what would you do if tax went up.
- Thread starter mattheman
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proof please that these raises are all about to be thrown out to us.
rubbish
Where have you been, do you know how mess up this countries finances are.
Total outstanding government debt in the UK has risen to a record £799bn, or 56.6% of UK GDP, and rising.
then take into account pfi spending and the debt is way pasted 56.6%.
There are lots of things they can do, but raising the basic rate of income tax by 5% isn't one they will do. VAT at 20% is likely, VAT on fuel is possible but with the current fuel price increased unlikely. Expect petrol, alcohol and tobacco taxes to rise (easy targets). I would also expect some more esoteric and less obvious changes like the delightful pension fund changes at the start of this governments tenure.
go put your house on a raise of 5%+, please.
Honestly? Probably moan about it for a month then forget about it. They would probably do it in a similar way to petrol whereby they raise it, raise it, raise it again, raise it more and then drop it 3p so that most people are happy 
under very hot water
but if the tax did rise i think we should all go on the dole in protest, but for now i gotta get to bed as i have work in the morning
If you mean the lower tax band (which isn't being discussed here) that used to be applied to a very small proportion of income, then the "losing out" was more than compensated for by the fact that my take home pay increased during a time of very low inflation, even before the extra £120 bonus last year was accounted for.
But anyway, given the huge national debt, surely it's inevitable that tax needs to increase in the medium term once the economy starts to recover and the general election is out of the way.
Raising VAT on energy seems like a good idea to me given the emission targets and suchlike.
public services would have to be cut.
Public services would be cut under the potentially inbound Tory government. Cameron was only saying this today.
http://news.bbc.co.uk/1/hi/uk_politics/8169202.stm
At everyone slating the OP, I think it's a perfectly valid question. In a country where we've been shafted with poll tax/council tax, massive hikes in tax for fuel, alcohol and smokes is it so ridiculous to think that it's not going to happen again - in the midst of an economic crisis?
Anyone considering otherwise is seriously living in a fantasy world, we're going to get reamed on again in our lifetimes. Morba, would you stake your house that we wouldn't?
http://news.bbc.co.uk/1/hi/uk_politics/8169202.stm
At everyone slating the OP, I think it's a perfectly valid question. In a country where we've been shafted with poll tax/council tax, massive hikes in tax for fuel, alcohol and smokes is it so ridiculous to think that it's not going to happen again - in the midst of an economic crisis?
Anyone considering otherwise is seriously living in a fantasy world, we're going to get reamed on again in our lifetimes. Morba, would you stake your house that we wouldn't?
Soldato
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Well..... we could stop giving people lots of free money.
Social security costs us more than the entirety generated by income tax.
Social security costs us more than the entirety generated by income tax.
lol it seems that majority on here will just sit back and take the crap, there is no balls in this country to protest anymore. We have been shafted as the above quote has said, yet you still take the crap, amazing.
Well break that down and unemplyment benefit is only 4 billion compared to the 125billion is costs. If you take away the 20 billion in working tax credits then you really shafting yourselfs.
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