation is stuff like VAT, fuel duty etc - it's called indirect because it's only taken later in the game after money are spent: the person in question decides what to buy (though often there is little choice as many things are essential: fuel, booze)

[DodgyAgent]

NO!

Dividend taxation is DIRECT taxation (it's just deferred via self assessment).

National "Insurance" is also direct taxation - an income tax with another name.

Indirect taxation is stuff like VAT, fuel duty etc - it's called indirect because it's only taken later in the game after money are spent: the person in question decides what to buy (though often there is little choice as many things are essential: fuel, booze)