Taxation is theft

[SunnyInHades]

How to pay 0% income tax ...

1) Become a celeb (via pop band, reality show etc.)
2) Appear in OK/Hello magazine
3) Spend 100% of earnings on large house, cars, luxury items, forget tax obligations
4) When income tax bill 'arrives' declare bankruptcy
5) Goto 2


Dr John Tribe:
"Celebs going bankrupt to avoid tax bills
It looks like this trend has been developing partly in response to the recent changes which mean that
an individual’s bankruptcy record is effectively wiped clean after just a year, reducing both the stigma attached to becoming insolvent and, at the same time, providing a solution to their monetary problems.
Also, I suspect that some celebrities are being advised that bankruptcy is the best way to avoid their tax bills. In 2008, former popstar Kerry Katona filed for bankruptcy after failing to pay the final £82,000 of a £417,000 tax bill and just five years later in 2013, she was declared bankrupt for a second time"

[SpontaneousOrder]

How to pay 0% income tax ...

1) Become a celeb (via pop band, reality show etc.)
2) Appear in OK/Hello magazine
3) Spend 100% of earnings on large house, cars, luxury items, forget tax obligations
4) When income tax bill 'arrives' declare bankruptcy
5) Goto 2


Dr John Tribe:
"Celebs going bankrupt to avoid tax bills
It looks like this trend has been developing partly in response to the recent changes which mean that
an individual’s bankruptcy record is effectively wiped clean after just a year, reducing both the stigma attached to becoming insolvent and, at the same time, providing a solution to their monetary problems.
Also, I suspect that some celebrities are being advised that bankruptcy is the best way to avoid their tax bills. In 2008, former popstar Kerry Katona filed for bankruptcy after failing to pay the final £82,000 of a £417,000 tax bill and just five years later in 2013, she was declared bankrupt for a second time"

After it's wiped clean is it literally clean? Effectively like it never happened?

[SunnyInHades]

After it's wiped clean is it literally clean? Effectively like it never happened?

Believe so - 'unpaid tax bill' picked up by tax payers.

No problem getting ready cash for a 'bankrupt' celeb either during the year after declaration, a quick OK/Hello shoot and 250k in the back pocket and off to the Bentley dealership.

[Paddy]

there you go.

Income tax is only a temporary tax and expires at the end of the Crimean war. Oh, hang on.

[vetran]

After it's wiped clean is it literally clean? Effectively like it never happened?

the point is it doesn't matter while they still have earning power. They earn it, splurge it, go bankrupt, take a holiday and start again.

Any sensible legislation would exclude significant Tax liabilities from bankruptcy except in exceptional circumstances and have a climbing scale for expiry so 1st bankruptcy =2 years to clear, 2nd=5yrs and 3rd=lifetime.

Also significant earners should pay tax on account monthly. Earn > £150K you pay tax monthly, settle up at end of year and get penalised on say > 10% underpayments, base rate interest on overpayments.

Same with VAT for larger companies monthly payments so the business slowly builds up a surplus in case they go bankrupt owing VAT.

The tax man should be winding up most dodgy firms before they rip off all their suppliers & customers.

[d000hg]

there you go.

Tax is taken legally - in fact not paying it is illegal. Theft is by very definition illegal. Ergo, taxation is not theft.

[SpontaneousOrder]

Tax is taken legally - in fact not paying it is illegal. Theft is by very definition illegal. Ergo, taxation is not theft.

So would I be right in supposing that if UKIP legalised killing on a whim then killing someone on a whim would no longer be murder? Wouldn't that only be the case if the law was considered to be some a priori axiomatical truth? In which case how was this truth determined and why does it keep changing? It doesn't make any sense.

What does make sense is that taxation means legally permissible theft? (assuming that you agree that the idea of theft pre-dates legislation). Otherwise if the meaning of theft is dependant on the current laws imposed upon us, then it's a pretty meaningless word and no more heinous an act than getting a speeding ticket.

[d000hg]

So would I be right in supposing that if UKIP legalised killing on a whim then killing someone on a whim would no longer be murder?

If a soldier kills someone in combat or a country applies the death penalty, this is not murder because murder is by definition killing someone illegally.

The semantics of law have nothing to do with morality. But you cannot call tax "theft" anymore than you can use the term "bedroom tax" seriously.

[xoggoth]

Income tax is only a temporary tax and expires at the end of the Crimean war. Oh, hang on.

I seem to recall summit of the kind or was it the Napoleonic wars? Can't be arsed to look it up but shows you can't trust the F* state ever!

[stek]

I seem to recall summit of the kind or was it the Napoleonic wars? Can't be arsed to look it up but shows you can't trust the F* state ever!

Was it Pitt the Younger?