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> PAYE, Why Can't I opt out and then pay 1% tax?
TallDarkAndHands...
post Jun 22 2012, 11:14 AM
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I mean if its good enough for the Super Rich.... Now where is that off-shore tax haven?

angry.gif
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Biker1
post Jun 22 2012, 11:16 AM
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QUOTE (TallDarkAndHandsome @ Jun 22 2012, 12:14 PM) *
I mean if its good enough for the Super Rich.... Now where is that off-shore tax haven?

angry.gif

You have to be self employed and super rich to qualify. sad.gif
Us poor old employees have to cough up to support the 1% people as it's taken away from us before we even see it.
PAYE eh? Propping up the nation (just?).
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Bloggo
post Jun 22 2012, 11:31 AM
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Tax avoidance and tax evasion were two of the reasons that Greece's economy has collapsed.
Could the same happen to the UK?


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andy1979uk
post Jun 22 2012, 11:39 AM
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QUOTE (Bloggo @ Jun 22 2012, 12:31 PM) *
Tax avoidance and tax evasion were two of the reasons that Greece's economy has collapsed.
Could the same happen to the UK?


Tax is paid so that people can claim benefits.
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Bloggo
post Jun 22 2012, 11:50 AM
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QUOTE (andy1979uk @ Jun 22 2012, 12:39 PM) *
Tax is paid so that people can claim benefits.

Well, not exclusively


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andy1979uk
post Jun 22 2012, 11:55 AM
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QUOTE (Bloggo @ Jun 22 2012, 12:50 PM) *
Well, not exclusively


One third of all the tax revenue goes on welfare
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Bloggo
post Jun 22 2012, 12:03 PM
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QUOTE (andy1979uk @ Jun 22 2012, 12:55 PM) *
One third of all the tax revenue goes on welfare

That may be so but what has it to do with some, the richer of us, paying less tax on their income than those paying PAYE?


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Andy Capp
post Jun 22 2012, 12:09 PM
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QUOTE (andy1979uk @ Jun 22 2012, 12:55 PM) *
One third of all the tax revenue goes on welfare

And 100% of welfare is not benefits.
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Andy Capp
post Jun 22 2012, 12:10 PM
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QUOTE (Bloggo @ Jun 22 2012, 01:03 PM) *
That may be so but what has it to do with some, the richer of us, paying less tax on their income than those paying PAYE?

Nothing; andy is just doing what he enjoys most: stirring it up.
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Bloggo
post Jun 22 2012, 12:20 PM
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QUOTE (Andy Capp @ Jun 22 2012, 01:10 PM) *
Nothing; andy is just doing what he enjoys most: stirring it up.

How odd. No accounting for some people eh?


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andy1979uk
post Jun 22 2012, 12:28 PM
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QUOTE (Bloggo @ Jun 22 2012, 01:20 PM) *
How odd. No accounting for some people eh?


Welfare is a joke, costs us billins and alot is wasted.
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Andy Capp
post Jun 22 2012, 12:33 PM
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QUOTE (Bloggo @ Jun 22 2012, 01:20 PM) *
How odd. No accounting for some people eh?

QUOTE (andy1979uk @ Jun 22 2012, 01:28 PM) *
Welfare is a joke, costs us billins and alot is wasted.

See what I mean? wink.gif
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lordtup
post Jun 22 2012, 01:14 PM
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If , and it's a big if , the loopholes were closed and everyone paid the same rate of tax then there would be no need for accountants ( higher unemployment ) no incentive to work harder or desire to be altruistic.

I bet there is not a single one of us who would not jump at the chance of paying less tax if we could get away with it especially when we witness how it is wasted but that's human nature I'm afraid .

Personally I think there are a lot more pressing matters than a few bob missing from the fiscal coffers . wink.gif


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TallDarkAndHands...
post Jun 22 2012, 01:56 PM
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QUOTE (lordtup @ Jun 22 2012, 02:14 PM) *
If , and it's a big if , the loopholes were closed and everyone paid the same rate of tax then there would be no need for accountants ( higher unemployment ) no incentive to work harder or desire to be altruistic.

I bet there is not a single one of us who would not jump at the chance of paying less tax if we could get away with it especially when we witness how it is wasted but that's human nature I'm afraid .

Personally I think there are a lot more pressing matters than a few bob missing from the fiscal coffers . wink.gif


My point is that IF PAYE earners had the opportunity to not pay as much tax they would. Thats human nature. So why not bring in a law that any income generated by individuals must be paid into a payroll company and they subject such individuals to PAYE type taxation. Also make it an imprisonable offence to work for 'cash in the hand'. Why should PAYE earners pay for the good life of others? I know this would be very difficult to enforce but turning a blind eye to such matters is costing the country billions. And billions is what we need.
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JeffG
post Jun 22 2012, 02:27 PM
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QUOTE (Biker1 @ Jun 22 2012, 12:16 PM) *
You have to be self employed and super rich to qualify.

No you don't and no you don't.
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Squelchy
post Jun 22 2012, 02:37 PM
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QUOTE (andy1979uk @ Jun 22 2012, 12:39 PM) *
Tax is paid so that people can claim benefits.


Up-To-Date Where Your Money Goes Chart

Admin? Sorry for the off-site link, but it's informative and easy to read in an 'at-a-glance' sort of way.
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Jayjay
post Jun 22 2012, 06:13 PM
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QUOTE (Squelchy @ Jun 22 2012, 03:37 PM) *
Up-To-Date Where Your Money Goes Chart

Admin? Sorry for the off-site link, but it's informative and easy to read in an 'at-a-glance' sort of way.


"For example, according to HMRC £1,900.71 of Mr Smith's tax bill is spent on Welfare. Of this £800 goes on old age, £346.10 on sickness and disability, £238.30 on family and children, £198.58 on housing and £56.74 on umemployment."

Out of the 1,900 spent on welfare, only a small proportion is spent on what most of us would consider welfare (unemployment £56).
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Timbo
post Jun 22 2012, 06:24 PM
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Questioning why the old age get 40% of the budget.... I think that is quite unfair.
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Andy Capp
post Jun 22 2012, 06:58 PM
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QUOTE (Timbo @ Jun 22 2012, 07:24 PM) *
Questioning why the old age get 40% of the budget.... I think that is quite unfair.

Perhaps you would explain why you think it is unfair?
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GMR
post Jun 22 2012, 07:47 PM
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QUOTE (TallDarkAndHandsome @ Jun 22 2012, 12:14 PM) *
I mean if its good enough for the Super Rich.... Now where is that off-shore tax haven?

angry.gif


Because they've got the money, you haven't. Money opens doors and tickles the odd maiden... the poor or middle classes are just sheep, ready to follow when the government click their fingers. That is life Jim, but not as the rich know it. laugh.gif
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