Easy - a straight 10% for everyone/everything. Rich people/business wouldnt avoid it. 10% of a billionaire's cash better than 40% of nothing
What is the right rate for taxing income and consumption of luxuries? I would welcome your thoughts and comments.pic.twitter.com/XwFTOycGTc
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My thought too.
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there would still be tax avoidance, as 10%>0%
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That's not how tax avoidance works. Earners weight up cost&effort of personal tax planners(accountants)with reduction in tax (extra income).
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Precisely my point - at 10% it would likely not be worthwhile for even the fatcats to pay anyone to help them avoid: therefore more tax take
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unless your tax bill is greater than the cost of your accountant
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Well obviously! but with also of course you would have to be a total, unashamed, immoral, selfish wotsit to deny a tenth to the public purse
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I believe the theory they hide behind is if it's legal it is moral
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I would like to see a simplified, flat rate tax on income, with NI included in it. Between 32% and 35% feels about right. Thoughts?
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Income tax + Nat ins should be 31% 51%, and 71% ; no human needs, earns, or deserves more than £150,000 in their pocket, pa
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Yea, this will really fly.
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most governments want this,most people agree with this, they can't introduce this atm because of tax avoidance
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Flat rate 25% on ALL income including inheritance. First £20k tax free. Abolish everything else
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1)Greater regulation of the private sector with incentives that lower a companies tax .Stops them leaving & increases revenue collected
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Long term solution to changing culture...removing the men that carry the litter by giving it wheels !
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10% everyone.
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Must use Brexit now to reconnect community spirit again & multi nationals to pay towards UK infrastructure as win win.
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Tax should be sufficiently low to ensure that going to work always pays. Stressful job.. worse lifestyle than on benefits. Very wrong.
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