Reply to: Wealth tax

[DodgyAgent]

NO!

Dividend taxation is DIRECT taxation (it's just deferred via self assessment).

National "Insurance" is also direct taxation - an income tax with another name.

Indirect taxation is stuff like VAT, fuel duty etc - it's called indirect because it's only taken later in the game after money are spent: the person in question decides what to buy (though often there is little choice as many things are essential: fuel, booze)

[AtW]

Dividend tax aren't part of tax on your salary so is indirect. Same way NI isn't a tax so is indirect taxation. Weasel explanation but that's how politicians use it.

NO!

Dividend taxation is DIRECT taxation (it's just deferred via self assessment).

National "Insurance" is also direct taxation - an income tax with another name.

Indirect taxation is stuff like VAT, fuel duty etc - it's called indirect because it's only taken later in the game after money are spent: the person in question decides what to buy (though often there is little choice as many things are essential: fuel, booze)

[SueEllen]

Yeah right, 30% increase in dividend tax, very indirect

Dividend tax aren't part of tax on your salary so is indirect. Same way NI isn't a tax so is indirect taxation.

Weasel explanation but that's how politicians use it.

[AtW]

Tories = make up new indirect taxes.

Labour = increase the taxes Tories have made up and make up new benefits to subsidise big business.

Yeah right, 30% increase in dividend tax, very indirect

[SueEllen]

The problem is that it's not just Labour policy - Cons are taxing very heavily already and it will get worse - Tory Scum will motivate it by saying that it's not as bad as Labour would have done with 15% wealth tax.

Tories = make up new indirect taxes.

Labour = increase the taxes Tories have made up and make up new benefits to subsidise big business.

[AtW]

Labour policy in a nutshell

The problem is that it's not just Labour policy - Cons are taxing very heavily already and it will get worse - Tory Scum will motivate it by saying that it's not as bad as Labour would have done with 15% wealth tax.

[DimPrawn]

Labour policy in a nutshell:

Increase tax on the wealthy to eye watering levels, where wealthy is everyone > median income.
Spend every penny on state run money pits.
When that isn't enough (unions demand another 10% pay increase like last month), hike taxes again.
When there's no more money, borrow it and print it.
When the economy collapses as all the business leave and all the (smart) people emigrate, go to the IMF.


So nothing has changed, Labour is Labour, and they want their 1970's Britain back.

[Hobosapien]

Once we invoke A50, we don't need to do this though, since there will be £350 million a week invested in the NHS. I read it on a bus somewhere.

That will be the Pork Chop Express if it's on the A50. As Jack Burton-Upon-Trent once said "If we're not back by dawn call the EU president."

Jack who?

Jack Burton-Upon-Trent:

When some wild-eyed, eight-foot-tall EU maniac grabs your neck, taps the back of your favourite head up against the brexit wall, and he looks you crooked in the eye and he asks you if ya paid your dues, you just stare that big sucker right back in the eye, and you remember what ol' Jack Burton always says at a time like that: "Have ya paid your dues, Jack?" "Yessir, the cheque is in the mail."

It's all in the reflexes.

[DodgyAgent]

Kin ell, these socialists are good at spending someone else's money. What happens when it runs out?

The Cabinet Papers | IMF crisis

[LondonManc]

Kin ell, these socialists are good at spending someone else's money. What happens when it runs out?

[missinggreenfields]

"Labour leadership hopeful Owen Smith says he would introduce a wealth tax on the richest 1% in society to fund the NHS and tackle inequality in Britain.

Once we invoke A50, we don't need to do this though, since there will be £350 million a week invested in the NHS. I read it on a bus somewhere.

[SueEllen]

Excellent, komrades.

Shouldn't be long before we're back to 98% again.

That would be Komrade Korbyn's policy if he had any. But then we would all get put against the wall and shot first...

[vetran]

already being done

https://next.ft.com/content/c81ff1a0...3-71cb60e8f08c

[AtW]

Osborne made it easy to increase dividend taxes now, 38% "additional rate tax" would turn into first 43% (due to 50% income tax) and plus 15% on top surcharge as it's unearned income: 58%, so with 20% corp tax overall tax burden will be 66.4%, nice.

[FatLazyContractor]

We, as contractors, will be safe as we are very low earners. What, like £1200 a month !

Vote Smith