I don't pay any tax on some of my income - the interest or dividends that I receive in any of my ISAs, which is as designed.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Cloud Cuckoo Land
Collapse
X
-
All dividends received within ISA's are received after basic tax has been taken. Interest is untaxed. -
I don't see why my plumber should pay tax on what I pay him, after all, I've already paid tax on that money.Originally posted by AtW View PostFor example wtf there is a tax on inheritance? If someone earned their money and paid all taxes due (such as income tax or capital gains tax) then it should be their *****ing right to give that money to whoever they deem appropriate without any extra taxes - it's their ****ing money after all.
Tax is usually a rake-off on a flow of money from one person to another. Why should the flow of money from employer/client to worker be taxed more heavily than the flow of money from deceased to beneficiary?Comment
-
Everybody should pay tax that is due, but HMG have a duty to ensure that all tax monies are spent well. Unfortunately, much of it is just wasted, so that they keep coming back for more, year after year. That is why we need a change of government ASAP.
Comment
-
Maybe there should be no income tax and everyone pays enough to maintain essential services of the Govt, ie army, police, courts etc. Any extra money taken in excess of that amount should be a crime - just like robbery is: taxation is effectively legalised robbery.Originally posted by IR35 Avoider View PostI don't see why my plumber should pay tax on what I pay him, after all, I've already paid tax on that money.
Both should be taxed very lowly, preferably at 0 rate.Why should the flow of money from employer/client to worker be taxed more heavily than the flow of money from deceased to beneficiary?Comment
-
How about we get rid of all tax, and HMRC just take 25% of all the money the Treasury prints.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
-
Originally posted by Stan.goodvibes View PostI avoid paying tax as much as possible. If I had my way there would be no income tax and you have to pay for everything you get (healthcare, schooling etc).
- I have no kids - no free schooling required
- I look after myself and don't drive dangerously - no healthcare costs for me so far in my entire life (apart from Dr which I pay for)
- I don't do crime, so don't cost the justice department anything
So why should I be supporting a bunch of other people??? Sod that. I have already well and truly paid my way from all the tax I have paid, so no more.
And I have a tax-free plan as well, but it requires several passports (which I have) and lots of moving...
Good old Maggie, one of her finer legacies - I'm alright Jack, sod society.Comment
-
Do you honestly believe that income tax is a law of nature?Originally posted by expat View PostAlways puzzles me: just why do some people think that they can get paid some money and not pay tax on it?
Why is it any more natural than a tax on existing, e.i. you should pay 50 GBP tax every day you are alive."Condoms should come with a free pack of earplugs."Comment
-
No, I didn't mean it in a moral sense but in a government sense: i.e. do you really think that the govt for aome reason lets you off paying tax?Originally posted by ThomasSoerensen View PostDo you honestly believe that income tax is a law of nature?
Why is it any more natural than a tax on existing, e.i. you should pay 50 GBP tax every day you are alive.
The answer is that they do: but only for some specific reason. The answer to CUK's regular "do I need to pay tax on this" questions is almost always "yes".Comment
-
I don't know. Why don't you ask Sir Philip Green, a close friend of the Blairs, who seems to pay no tax at all here and yet gets a Knighthood.Originally posted by expat View PostAlways puzzles me: just why do some people think that they can get paid some money and not pay tax on it?
http://www.fashionunited.co.uk/Conte...d_20040903311/
http://en.wikipedia.org/wiki/Philip_Green#Tax_avoidance
http://www.taxresearch.org.uk/Blog/2...tax-avoidance/Comment
-
Income Tax was created by the Government to fund the Napoleonic Wars - and yes Mr Green (chum of TB) pays zilch on his millions - because the companys assets are registered in his Mrs name who is resident in Monaco.
Aye - Right you are Mr Green.
Would be funny if she dumped him though !!!Last edited by AlfredJPruffock; 11 November 2008, 09:14.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers

Comment