UK ups tax rate, revenues fall

[dogtowner]

what did they expect ?

UK learned it's lesson before on this when they jacked it up to 90%. One would think govt would learn eventually.

The Treasury received £10.35 billion in income tax payments from those paying by self-assessment last month, a drop of £509 million compared with January 2011. Most other taxes produced higher revenues over the same period.

Senior sources said that the first official figures indicated that there had been “manoeuvring” by well-off Britons to avoid the new higher rate. The figures will add to pressure on the Coalition to drop the levy amid fears it is forcing entrepreneurs to relocate abroad.

The self-assessment returns from January, when most income tax is paid by the better-off, have been eagerly awaited by the Treasury and government ministers as they provide the first evidence of the success, or failure, of the 50p rate. It is the first year following the introduction of the 50p rate which had been expected to boost tax revenues from self-assessment by more than £1billion.

 

[Cruella]

I laughed when I read that.....when are they ever going to learn?

 

[dogtowner]

I laughed when I read that.....when are they ever going to learn?

they're still trying stuff that failed for FDR, maybe they figure that at some point is the charm ?

 

[Cruella]

they're still trying stuff that failed for FDR, maybe they figure that at some point is the charm ?

Yeah.....you know what they say about doing the same thing over and over...expecting a different result.

I'm sure that's how China has grown it's economy....by all the failed liberal policies.

There is a joke here in CA....if you want a California job....move to Texas.
Perry takes credit for their economy, but the truth is, the credit should go to all of our liberal Moonbats.

 

[dogtowner]

Yeah.....you know what they say about doing the same thing over and over...expecting a different result.

I'm sure that's how China has grown it's economy....by all the failed liberal policies.

There is a joke here in CA....if you want a California job....move to Texas.
Perry takes credit for their economy, but the truth is, the credit should go to all of our liberal Moonbats.

prepare a fertile field and get a good crop... nothing new about this.

 

[dogtowner]

Yeah.....you know what they say about doing the same thing over and over...expecting a different result.

I'm sure that's how China has grown it's economy....by all the failed liberal policies.

There is a joke here in CA....if you want a California job....move to Texas.
Perry takes credit for their economy, but the truth is, the credit should go to all of our liberal Moonbats.

prepare a fertile field and get a good crop... nothing new about this.

 

[GenSeneca]

they're still trying stuff that failed for FDR, maybe they figure that at some point is the charm ?

During the '08 campaign, some reporter pointed out to Obama that history has shown an increase in the tax rate results in a drop in revenue. Obama said it wasn't about revenue, it was about "fairness". This attitude of, "Hey, lets cut off our nose to spite our face!" needs to be recognized as completely irrational and we shouldn't have to point out that the resultant policies are irresponsible.

 

[dogtowner]

During the '08 campaign, some reporter pointed out to Obama that history has shown an increase in the tax rate results in a drop in revenue. Obama said it wasn't about revenue, it was about "fairness". This attitude of, "Hey, lets cut off our nose to spite our face!" needs to be recognized as completely irrational and we shouldn't have to point out that the resultant policies are irresponsible.

and how stupid is it to do something you admit will have negative effect ?
well, its either stupid or something far worse...

 

[dogtowner]

During the '08 campaign, some reporter pointed out to Obama that history has shown an increase in the tax rate results in a drop in revenue. Obama said it wasn't about revenue, it was about "fairness". This attitude of, "Hey, lets cut off our nose to spite our face!" needs to be recognized as completely irrational and we shouldn't have to point out that the resultant policies are irresponsible.

and how stupid is it to do something you admit will have negative effect ?
well, its either stupid or something far worse...

 

[pocketfullofshells]

What decade did better...1990-2000
2000-2010..

what one had higher taxes?

And no you can't point out anything other then these facts....since those are the only points your using for the UK's. It must be nice to live in a simple world where the only thing that effects the econ is the tax rate...Just ignore the rest ( unless the numbers don't favor your argument...then blame someone or something else)

PS Obama pushed to lower the corporate tax rate today...Proceed to scream he is a Communist Muslim...I mean its all the thought I really expect to hear from the right on it.

PS..Please tell me a rate you would actuly be happy with...so I can call you a communist for not going lower saying your killing the economy and if you went lower the econ could come back and the debt would be gone...as we all know...Raising more money equals more debt...taking in less money means you have more.

 

[dogtowner]

What decade did better...1990-2000
2000-2010..

what one had higher taxes?

And no you can't point out anything other then these facts....since those are the only points your using for the UK's. It must be nice to live in a simple world where the only thing that effects the econ is the tax rate...Just ignore the rest ( unless the numbers don't favor your argument...then blame someone or something else)

PS Obama pushed to lower the corporate tax rate today...Proceed to scream he is a Communist Muslim...I mean its all the thought I really expect to hear from the right on it.

PS..Please tell me a rate you would actuly be happy with...so I can call you a communist for not going lower saying your killing the economy and if you went lower the econ could come back and the debt would be gone...as we all know...Raising more money equals more debt...taking in less money means you have more.

got no answer huh ?

things not that different for the UK on this one year period so I have no idea why you introduce ten year periods. oh yeah, a contrivance.

Fair Tax.

 

[GenSeneca]

...Just ignore the rest ( unless the numbers don't favor your argument...then blame someone or something else)

Apparently you have ignored the rest, from the OP: "Most other taxes produced higher revenues over the same peroid."

The taxes that were raised brought in less revenue while most of the taxes that remained unchanged brought in more revenue. If you're going to blame a bad economy for the drop in revenue for the tax that was increased, how do you explain the increase in revenue from taxes that remained unchanged?

PS Obama pushed to lower the corporate tax rate today...Proceed to scream he is a Communist Muslim...I mean its all the thought I really expect to hear from the right on it.

Lowering the corporate tax rate is long overdue. As for the rest, given that you think Santorum is a Christian fundamentalist nutjob who wants to ban contraception, obviously there are unreasonable and illogical elements on both sides.

Please tell me a rate you would actuly be happy with...

15% flat tax, no exemptions, everyone pays. And since I do not support subsidies, bailouts, or any other forms of government confiscation and redistribution, you would have to fabricate yet another straw man argument to claim my policies are Communistic.

...as we all know...Raising more money equals more debt...taking in less money means you have more.

You still haven't been able to comprehend the fact that raising taxes is not the same thing as raising more revenue, nor is lowering taxes the same thing as lowering revenue. Tax rates simply do not correlate with revenue the way you think they do and I have offered mountains of evidence that prove your belief on the matte to be fallacious... Of course, you ignore all that empirical data because it doesn't favor your argument.

 

[pocketfullofshells]

why not 14% you communist.

 

[steveox]

why not 14% you communist.

Gee i dont know,,Shall i Dogtowner?

 

[GenSeneca]

why not 14% you communist.

Sarcasm is neither an adequate substitute for rational discourse nor does it adequately shift attention away from your inability to defend your own positions.

 

[pocketfullofshells]

Sarcasm is neither an adequate substitute for rational discourse nor does it adequately shift attention away from your inability to defend your own positions.

I am sorry, do I need to dumb it down for you? Obama says raise a tax rate 3 percent you guys screen about Stalin and Communism and Socialism...You randomly pick 15% ( of course this would blow up the debt) so I say if I say 14% then since you want more taxes then i called for...your a socialist.

But of course you would think that a man who makes only 10,000 a year with a kid....should pay 15% while someone who makes a 20 Billion should pay the same percent and say seems fair. Also you would ignorantly ignore the fact that because you took that 1500 from him, your going to end up spending it on him anyway ....nah wait you thought about it, you just don't care about him or the kid. After all they are not you.

 

[steveox]

Cut Taxes! And the economy will grow. Thats what Reagan did