We are now giving £1Bn per day to the exchequer.
This has increased at twicxe the rate of inflation, this year and much of this is through stealth tax and employment tax. (Of course we mustn't forget the annual theft of £7Bn+ from our pensions, either).A Tax Partner, at Grant Thornton is quoted:
The HMRC figures showed that stamp duty receipts had more than tripled since 1997/8, rising from £3.5bn to £12.2bn. Mr Brown has refused to raise stamp duty thresholds in line with the massive increases in house prices, meaning more people are having to pay high rates of taxation when they move home. Stamp duty receipts increased by 22pc last year.
Inheritance tax has almost doubled since Labour came to power, rising from £1.7bn to £3.3bn and jumping 11.5pc in the past year alone.
"Tax levels are now at the stage where we are becoming uncompetitive both on a corporate and personal level. A lot of my clients are talking about moving abroad when they retire, and it's not just because of the sunny weather. They can see us becoming a high-tax economy."Professor Peter Spencer, economic adviser to the Ernst & Young Item Club, said:
"The middle classes are having to bear the brunt of most of this. We are in uncharted waters: we haven't seen the middle classes being taxed at this kind of rate before."If you just think Gorse Fox is having another rant.... you're too right! This affects every person in the wealth creation part of the economy and threatens their future well-being. So next time you:
- buy a house
- buy a car
- buy fuel
- buy clothes
- use utilities (gas, phone, electricity)
- use a mobile phone
- travel abroad
- travel to a remote town on business (regularly for more than 2 years)
- employ someone
- get paid by your employer
- sell some shares
- invest in your pension
- save some money
- buy a service
- have a beer, or wine
Remind the Gorse Fox why we voted for these cretins... oh, that's right he didn't! (But then GF has a job, and an education, and an IQ slightly greater than his shoe-size).
Tags: Tax, Gordon Brown
No comments:
Post a Comment