Proposal to increase tax rate?

[Pedroski]

Don't know if anyone can help. I caught the tail end of something on the radio yesterday and want to find out who said it. All I heard was that the tax revenue from self-assessment tax payers has fallen and that some MP has suggested that the tax rate for self-assessment tax payers should be increased from 20% to 40%. Did anyone else hear this?

[finky]

another 10% wow like they dont take enough...on top of ever thing else thats on the rise 10%more tax!! DOWN WITH THE TORIES!!!! and you can hashtag that one boys and girls whatever # does!!!!

[likeitorlumpit]

What they don't realise is that if they put the tax rate up higher the tax returns will fall even more:sneaky2:

The worst thing for the country was increasing the VAT rate to 20%

So many people now think they can bypass this. 17.5% didn't seem to matter so much.

So come on HMG put the rate up to 100% and see your returns fall to zero.

Thats government making everyone criminals.

[Steve Bullman]

I wonder if they stopped to consider that the amount of tax laid has fallen due to people just not earning as much due to the recession. Yeah, increasing tax is going to help then!!

[timtree81]

Tax is hidden every where , the lottery is a huge way of getting all our spare cash back to the government , just incase you didt know already

[njc110381]

That's fine. I'm as honest as it gets but if they screw me, well two can play at that game!

[18 stoner]

another 10% wow like they dont take enough...on top of ever thing else thats on the rise 10%more tax!! DOWN WITH THE TORIES!!!! and you can hashtag that one boys and girls whatever # does!!!!

 

One could always comment that the tories wouldn't have to be so unpopular by imposing higher taxes, had they not been left with such a mess when they got into power...

 

Like it or not, regardless who is in power there are many years of higher taxes to come.

[Steve Bullman]

Agreed. Everyone always blames true existing government which is stupid. The vat rise for example...it may not have been necessary if labour hasn't reduced it in the first place

[Andy Collins]

Oh dear it seems I may not make the forecasted recovery I anticipated, such a shame as I would have once again been able to pay tax. Never mind that's life. Ooooooo my back!

[18 stoner]

I feel people need to stop calling the present situation the "recession", stop moaning about the state of the economy, and just face up to facts, this is how its going to be for the foreseeable, we will see more tax rises, higher consumer prices, folk out of work & businesses struggling to survive.

 

The wonder years like 10 years ago have gone for long time yet.