COVID TAX

Alvez_48

Well-known member
So you're proposing people earning say 65k pay a further say cumulative 8% tax on top of 45% that they already pay? (I appreciate tax is paid on each banding rather than in total but still).
Say that individual has had 0 days furlough. You think that will go well?
You're suggesting normal people pay more tax when business' has been decimated and coming on to 1,000,000 jobs lost last year.

Here's a crazy idea close tax loop holes, increase taxes on the many millionaires and billionaires that have monopolized markets during 2020, increase capital gains and put a Tobin tax on financial transactions.
 

Konrad_the_Barbarian

Well-known member
I can see a huge spending boom on the horizon. Lots of people with money in the bank they can't spend, growing each month, and the frustration of lock down will result in a post Covid splurge (well it will for me any way :cool: )

Also, and this is sad reality, with so many people passing away due to Covid there will be a lot of inherited wealth around all at once. :cry:
 

zzzzz

Active member
So you're proposing people earning say 65k pay a further say cumulative 8% tax on top of 45% that they already pay? (I appreciate tax is paid on each banding rather than in total but still).
Say that individual has had 0 days furlough. You think that will go well?
You're suggesting normal people pay more tax when business' has been decimated and coming on to 1,000,000 jobs lost last year.

Here's a crazy idea close tax loop holes, increase taxes on the many millionaires and billionaires that have monopolized markets during 2020, increase capital gains and put a Tobin tax on financial transactions.
Yes. And of course they don't pay 45% on the £65k
And yes that is a 'crazy idea' because we both know that will never happen as lovely as it would be.
On the one hand you rail against decimated businesses but you want to penalise business with increased capital gains.
If 'normal' people won't pay who do you suggest will..... the fairies?

Lets just bury the head in the sand and it might all go away.
 
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