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Good to see the Tories coming out and saying they want tax cuts
BillieTheBot
Posts: 8,721 Bot
http://news.bbc.co.uk/1/hi/uk_politics/6949753.stm
The inheritance tax band should rise, but it is a good way of promoting a slightly fairly society, and frankly is this really such a hardship?
The inheritance tax band should rise, but it is a good way of promoting a slightly fairly society, and frankly is this really such a hardship?
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why the hell should inhertance tax be rised?
He never said that.
yes he did
he said RAISE the tax band not the amount of tax
ie keep inheritance tax, but make it payable over £400k as opposed to currently
that is technically a tax cut
As has been pointed out what I suggested was effectively a tax reduction, though I dont think it should move very far, maybe up to £325K, then up a bit further over time.
Thats normally the case yes. Or you could take a loan out on the property to pay the tax bill.
Why?
Well according to the article, the current government have plans to increase it to £350k already, in 2010.
They should be focusing on areas that Labour voters might not be so keen on e.g. civil liberties
just because your a houseowner doesnt make you wealthy
I dunno, the new "wet" David Cameron seems to be having a tough enough time holding onto traditional tory voters at the moment.
Having assets of over £300K does indeed make you wealthy.
yes, i know many people personally who'd put up with 5 years of tory economics to kill of the ID cards act as well as all the minor things
it would make sense for a economically tight government who doesn't control as much money to be loose in regards to what is allowed ie allowing protest and free speech, whilst coming down hard on crimes against the person surely
if you have a house worth 300k around where i live doesnt make you wealthy, you could just about get a nice family house for that around here
In fact that is exactly what it does do, wealth is the value of your assets, most people's main asset is their home and if it is worth over 300k then you most certainly are a wealthy individual.........
I am virtually certain that the bank gets its dues first though, so you'd have to own the house outright, and if you own a £300k house outright you are wealthy.
Of course it should be taxed, it's money going into your hands, so the goverment gets a slice.. that's how it works..
its money that has already been taxed when it was earned
Yes, but the people inheriting didnt earn it did they.
I do wonder who the Tories are trying to appeal to with this idea, though. Presumably to London and the South-East, where a house that costs less than £300k is as rare as hen's teeth. Mind you, I've no problem with that. Let's see some more proposals from the Tories, and I'll start taking them seriously again. Let's see them proposing the sacking of hundreds of thousands of civil servants, especially of all the morons doing non-jobs. (smoking cessation officers, I've got you in mind) Let's see them proposing giving less money to the European Union every year. Let's see them cut income tax and abolish National Insurance. Government is too big, the state is too big. Time for some real radicalism.
And? What exactly your point?
So stopping people using up loads of the NHS budget and dying is a bad idea?
What the hell, all those people on pensions are just sponging scum anyway.
How on earth did you reach that conclusion? Or are you unaware of the amount of people inde bt?
the point is that its unfair to tax the same money to times,
Territt - They might have paid tax when they earned it but the individual in receipt didn't pay tax on it.
It's like my employer gets taxed on a big wedge when they get paid, they then give me a slice, so I have to pay my tax on it ? If I employed a sub-contractor, and gave them a slice, they'd pay their bit - see where I'm going here ?
But its a tax on people earning money, the people inheriting are 'earning' it so therefore it should be taxed.