the overriding principle behind this tax is the more expensive the house you own the more

money you are able to contibute to society - be that at a local level* with your council tax, or a national level with a proposed mansion tax

and i've addressed your issue with it being based on the value of your property only in at least 2 posts already - ease of collectability and valuing of property as an asset

if you're complaining that you're going to be hit by it because Gittie towers is worth at least ?2m then i have very little sympathy - you can afford it, and if not buy a slightly smaller and cheaper house

*though most funding for local councils comes from national government grants i think

Posted By: Ralf Scrampton on September 21st 2011 at 15:19:15

Message Thread

FAO Scrampton (General Chat) - Old Git, Sep 21, 11:05:18
- Talking of mansions, me, Tabitha, Torquil and Bernadette were up at Piers and Annunziata's (General Chat) - malkybarkid, Sep 21, 11:31:05
  - haha (n/m) (General Chat) - Brandonio, Sep 21, 16:24:21
  - I hate it when i get.. (General Chat) - kenny powers, Sep 21, 12:11:35
  - Chuckle (General Chat) - Old Git, Sep 21, 11:40:34
  - haha (n/m) (General Chat) - Arizona Bay, Sep 21, 11:38:28
  - lol (n/m) (General Chat) - jafski, Sep 21, 11:34:31
- a tax on the value of properties already exists (council tax) (General Chat) - Ralf Scrampton, Sep 21, 11:24:45
  - Or valuing second homes? Or valuing cash? Or valuing share portfolios? (General Chat) - Old Git, Sep 21, 11:27:09
    - it might be difficult near the threshold, but not for the really expensive stuff (General Chat) - Ralf Scrampton, Sep 21, 11:33:21
      - Or bring back the Poll Tax and then everyone pays the same (General Chat) - EtuWHO, Sep 21, 12:40:10
        
        I don't think everyone should pay the same, I see the principle behind taxing the rich (General Chat) - Old Git, Sep 21, 13:32:00
        
        so VAT should be scrapped n'all? (n/m) (General Chat) - Ralf Scrampton, Sep 21, 13:43:09
        
        Hmmm (General Chat) - Old Git, Sep 21, 13:59:57
        
        it is a tax dependent on what you choose to buy, despite you having already paid tax on ea (General Chat) - Ralf Scrampton, Sep 21, 14:23:32
        
        I would reduce tax to 5% of earnings (General Chat) - EtuWHO, Sep 21, 14:35:05
        
        VAT is a tax at the moment of purchase - we've already got that for houses (stamp duty) (General Chat) - Old Git, Sep 21, 14:32:59
        
        right... so it's the ongoing nature you dislike (which you failed to mention in your post) (General Chat) - Ralf Scrampton, Sep 21, 14:37:15
        
        Given that we already have a purchase tax (stamp duty) which you seem to have forgotten (General Chat) - Old Git, Sep 21, 14:58:21
        
        the overriding principle behind this tax is the more expensive the house you own the more (General Chat) - Ralf Scrampton, Sep 21, 15:19:15
        
        Rent it out to a Somali asylum seeker (General Chat) - Astroturf, Sep 21, 15:10:11
        
        Git for PM (n/m) (General Chat) - EtuWHO, Sep 21, 14:35:28
        
        Intelligent & Lib Dem? Nah does that work (n/m) (General Chat) - EtuWHO, Sep 21, 14:09:36
        
        Scrammers obviously is intelligent (General Chat) - Old Git, Sep 21, 14:17:33
        
        That is the Clegg effect (n/m) (General Chat) - EtuWHO, Sep 21, 14:24:04
        
        VAT is the fairest tax of all as the more you spend the more you pay (n/m) (General Chat) - EtuWHO, Sep 21, 13:55:01
        
        Excellent idea... (General Chat) - woody, Sep 21, 13:23:41
        
        because it might be that Daddy bought your house for you (General Chat) - Ralf Scrampton, Sep 21, 12:44:27
        
        And what if Daddy had worked hard? (n/m) (General Chat) - EtuWHO, Sep 21, 12:51:34
        
        and what if he didn't? (n/m) (General Chat) - Ralf Scrampton, Sep 21, 13:03:18
        
        Are you trying to say (General Chat) - EtuWHO, Sep 21, 13:53:53
        
        this is an additional tax - not to do with 'all tax laws' (n/m) (General Chat) - Ralf Scrampton, Sep 21, 14:25:13

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