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| *Loan,banking and credit>>>income tax |
Would it be better to get rid of income tax? |
and just put an extra 1 or 2 pence on the goods and services we buy. If you think about it in the UK we actually pay soo much more than the income tax rate. I think the standard rate for income tax is 22%. However, why doesnt National Insurance get included in that?? Because it would make an income tax percentage that would make people revolt. So the Government cleverly hide all these extra taxes on, well everything. VAT already exists on most of the goods we buy so "adding a couple of pence" wont work as we already pay 17.5 pence for each pound of value that we spend on these goods. Tax is everywhere. For example if I earned 拢1000 Gross - less 22% "income" tax = 拢780 - less 拢100 National Ins = 拢680 - less 拢45 (per month) council tax = 拢635 Then if I was to spend ALL 635 on VAT inclusive goods (635 x 17.5% = 111.125) So from 拢1000 the total tax deductions would be 拢220 拢100 拢45 拢111.12 = 拢476.12 Therefore I feel hard done by. Out of 拢1000 in this instance I would get taxed 47.61% Now This doesnt take into account airport taxes, fuel, road tax, and any other taxes we pay without realising. I think it stinks. If the government did it all as one deduction from your monthly wage we would all hit the roof as we would REALISE how much we have stolen from us. When it boils down to it the Government charge us for living in this country and charge us for the privilege of letting them run (mess up) our country. Why should we be charged for a HUMAN RIGHT??? Last of all (I know this is a sermon) I believe that Income Tax was first introduced into the UK during the Penninsula War with Napoleon and France at the start of the 1800's It was a costly war as Great Britain had to use much of the Cavalry of Saint George (Golden Guineas) to bribe other European countries to keep fighting Napoleon. As this was expensive (coupled with the cost of the Army in Spain) Income tax was introduced. When the Tax was abolished (I forget the date) someone of note loudly proclaimed that Parliament should burn all records of the tax so that "No-one in the future could ever believe that such a propestorous tax ever existed". I think they had the right idea. Source(s): Bernard Cornwell it doesn't work out as a few pence, they do this in denmark and thing are wa few pounds more expensive, I guess at least that way you go tto choose whether or not you buy something - I'd be all for it I believe so. I also think income tax is unconstitutional but I still am looking into this. yeah maybe Then you haven't got rid of income tax. We all need to pay tax to keep our goverment afloat. Though how they spend it makes me wonder why sometimes. Also sticking extra tax on goods allows the rich/poor divide to increase further. Why should a poor family suffer when harry rich bollox gets it easy? no because income tax is progressive - you pay more if you earn more whereas lots of goods and services are consumed at the same rate whatever you earn. |
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