No - Wrath of the Barclay

No

Taking advantage of tax reliefs is legal. So - when I pay money into pension, I can deduct it from my income for tax liability up to a certain limit. That's not theft - it's HMG allowing me not to pay tax on a portion of my income.

Tax avoidance (as opposed to evasion) is looking aggressively for ways to maximise the reliefs that you can legitimately claim. The whole point about it is that it's legal (provided it's done properly).

I've never bothered, seeing 40% tax as just a part of the social contract. But I might start now because to give 50p of every pound I earn to these tossers for these purposes is just unbearable.

I'm probably all mouth and trousers on this, I bet I'll never actually get round to doing anything about it. But I'm really pissed off.

Posted By: Old Git on April 22nd 2009 at 14:43:45

Message Thread

Bastard fucking government (General Chat) - Old Git, Apr 22, 13:50:34
- OG can't resist telling everyone he earns more than (General Chat) - Holden Caulfield, Apr 22, 14:06:21
  - Change the record, chippy boy (General Chat) - Old Git, Apr 22, 14:25:08
    - Move to Switzerlands or Dubai (General Chat) - Small, Apr 22, 14:38:32
    - Ah but OG,m wouldn't that amount to theft................. (General Chat) - megson, Apr 22, 14:33:42
      - No (General Chat) - Old Git, Apr 22, 14:43:45
        
        "I'm probably all mouth and trousers on this" I love seeing that used right. (n/m) (General Chat) - megson, Apr 22, 15:13:17
        
        How much more than the 150k lower threshold would one have to earn to make it worthwhile (General Chat) - Arizona Bay, Apr 22, 14:46:52
        
        It doesn't cost much to employ an accountant to handle your tax affairs (General Chat) - BerlinCanary, Apr 22, 14:59:36
        
        Probably (General Chat) - Old Git, Apr 22, 14:51:01
        
        Aren't they going to name and shame tax avoiders? (General Chat) - duke of york, Apr 22, 14:45:23
    - I assume that last comment is not serious (n/m) (General Chat) - Holden Caulfield, Apr 22, 14:27:42
      - Bloody is serious (General Chat) - Old Git, Apr 22, 14:30:30
        
        Not that I'm in any remote danger of being troubled by a tax bracket of ?150k ... (General Chat) - Arizona Bay, Apr 22, 14:36:04
        
        That's reasonable (General Chat) - BerlinCanary, Apr 22, 14:42:32
        
        Perzackerly (n/m) (General Chat) - Old Git, Apr 22, 14:37:53
        
        I'll leave this one to pants (General Chat) - Holden Caulfield, Apr 22, 14:31:36
        
        Correction (General Chat) - BerlinCanary, Apr 22, 14:37:37
        
        damn, beat me by 2 minutes. Pesky work colleagues asking me questions. (n/m) (General Chat) - megson, Apr 22, 14:35:29
        
        Ficko (n/m) (General Chat) - Old Git, Apr 22, 14:33:23
  - He needs it. Must spend half that a year on lunches. (n/m) (General Chat) - CB41, Apr 22, 14:09:44
    - And slaves (General Chat) - Holden Caulfield, Apr 22, 14:10:50
      - True. I suspect the Scottish lands will have to go. Bloody government!! (n/m) (General Chat) - CB41, Apr 22, 14:13:25
- I know, only a paltry 50%. Bottlers. (n/m) (General Chat) - CB41, Apr 22, 13:54:33
  - It takes a lot of effort to earn money (General Chat) - Old Git, Apr 22, 13:56:45
    - You'll also be giving ait to the next lot too. However, it's happened (General Chat) - CB41, Apr 22, 13:59:36
      - Clear the decks. (n/m) (General Chat) - jafski, Apr 22, 14:00:51
        
        ;-) (General Chat) - CB41, Apr 22, 14:03:00
    - I agree. What is left in this country for the truly talented entrepreneur? (n/m) (General Chat) - Buckscanary, Apr 22, 13:59:31
      - Structuring complex credit derivatives? (General Chat) - BerlinCanary, Apr 22, 14:21:27
      - ?149.99K/annum. Plenty for any normal person to live on :-) (n/m) (General Chat) - CB41, Apr 22, 14:03:53
      - Dragons Den (n/m) (General Chat) - jafski, Apr 22, 14:02:22
  - good news for you and your wedge from selling down here and buying up there (n/m) (General Chat) - Ralf Scrampton, Apr 22, 13:56:39
- I know, 2% on beer. King Cnuts. (n/m) (General Chat) - jafski, Apr 22, 13:51:55
  - Mine is half full (n/m) (General Chat) - Buckscanary, Apr 22, 13:55:41
  - aye, that's about 5p a bloody pint (n/m) (General Chat) - Ralf Scrampton, Apr 22, 13:54:13
    - So unimaginative, every fucking time. Pubs are closing at a high rate, they don't care. (n/m) (General Chat) - jafski, Apr 22, 13:55:55
      - Yup, at least TRY and think about it, like, putting it on bottled/canned drinks (General Chat) - megson, Apr 22, 14:36:30

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