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Topic: If tax calculators are to believed, staying in the UK means getting robbed - page 2. (Read 3348 times)

legendary
Activity: 1218
Merit: 1001
Roll on independence in Scotland.. Fed up of Westminster taxing us.. Bedroom tax is the latest one!!

Saw Cameron on TV with his serious face on the other day urging Scots to vote no on it for the 'sake of Great Britain'. I'm sure they're just going to miss your taxes and don't really care otherwise.

Are you guys kidding?  The SNP is dedicated to higher taxes and they are the Scottish government.  
global moderator
Activity: 3990
Merit: 2717
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Roll on independence in Scotland.. Fed up of Westminster taxing us.. Bedroom tax is the latest one!!

Saw Cameron on TV with his serious face on the other day urging Scots to vote no on it for the 'sake of Great Britain'. I'm sure they're just going to miss your taxes and don't really care otherwise.
newbie
Activity: 45
Merit: 0
Roll on independence in Scotland.. Fed up of Westminster taxing us.. Bedroom tax is the latest one!!
full member
Activity: 152
Merit: 100
All things considered UK is actually not that bad in comparison with other nations.

ROFLMAO. You get persecuted for having screwdriver in your pocket while criminals use pistols. There is higher rate of some criminal offenses in London than in Cape Town. And yet they keep robbing you saying how much they take care of you and how they are ensuring your safety. Sure, not bad  Roll Eyes
legendary
Activity: 1218
Merit: 1001
LOL - http://www.electoralcommission.org.uk/i-am-a/journalist/electoral-commission-media-centre/news-releases-referendums/Complete-set-of-provisional-turn-out-figures-for-referendum-now-published

The figures are always a bit sketchy but I remember a BBC article practically complaining that about 42% or so? Were the only ones to show up, it was even worse in some of the local elections, dramatically worse.

Have you read the headline?  It was for the AV referendum.  Take a moment to read up what was at stake - a policy that would not change election results much.  People don't vote for things they don't care about.  

You will also see low turnout for EU elections and for local elections in the safe boroughs.  

Take a look at turnout for important elections: http://www.ukpolitical.info/Turnout45.htm  Its over 60% and that's despite all 3 main parties being committed to roughly the same policies. They are all for NHS, Police, Armed Forces and the Welfare State. 

I can only assume the reason you are on about turnout is that you argue that the policies which UK governments follow are broadly supported.  Unless you can find some party that offers different policies winning votes, that's a hard argument to make.
legendary
Activity: 1218
Merit: 1001
The more you earn the more you pay. At least, that's the way the tax code is written.

Yes, but that would also be true without these ridiculous bands. Do I need to explain to these people that the same percentage of a higher amount is also a higher amount? No need to increase the percentage for that.

True but there is a sweet spot in the UK around 40%.  Go above or below that and tax receipts start to fall.  The introduction of the 50% rate reduced the tax take from the rich - its risen now that the tax is 45% and it might rise again when it goes back to 40%.
legendary
Activity: 1540
Merit: 1000
LOL - http://www.electoralcommission.org.uk/i-am-a/journalist/electoral-commission-media-centre/news-releases-referendums/Complete-set-of-provisional-turn-out-figures-for-referendum-now-published

The figures are always a bit sketchy but I remember a BBC article practically complaining that about 42% or so? Were the only ones to show up, it was even worse in some of the local elections, dramatically worse.
legendary
Activity: 1218
Merit: 1001
The problem with that logic is Hawker, most people here aren't that bad, it's the voting block that causes all the problems and they don't even make up more than 50% of the country, the situation isn't as simple as people like you like to make out, voting turnout is ridiculously low in this country and in the U.S.

The Brits like the NHS, the roads, the Queen, the Armed forces and so on.  They will always vote for them and thus for taxes to support them.    If you add together the Tories, Labour and LibDems, you have well over 90% of the population and all of them have the same tax policies. 

legendary
Activity: 1540
Merit: 1000
The problem with that logic is Hawker, most people here aren't that bad, it's the voting block that causes all the problems and they don't even make up more than 50% of the country, the situation isn't as simple as people like you like to make out, voting turnout is ridiculously low in this country and in the U.S. so I'd argue that legally these governments aren't representing these countries at all.
legendary
Activity: 1218
Merit: 1001
I like the weather here as well and honestly, I couldn't give a fuck about conditions of a country really these days, it's all about the people, I'd be perfectly happy living on my own in a semi-detached house or flat for years as long as I have my own privacy but even that's going to get taken away eventually, I'm not just one of those anti-tax people I truly hate everything about western governments and I don't have much love for those in the East either but at least they aren't hypocrites and are openly tyrannical.

I'll find a way around this, I found Bitcoin despite it being hidden away in the deep web so it must be possible Tongue.

Oh yeah and the weather is fantastic for miners, I was getting worried that the U.K was going to become another horrid heater always turned up at maximum type country but nope always manages to keep raining and get cold Cheesy

If you don't want to pay the taxes, at least be man enough to say you feel the problem is that the people are greedy twats who vote for stupid policies which require taxation.

If you like the people and the people vote for the policies that require taxes, then pay the taxes. 

Simples Cheesy
legendary
Activity: 1540
Merit: 1000
I like the weather here as well and honestly, I couldn't give a fuck about conditions of a country really these days, it's all about the people, I'd be perfectly happy living on my own in a semi-detached house or flat for years as long as I have my own privacy but even that's going to get taken away eventually, I'm not just one of those anti-tax people I truly hate everything about western governments and I don't have much love for those in the East either but at least they aren't hypocrites and are openly tyrannical.

I'll find a way around this, I found Bitcoin despite it being hidden away in the deep web so it must be possible Tongue.

Oh yeah and the weather is fantastic for miners, I was getting worried that the U.K was going to become another horrid heater always turned up at maximum type country but nope always manages to keep raining and get cold Cheesy
full member
Activity: 182
Merit: 100
I <3 rain! My miner loves the cold.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
Compared to vast swathes of the present world and at any other time and place in human history the UK is a glittering paradise.

Sure, tax is a huge drain and it's squandered constantly. I'd rather be paying my protection money to The Man than be hiding in a bush in the Congo hoping my limbs aren't going to be hacked off.

It's perfectly understandable to moan about it. But you're moaning whilst well fed with some kind of roof over your head, using your education, (hopefully) decent health, pretty darned safe surroundings and handy infrastructure all provided in part by that pesky tax.

Any tax payments via Bitcoin gains have been long written off in my mind. I'm not going to throw away my life, culture, family and friends for the sake of only 28% of it.

And I like the weather here. There, I said it.





full member
Activity: 196
Merit: 100
Quote
I'm not surprised people who get success just leave the UK and go to the Caribbean somewhere because the tax rates here look ridiculous.
Not to mention the weather!
legendary
Activity: 2576
Merit: 1087
It honestly seems like the only option for someone like me to become a millionaire immediately and move out of the country or the more realistic option, stay in the low income 'bracket' on purpose until I can save enough money in Bitcoin to move out and flee like a dissident, this is another reason why I was considering renouncing my citizenship because then the UK government wouldn't be able to attack me for having Bitcoins stored away if they found out.

Yes, I realise that's a pretty paranoid scenario, but I honestly believe with the way they've been acting that's what they'll get up to soon enough.

Oh and saying the UK isn't as bad as other nations is a bit like saying drinking piss isn't as bad as eating shit, It's really sad when I see UK people get defensive about their nation but I guess everybody tends to do that wherever you go Tongue.

The *most* realistic option (imho - at least for me so far), is not to realise significant profits whilst you are a UK taxpayer. Keep it under the capital gains allowance of £10,900 for the year (2013-14) and you can take profits tax free. Anything above that and you start paying tax. Offset costs/losses. Most important get an accountant to make sure you are doing it right Wink

Be thankful the early rumours about BTC being VATable did not come to fruition. Silver is a right mess because of VAT.
legendary
Activity: 2576
Merit: 1087
legendary
Activity: 1540
Merit: 1000
It honestly seems like the only option for someone like me to become a millionaire immediately and move out of the country or the more realistic option, stay in the low income 'bracket' on purpose until I can save enough money in Bitcoin to move out and flee like a dissident, this is another reason why I was considering renouncing my citizenship because then the UK government wouldn't be able to attack me for having Bitcoins stored away if they found out.

Yes, I realise that's a pretty paranoid scenario, but I honestly believe with the way they've been acting that's what they'll get up to soon enough.

Oh and saying the UK isn't as bad as other nations is a bit like saying drinking piss isn't as bad as eating shit, It's really sad when I see UK people get defensive about their nation but I guess everybody tends to do that wherever you go Tongue.
full member
Activity: 182
Merit: 100
All things considered UK is actually not that bad in comparison with other nations.

There is an NHS. Delays at the emergency rooms are shocking, but at least there is 'free' health care.

Politicians are not untouchable, some do go to jail when they break the law.

Alcohol consumption rules here are not as strict as say in the US. (Can drink from 16, can buy from 18)

Most cops here don't carry guns.

Most people are pretty honest here too  Roll Eyes.

Property ownership: you do actually get perpetual land ownership here with freehold properties, something that is not possible in places like China.

I am not saying the government always follow its own laws... but it does it more often and more consistently than other countries. E.g. They are actually going to release convicted terrorists after they have served their prison sentences, whether they have changed their views or not.

The UK values techies like myself, the wages aren't bad for writing software.

Interbank transfers are free.

The taxes are kind of heavy on the income side though ($%#!"&^? 40%!), I agree. It would have been better to have land value tax and less income tax IMO. Those who can afford to own a property are more able to pay than those who have only income. Oh and the 20% VAT should be scraped, so should CGT, calculating CGT gives everyone headache. LVT alone will probably be enough.
global moderator
Activity: 3990
Merit: 2717
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Middle class means easily taxed and robbed, lower class is thank you and keep being there.

What are these classes you talk about? How much money you have?
legendary
Activity: 1218
Merit: 1001
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