Would you support a Flat Tax rate of 22% and a higher personal allowance of £15,000? (or US$/CDN$/AUS$ etc)?

Question

I am trying to find out what support there is for a flat rate of just 22% to replace the current system.Also a higher personal allowance of £15,000.

If you earned £17,000p.a (£326p.w) then you would pay only £8.46 per week (£440p.a) in tax. If you earn less than £15,000 per anum, then you wouldn't pay any tax on your earnings.

When you answer this maybe you'd like to take a look at the Adam Smith Institute website for information on Flat Tax
http://www.adamsmith.org/

Answer 1

Spock, you're quite rude. Lose the attitude and leave out the sarcasim you pedantic little person.

Maybe you're be the one who needs to do some reading. I looked at the Adam Smith website, they have papers on there regarding flat tax, try reading them. Government spending could be lower but considering we pay billions of Pounds per year to the European Union that won't happen anytime soon.

The Channel Islands have a rate of just 20% for personal and corporate income. They dont have sales taxes or tax capital gains. Hong Kong has a rate of only 16% and they don't have sales taxes.

Why would we dismantle the NHS? We would save billions of Pounds by having a flat rate and a higher personal allowance due to having less people in the system to collect taxes from and this could be better spent elsewhere. Better NHS management/administration would also save money and improve the NHS' performance.

Leave the EU, we won't be paying subscription fees to them and having to subsidise everyone through CAP, plus we'd increase exports due to our ability to sign trade agreements with whoever we choose rather than be forced to go along with the EU agreements. We have a £9.1bn deficit, £8.1bn is with EU States. Out of the EU we have a better chance of turning that once again into a surplus.

Subsidies to industry that is in the publics' interest would continue, as would other financial assistance that would improve local economies.

Subsidies to bus companies that have profitable routes and one or two unprofitable routes should not be subsidised. Their profitable routes should be subsidising the unprofitable ones. If they don't like that then many smaller fleets would like the chance to take over from them.

Why would immigration be totally stopped? There should be a points system so all immigrants have basic knowledge of the English language and the skills that are required in the UK.

Answer 2

imho, one of the UK's pressing problems is that the total of all taxes is too high. Ireland is currently booming (in part) because their total taxes on business and employment are lower than Britain's. {same is true in Spain.}

lowering total taxes almost certainly requires lowering total government expenditures. and that's the hard part -- every MP has those pet causes and projects that he believes are responsible for his election [or re-election prospects] that he will fight tooth and nail to retain or expand.

which leads to the sad state the Yanks find themselves in -- nearly everyone in their Congress wants to spend more (and more and more) but the overall fiscal situation cries out for lower taxes on investing and business.

[business = more jobs and investing = more tools for workers to use (using more tools almost always leads to better wages for workers)]

***
brutal measures to cut government spending may be called for.

redundancy supplements to be shortened and reduced. [Labour will go crazy -- but do they want the best new European jobs to all be in Ireland??.]

you might consider dismantling the NHS [but don't look too closely at the Yanks -- their "health care system" has severe elements of unfairness about it.]

subsidies to production and businesses may all need to be eliminated, even though this will close companies and lose jobs temporarily.

immigration to be cut off completely [reduces competition for jobs, mate]

and responsibility laid firmly on the causes of public expenditure -- Example: NHS endures severe costs every time there is a drinking related injury [whether it is from brawling or auto crashes doesn't matter, does it?] The brewers and distillers and importers should collectively carry all the related costs, including injury and can't work payments to workers.


GL, mate -- I expect you'll need it near as much as the Yanks do.

Answer 3

Yes.