Why saguru sold his house.

[AtW]

Hmmm, seems tempting trade 50% tax that affects more people than mansion tax that affects less, in the future though it would be harder to remove mansion tax and lib dems know it - they want that tax to be their legacy.

[hyperD]

Tax on breathing as well, don't forget. We all laughed it wouldn't happen, and now it has.

[BrilloPad]

Hmmm, seems tempting trade 50% tax that affects more people than mansion tax that affects less, in the future though it would be harder to remove mansion tax and lib dems know it - they want that tax to be their legacy.

About time they got something right.

[DodgyAgent]

Vince Cable: Wealthy homeowners 'must pay their share' with mansion tax - Telegraph

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Tax what you earn, tax what you spend, tax what you buy, tax what you sell, even tax things for just existing.

Of course they are presuming that people who own valuable homes are cash rich enough to pay the extra tax.

[AtW]

I wonder - would Her Majesty be also forced to pay higher rate of tax?

If they use council tax bands then surely it would be fixed amount for any house over £X, thus people who are really wealthy like DimPrawn will pay pittance, not fair!!!

[vetran]

Council house bands need revisiting. a £1M house pays a few hundred more than a £300K 3 bedroom in a dicey area down south.

But at least Mr Monaco or Mr Milk Carton might actually pay some UK tax under this system.

It might be worth revisiting all the subsidies it seems half of the rich are getting paid farming subsidies.

Of course within months all the serious money's houses will become charities or similar so they don't pay it.