Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#1
.. a new innovation in the budget.
We will be all told exactly what the taxes we pay go towards, how much for Welfare, Education and so on. It will be based on what we personally paid in the previous year and expressed in £ not just percentages.
This should get people thinking more about what tax they pay and what value for money they get.
A good move to bring more transparency to the system.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
#2
Waste of time when most of what the majority of us pay in tax is VAT, excise duty, council tax, etc.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
#3
.....new innovation ?...............District,County Councils have done so for decades..................
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#4
Indeed Reg, as required since Mrs T's day but this is an innovation for central government who, in far too many ways, place must greater restrictions and requirements on local government than they are willing to impose on themselves - declarations of interest being one...
Peter - The majority of what I pay is income tax..... regardless, this will show how much of your income tax and National Insurance is spent and that openness must be a good thing.
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
#5
false accounting,pulling the wool over ones eyes comes to mind.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#6
just seems like a gimmick, i got my council tax bill in the other day -just looked at the final figure and binned the cartwheel thingy with the breakdown.
i am not alone i am sure.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
#7
Exactly...................nobody reads them................
Guest 695- Registered: 30 Mar 2010
- Posts: 426
#8
More fool them then.
If one can't be bothered to read a bill then I fail to understand how a sensible argument can be made against what is included in it!
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,948
#9
total gimmic and costly to
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DT1- Location: Dover
- Registered: 15 Apr 2008
- Posts: 1,116
#10
A gimmick definitely, but perhaps also an attemp at a device?
This once again shows that the words 'value for money' are just as meaningless from this government as the words 'we're all in this together'.
When your kids are at Eton, I doubt you will feel that you are getting 'value for money' from your contribution to state education. On the flip side of course is that going to Eton is 'value for money' as it allows you to influence such stupid ideas as this one.
Usual patronising stuff rom this government.
Barry, that is quite statement (on a number of levels), ref to your income vs other tax.
Just to add, I do agree with your point on declarations of interest. Andrew Lansley would be a first on my list.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,948
#11
gimmick
wonder on cost
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Guest 698- Registered: 28 May 2010
- Posts: 8,664
#12
#4, Barry, out of a total income budget of £591bn, £71bn is corporation tax and business rates, about £60bn is employer NICs, leaving £460bn to be paid by you and me. Income tax is budgeted at £155bn, or a fraction over one-third. So that must be the average situation, mustn't it?
You must be paying too much income tax Barry, perhaps I can recommend a good advisor?
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,948
#13
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#14
LOL Peter - as a matter of fact I could have ended up paying an awful lot more.... besides, investments should not be overly tax led, though tax is always a significant factor as you well know.
As for the breakdown of where the government gets its income from, I fail to see the relevance. That tax goes into the same pot and is distributed accordingly, one particular tax is not earmarked for a specific area of government spending. Consequently how the tax you pay gets distributed to different spending areas remains relevant.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
#15
"...tax goes into the same pot and is distributed accordingly..."
I'll have to keep a closer eye on you Barry...you're learning.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
#16
Yes Barry but you can get that information from the spending side of the budget. Surely the government doesn't have to waste resources breaking it down into itty bitty detail for every taxpayer?
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#17
if the previous goverment had brought this out barry would have been on their case in a flash.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#18
The idea follows the same thinking laid down by the FSA in what I do. It turns what might be a mere academic exercise in some hard to understand percentages into real hard cash that is meaningful when related to what people pay. I expect a lot of people who are on PAYE will have a shock when they see how much income tax and NI they paid over the year and where it is spent. It is not expensive to do and can be easily produced off a computer and tucked in with other tax communications such as tax codes. The hope is that a spot of reality will creep in and the pressure will be on for less taxes, lower public spending and even more so, better more efficient public spending.
Howard - the idea was put forward during the term of the last government and I support anything that adds pressure to low taxes and more efficient and targeted public spending.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
#19
Doubtless this idea can also show how much is spent on Parliament. A short step then to point-up what a piffling-small that amount is compared to benefits.
Why, for a mere 11p per week, wonders could be worked in terms of salary, working conditions and pension for some within that establishment. [Perhaps best to trial that idea at local level first?]
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,948
#20
howard of course your right
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