tag:blogger.com,1999:blog-1141932539860553199.post8083580844810996110..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: "Income tax plan is foiled by Osborne: Treasury 'deletes' earnings data"Mark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-1141932539860553199.post-75202044632205538932012-03-15T09:47:53.896+00:002012-03-15T09:47:53.896+00:00B, ta, link to Wiki article here. That just consol...B, ta, link to Wiki article <a href="http://en.wikipedia.org/wiki/Taxation_in_the_United_Kingdom#History" rel="nofollow">here</a>. That just consolidated "Rates" (Business, Domestic and Agricultural) which were introduced in the late 15th century.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-31938516310350810772012-03-15T08:40:30.928+00:002012-03-15T08:40:30.928+00:00"B, the ruling class at the time were quite h..."B, the ruling class at the time were quite happy for income tax to come in, because by and large "somebody else" was paying it."<br /><br />Yes, probably, or they wouldn't have done it, but it was still a revolutionary idea. To quote Wikipedia: "A uniform Land tax was introduced in England during the late 17th century. This formed the main source of government revenue throughout the rest of the 17th century, the 18th century and the early 19th century."Bayardhttps://www.blogger.com/profile/15211150959757982948noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-49293256661114137002012-03-14T13:54:59.480+00:002012-03-14T13:54:59.480+00:00B, the ruling class at the time were quite happy f...B, the ruling class at the time were quite happy for income tax to come in, because by and large "somebody else" was paying it. <br /><br />P, yes, but if/when we advance that argument the Homey counter-argument is "Well what are you complaining about then?" <br /><br />The answer is "The complexity and the dead weight losses" but they then claim that VAT is simple and they don't believe in dead weight losses when it suits them.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-70063532420813681092012-03-14T13:48:17.346+00:002012-03-14T13:48:17.346+00:00The incidence of income tax is on the employer who...The incidence of income tax is on the employer who then has to build it into prices and pass it on to customers, or absorb it and pass it backwards onto the landlord. Ultimately all taxes come out of land rental value.Physiocrathttps://www.blogger.com/profile/13682019625346594568noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-12438014885290212062012-03-14T09:46:55.121+00:002012-03-14T09:46:55.121+00:00"What is it that makes everybody think it'..."What is it that makes everybody think it's normal to tax incomes not land values?"<br /><br />This could be an account of the politics surrounding the introduction of income tax 200 years ago, except that the scheme was not "foiled". The names may have been different, but the reactions were the same.Bayardhttps://www.blogger.com/profile/15211150959757982948noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-66435694870653622382012-03-13T18:34:46.418+00:002012-03-13T18:34:46.418+00:00L, but why is this article a fantasy? What is it t...L, but why is this article a fantasy? What is it that makes everybody think it's normal to tax incomes not land values? <br /><br />G, yes, politicians and voters alike just love those stealth taxes. <br /><br />B, the 1991 council tax valuations took a couple of months, Wales was done pretty quickly as was Northern Ireland in the same year (and they don't have bands - their Domestic Rates is 0.7% of the selling price at 1/1/2005 and no back chat). Valuing land is the easiest thing in the world. <br /><br />The Welsh myth is particularly sickening, but to explain why it wouldn't change anybody's tax bill* if every single home was shifted up one band requires that people understand maths and logic, and they don't, they just understand slogans, however vacuous.<br /><br />* Plus/minus £30, I checked.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-2023716378448193472012-03-13T17:55:01.450+00:002012-03-13T17:55:01.450+00:00Even for the Torygraph, this article sets new stan...Even for the Torygraph, this article sets new standards for mendaciousness. As a commenter quickly pointed out, there was no "database" to "delete". All the information is contained in the local authorities' council tax valuation records. Then there's the lie about it taking three years to value all the properties. Well it can't take as long as it did last time, which was a lot less than that, and how long did it take to do the revaluation in Wales? Finally, there's the implied lie that band changes in the Welsh revaluation led to increased council tax bills as a result of that change. And then there are the comments, which make me think that there really are advantages in living in an elective dictatorship compared to living in a democracy.Bayardhttps://www.blogger.com/profile/15211150959757982948noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-44110275196399237052012-03-13T17:49:22.473+00:002012-03-13T17:49:22.473+00:00lol - deduction at source is the best way to colle...lol - deduction at source is the best way to collect taxes. No wage slave really knows how much he/she has paid over the years. Nor do we know how much the pension industry has ripped us off.Graemehttps://www.blogger.com/profile/11007306140530173428noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-1049637891218762182012-03-13T17:22:22.124+00:002012-03-13T17:22:22.124+00:00...and then I woke up......and then I woke up...Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.com