DOOM: Taxes

[northernladuk]

I am not quite in this position and am happy to pay a bit more tax.

it just leaves a bad taste whilst those who live of property, investments and family wealth passed down through the generations remain largely untouched.

Problem here is you. You just sound like a bitter poor person in every thread. As usual you are completely wrong. You really need to re-adjust your thinking rather than just posting these asinine posts. Just think a bit rather being oh woe is me.

Those property, investments etc were taxed when they were set up and likely to have been taxed on profits all along. There is then inheritance tax and then there is tax on profits to the people that have inherited them and so many other taxes. To say it's largely untouched is just naïve. Gotta make a better argument than that if anyone is going to take you seriously.

Largely untouched? Again, what does that mean? You've got to stop throwing these intangibles around and look at fact and figures.

And why should they be touched? People worked for them, saved for them and paid tax on them. What happens when we look at your assets and they are considerable compared to your average UK household and we slap a 40% tax on every penny you've earned, paid tax on and own? Will you be so woe is me then? I bet not.

As an example.. very simplistic and yes a ton of argument around it but.. Prince Charles. Does it leave a bad taste in your mouth he pays nothing on everything he's inherited? It shouldn't. Can't find the numbers recently be he paid £5M tax in 2011/12 so will be much more now. Using a royal is a terrible example and opens a whole other can of worms but for the sake of context here he has what you say and it certainly isn't untouched.

Do you think any of the below live on stuff passed to them? Do you despise them for being wealthy and you believe they don't contribute enough or live off inheritance for free? Do these tax bills look like its largely untouched?

1. Denise John and Peter Coates £481.7m

2. Chris Rokos £300m

3. Stephen Rubin and family £256.1m

4. The Weston family £175.4m

5. Fred and Peter Done £169.8m

6. Lord Sugar £163.4m

7. Peter Harris and family £141.4m

8. Sir Chris Hohn £126.1m

9. Leonie Schroder and family £121.2m

10. Alex Gerko £117.4m

I say again, lots of debate around this but just a starter for 10 to try and counter this attitude that you are poor and the rich don't pay their share.

You need to get a grip.

[hugebrain]

That property, investments etc were taxed when they were set up and likely to have been taxed on profits all along.

Except that that isn’t really true is it? Own a forest and sell timber, no tax. Farming: massive subsidies, millions for race-horse owners. Buy-to-let: receive more in subsidies then they pay in tax, plus exempted from VAT and most National Insurance, free boilers etc.

These taxes are much more a war on work and a way of preserving inequality than a way of raising money. The forty-five percent tax doesn’t even bring in anything - it’s to keep the proles away from the gentry.

[northernladuk]

Except that that isn’t really true is it? Own a forest and sell timber, no tax. Farming: massive subsidies, millions for race-horse owners. Buy-to-let: receive more in subsidies then they pay in tax, plus exempted from VAT and most National Insurance, free boilers etc.

These taxes are much more a war on work and a way of preserving inequality than a way of raising money. The forty-five percent tax doesn’t even bring in anything - it’s to keep the proles away from the gentry.

I think you've definitely got the BTL one wrong for a start, dunno about the others. I don't know where you think BTL get free boilers from but it's certainly not true. There is a system but it depends on the income of the tenants and all sorts. There are other taxes on BTL's like when you sell or inherit the properties and the like as well.

But that said. The whole point I was making was to try realign The Dudes whining about the rich and their assets not being touched. Yes, lots of debate to be had around individual examples but his simplistic moaning is his state of mind and he's not looking at it objectively.

[hugebrain]

I think you've definitely got the BTL one wrong for a start, dunno about the others. I don't know where you think BTL get free boilers from but it's certainly not true. There is a system but it depends on the income of the tenants and all sorts. There are other taxes on BTL's like when you sell or inherit the properties and the like as well.

But that said. The whole point I was making was to try realign The Dudes whining about the rich and their assets not being touched. Yes, lots of debate to be had around individual examples but his simplistic moaning is his state of mind and he's not looking at it objectively.

But I just pointed out to you how the rich aren’t touched in the same way. They are either not taxed at all or are taxed and then subsidised to make up for the lost money (plus a bit more).

Sorry you missed out on the energy efficiency scheme, the details were - benefits scroungers got help with one boiler, working people get your own you can afford it, buy-to-letters up to 100,000 EUR in free boilers, kerching! You are too late to apply now. (Yes, you had to be exploiting poor tenants, but that’s hardly a problem).

[AtW]

“The Times has also been told that Sunak and Hunt have discussed allowing local authorities to raise significantly more by removing the requirement for them to hold a referendum if they want to increase council tax by more than 2.99 per cent.

However, the plans are likely to be rejected amid concerns that they will hit some of the poorest and most vulnerable residents (AtW’s comment: no, Tory Scum concerned it will hit pensioners who vote for them) who are struggling to cope with the cost of living.”

https://www.thetimes.co.uk/article/s...irms-m7wdbv7pw

Council tax has really gone up in the last 10 years and basic services gone down