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Do away with the myriad of pointless benefits, tax credits etc...
A very high tax free allowance and then a flat rate. I would say this is the fairest and simplest system to have.
It would have to be about £15K minimum to work.
agreed, however there is too much money being made by those who assist tax minimisation (avoidance) and too many inert civil servants thinking up new policies and impossible to understand legislation
agreed, however there is too much money being made by those who assist tax minimisation (avoidance) and too many inert civil servants thinking up new policies and impossible to understand legislation
it's nothing to do with fairness, ever!
If you want fairness, move to China. Everyone is equal over there apparently.
Originally posted by ItsQuickerAntiClockwiseView Post
WHS .......
The only way you could make it slightly fairer is to make sure you have a high no-tax-paid threshold, like £10,000 or even £15,000 ....... That way all everyone has enough to make sure they can afford the basics of living. After that you get taxed a flat rate on what you earn.
Which is exactly how it would be implemented, I'd say at least 15k. At the moment they take it with one hand and give it back with another, pointless.
I often wonder what someone needs to earn to be a net benefit to the country in terms of tax? I reckon it has to near £20k, anything below that is effectively subsidised by everone else.
No wonder McDonalds turns such a healthy profit.
Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave Johnson
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