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Piccalilli Pit
Richard J Murphy
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Comments by "Piccalilli Pit" (@piccalillipit9211) on "Why are the Tories talking about flat taxes again?" video.
This was my comment: I HAVE TO BE HONEST a flat tax works quite well over here in Bulgaria - everyone pays 10% on absolutely everything - income, capital gains, company cars, benefits, gifts etc They then give a rebate to low income people. The benefit is it is SUPER cheap to collect and administer and there is NO point getting a good accountant to try and avoid tax cos its 10% no matter where you put it, and most hyper-rich pay LESS than 10% anyway. YES it would have to be higher in the UK and it will have to go up here. There are arguments on both sides of it.
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this was my comment: I HAVE TO BE HONEST a flat tax works quite well over here in Bulgaria - everyone pays 10% on absolutely everything - income, capital gains, company cars, benefits, gifts etc They then give a rebate to low income people. The benefit is it is SUPER cheap to collect and administer and there is NO point getting a good accountant to try and avoid tax cos its 10% no matter where you put it, and most hyper-rich pay LESS than 10% anyway. YES it would have to be higher in the UK and it will have to go up here. There are arguments on both sides of it.
3
@AaaaandAction See my comment below. If you dont give rich people loop holes it can work out better - just tax them say 20% on everything and anything, you live off a bank loan, you pay 20% tax on it, you have a company car - 20% tax on it. Its way way cheaper to collect
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@st200ol 10% is unsustainable here now its a modern country. It will definitely have to go up. But the national debt is only 25% of GDP so that helps a LOT. Benefits here are very much entitlements, there is not application process with a 75 page from and a private company subcontracted to say if you are eligible. They defer to professionals so if your doctor says you are ill - you are ill. If a psychologist says you have mental health problems you have mental health problems. they are very bureaucratic, but also things are black and white. You have the right paperwork you get the benefit.
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@davenarrainen6411 i didnt say that in any way shape of form did !????
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@davenarrainen6411 why would you make such a dum6 comment????
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@coolbanana165 N0 - cos people dont fight rebates. They dont hide rebates.
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@geoffhaylock6848 The national debt. Here its 25% of GDP in the UK is what 110%...???
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I HAVE TO BE HONEST a flat tax works quite well over here in Bulgaria - everyone pays 10% on absolutely everything - income, capital gains, company cars, benefits, gifts etc They then give a rebate to low income people. The benefit is it is SUPER cheap to collect and administer and there is NO point getting a good accountant to try and avoid tax cos its 10% no matter where you put it, and most hyper-rich pay LESS than 10% anyway. YES it would have to be higher in the UK and it will have to go up here. There are arguments on both sides of it.
1