Soldato
- Joined
- 31 May 2009
- Posts
- 21,257
I don't understand why people don't understand that having to pay a higher percentage above a defined band is unfair. It should be sufficient that the individual is already paying more tax by virtue of a higher salary.
You could flat rate it, have little to no admin in the system, force everyone to be PAYE, with stakeholder pensions, and then slam luxury taxes on items, suoervat so to speak.
So those with the nice masses of excess cash can chose to soend it as they like, but with supervat, we make some of the lost taxes back.
Would be novel for sure, interesting to see how or what might be in favour of it.