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groundhog
Life's Survivor
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Shropshire
England
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30 January 2007
Posts: 6494
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Jack of all trades Master of one.
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 Posted - 07 June 2012 : 7:16:51 PM
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 http://uk.finance.yahoo.com/news/3m...2515098.html
 I.M.O TAX on savings should be Abolished, people have already paid tax on it as they earned it,they are taxed again when they spend it,so what bit they manage to save should be TaX FREE.
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 "Born to fish Forced to work"
Common Sense is so Rare it Should be classed as a Super Power.
It's not the fall that kills you- more the sudden stop at the end.
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Neil ofthe nene
Life Member
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Northamptonshire
United Kingdom
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04 May 2009
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Posted - 07 June 2012 : 8:06:54 PM
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| And the millionaires who pay little tax on their income to start with? |
Average club angler who seems to get the right methods sorted halfway through a match, just in time to say "if only" |
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groundhog
Life's Survivor
Site Supporter
Shropshire
England
Member Since
30 January 2007
Posts: 6494
Status:
Jack of all trades Master of one.
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Posted - 07 June 2012 : 9:30:47 PM
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Should pay Double Neil mate, unless they are taxed at source same as everyone else.
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"Born to fish Forced to work"
Common Sense is so Rare it Should be classed as a Super Power.
It's not the fall that kills you- more the sudden stop at the end.
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Halfbean
Account Locked
Member Since
21 November 2010
Posts: 5431
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Posted - 07 June 2012 : 9:34:33 PM
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| what about instead of paying income tax, people just had to pay tax on their net worth every year? |
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nelson66
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Gt.Manchester
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27 January 2008
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HarryOatcake
Hon. Life Member
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Cheshire
England
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02 February 2004
Posts: 11904
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Halfbean
Account Locked
Member Since
21 November 2010
Posts: 5431
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Posted - 07 June 2012 : 10:34:44 PM
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| of course, just as people hide income, no differnt, people will always try and avoid paying tax |
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tag
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Yorkshire
Member Since
29 December 2006
Posts: 4490
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andy72
Life Member
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Tyne and Wear
Member Since
02 September 2011
Posts: 1656
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Im just a Newbie so will ask silly questions.
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Posted - 08 June 2012 : 09:12:28 AM
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| As a newly (2 years) self employed person ive just had my first tax bill this year. Didnt earn as much as i did when i was employed but still covered £25K in my first year. The way the accountants can write stuff towards expenses and business debts etc is amazing. my bill this year was £750 tax. The downside is you have to pay next years 50% in advance before youve earnt it! Still, providing the work keeps coming in, im much better off self employed, not even mentioning the better family balance. (doesnt always apply - some SE people are stressed to breaking point) |
House extension / Loft conversion plans - www.adsarchitectural.com |
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Larry
Lazarus
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Hereford & Worcester
United Kingdom
Member Since
04 December 2001
Posts: 10204
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Posted - 08 June 2012 : 10:16:17 AM
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I haven't any saving's to pay tax on .LOL  |
Cheer's Larry
http://larrysangling.webs.com/
A joker and a Sage,a Lover and a Spitfire
If it wasn't for bad luck i wouldn't have any luck at all.
"Sometimes, in order to open your eyes to the possibilities of today, you have to close your eyes to yesterday"
Sex is like air. It is not important unless you aren't getting any. |
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old rod
Life Member
Member Since
14 May 2007
Posts: 2930
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Posted - 08 June 2012 : 1:10:35 PM
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| Savings are being whittled down each year by rising inflation and falling interest rates, I expect that after tax it isn't worth saving anything for a rainy day, in fact the rainy day is here now so spend it while you can cause it won't be worth much in the future. |
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pole addict
Steve
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Leicestershire
United Kingdom
Member Since
20 October 2009
Posts: 5286
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Posted - 08 June 2012 : 1:57:46 PM
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Savings?...a wife ,3 kids and a recession...you're 'avin' a laugh. |
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SimonT
Life Member
Berkshire
United Kingdom
Member Since
30 April 2012
Posts: 489
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Posted - 08 June 2012 : 2:23:02 PM
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You go to work and earn a wage which you pay TAX on.
Your wages go into the bank and you pay TAX again.
You buy food, you pay TAX on the food that youve bought
You buy petrol you pay TAX on that.
You pay your utility bills and you pay TAX on that
Every time you spend money you pay tax over and over again with money youve already been taxed on that youve earnt90% of that money youve earnt actually goes on tax, if it didnt then your wages would go ALOT further, This is why its so expensive to live. |
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Edited by - SimonT on 08 June 2012 2:24:35 PM |
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pole addict
Steve
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Leicestershire
United Kingdom
Member Since
20 October 2009
Posts: 5286
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Posted - 08 June 2012 : 4:38:29 PM
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Simon,
This is why you also have a National Health Service that, despite what you may think,is the envy of many countries.
This is why you have a welfare state that helps those in need,although there are the obvious abusers of the system much reported by the Daily Mail.
Nothing is perfect, but also nothing is free.
All the things we take for granted, like emergency services,street lighting and roads,medical provisions etc...they all cost money and need to be paid for.
If you didn't pay for them with the tax system we have now, you would certainly pay for them in some other way and probably the same amount of money.
We've just had 4 days celebrating everything that is Great about our country. Don't always listen to the doom mongers and the gutter press tabloids.
We have a country to be proud of, despite it's minor faults, I wouldn't want to live anywhere else.
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nrayner
Life Member
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Hereford & Worcester
England
Member Since
01 September 2003
Posts: 6297
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Posted - 08 June 2012 : 6:00:32 PM
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| quote : Originally posted by pole addict
Simon,
This is why you also have a National Health Service that, despite what you may think,is the envy of many countries.
This is why you have a welfare state that helps those in need,although there are the obvious abusers of the system much reported by the Daily Mail.
Nothing is perfect, but also nothing is free.
All the things we take for granted, like emergency services,street lighting and roads,medical provisions etc...they all cost money and need to be paid for.
If you didn't pay for them with the tax system we have now, you would certainly pay for them in some other way and probably the same amount of money.
We've just had 4 days celebrating everything that is Great about our country. Don't always listen to the doom mongers and the gutter press tabloids.
We have a country to be proud of, despite it's minor faults, I wouldn't want to live anywhere else.
Spot on
Emergency services
Welfare services
Health services
Armed services
Law and order
Physical infrastructure
Fiscal infrastructure
Business infrastructure
Civilisation
How would all this be possible without taxation?
Some people can't see how fortunate we all are that we don't live in anarchy, diseased, malnourished, ruled by warlords and with very short life expectancies |
N Rayner |
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Dannysdad
Beer Monster
Lancashire
United Kingdom
Member Since
05 June 2008
Posts: 5486
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Posted - 08 June 2012 : 11:13:08 PM
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| I also think that tax should not be paid on overtime - or at least on the overtime that I do!! |
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rodring
Life Member
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Gt.Manchester
England
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nrayner
Life Member
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Hereford & Worcester
England
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Posted - 09 June 2012 : 11:20:11 AM
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| quote : Originally posted by rodringquote :
Spot on
Emergency services
Welfare services
Health services
Armed services
Law and order
Physical infrastructure
Fiscal infrastructure
Business infrastructure
Civilisation
All being systematically dismantled and undermined by the current incumbents.
Quite
Revolution required? |
N Rayner |
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