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Ed Balls Seeks To Reassure London Homeowners Over Mansion Tax Plans

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Surely it should be the other way around?

If the mansion tax is applied then the value of said mansion will go down... Until it is no longer taxable.

I say "surely", that's obviously from a logical point of view rather than a politicians point of view.

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They have a property tax in Ireland, it hasn;t stopped prices rising 30% in Dublin, hovever those buying expensive properties are now paying more tax.

Property tax in action.

http://www.rte.ie/news/2014/0922/645561-property-tax/

Edited by Wurzel Of Highbridge

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RING RING RING

"Hi there, Red Party Hot Line"

"Mr Big here. What the heck is this that I hear on Radio 4 this morning about some idiotic tax on 'mansions'?"

"Ah don't worry about it, we wanted to get some opinion polls to swing back to us from UKIP"

"Look, you do what you need to, you know make noises about immigration, minimum wage, EU, building houses and all that jam tomorrow stuff, but leave OUR homes out of it you hear! Remember who pays the bills around here!"

"Yes, yes, we'll get Ed on it right away"

PHONE DEAD SOUND

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Has Ed ever had a job ?

I like my labour Mps to have worked down a coal mine for at least 5 years before voting for them.

Edited by TheCountOfNowhere

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Simple.....don't purchase a place over £2 million......nobody is forced to, you can still live a very good life not living in a liability.... Take the tax off the equity and pay dues when dead or sold....no hardship...... Thousands of people will be living on their homes in the not too distant future.....born with zilch die with zilch, least you can say you enjoyed it whilst you had it.

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It's only going to be an extra £3k for homes between £2-£3 million. Hardly a mansion tax. And anyone earning under the higher rate tax can defer. God I wish there was a party that wasn't up the **** of the rich. Why are Labour more concerned about the worries of a small percentage of people who probably don't even vote for them than the 99% who would.

I was thinking of voting for them but I don't think I'll bother now. Who to vote for though, that is the question.

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. Why are Labour more concerned about the worries of a small percentage of people who probably don't even vote for them than the 99% who would.

My guess would be that the labour MPs are part of that small percentage !!!!

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My guess would be that the labour MPs are part of that small percentage !!!!

Turkeys don't vote for Christmas......we will borrow more to give you if you let us have what we want....lots of tax efficient London property put into trust, so that we can maintain our name and our future generations...

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Has Ed ever had a job ?

I like my labour Mps to have worked down a coal mine for at least 5 years before voting for them.

He's from the 0.001% and is a useless cnt hence why the Labour party was his calling.

Edited by Corruption

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It's only going to be an extra £3k for homes between £2-£3 million. Hardly a mansion tax. And anyone earning under the higher rate tax can defer. God I wish there was a party that wasn't up the **** of the rich. Why are Labour more concerned about the worries of a small percentage of people who probably don't even vote for them than the 99% who would.

I was thinking of voting for them but I don't think I'll bother now. Who to vote for though, that is the question.

Nail on the head. Stinks doesn't it? Perhaps all those in £500k 1-bedders are worried they may fall into that £2m bracket within the next few years.

What aspirations us Brits have....

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Nail on the head. Stinks doesn't it? Perhaps all those in £500k 1-bedders are worried they may fall into that £2m bracket within the next few years.

What aspirations us Brits have....

This was about the only thing Labour had going for it in my eyes. Their rent controls are crap. They just seem to be red Tories to me. Maybe I should vote Green but they want unlimited immigration and to shut down nuclear power stations. Meh. As a woman I think not voting is sacrilege but I'm moving in that direction (sorry Emily Pankhurst!).

Edited by fru-gal

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He got the headlines on the tax - now it's time for him to withdraw the policy on the quiet.

For sure he'll be hoping that plenty of people will have seen the headlines but won't notice the sneaky reversal.

Edited by billybong

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Dan Hodges, the one eyed socialist is against the "Annual Property Tax" also known as the Mansion Tax.

Seems his mother has gifted him the house to avoid inheritance tax.

http://www.telegraph.co.uk/news/politics/labour/11177527/Ed-Balls-has-just-turned-my-house-into-a-mansion.-Im-not-as-happy-about-it-as-you-might-think.html

Only the Tory party can match Labours hypocrisy.

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We don't need another tax. We already have council tax, just add more bands.

The problem with another tax is it will start at 2m and will then expand to cover lower price properties or the threshold won't increase.

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We don't need another tax. We already have council tax, just add more bands.

The problem with another tax is it will start at 2m and will then expand to cover lower price properties or the threshold won't increase.

The rich do get off likely with council tax. Asset holders are the new rich and they didnt work for that property gain so fck em if they get taxed more.

Anything that can pop the bubble is good in my books.

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It's only going to be an extra £3k for homes between £2-£3 million. Hardly a mansion tax. And anyone earning under the higher rate tax can defer. God I wish there was a party that wasn't up the **** of the rich. Why are Labour more concerned about the worries of a small percentage of people who probably don't even vote for them than the 99% who would.

I was thinking of voting for them but I don't think I'll bother now. Who to vote for though, that is the question.

Contrary to popular belief, not all tories are rich and not all labour are poor. Many champagne socialists out there...many in receipt of large public sector salaries.

Doctors probably one of the highest paid professions out there...probably 90%+ of them vote labour...same goes for lawyers.

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The rich do get off likely with council tax. Asset holders are the new rich and they didnt work for that property gain so fck em if they get taxed more.

Anything that can pop the bubble is good in my books.

But when they bought their house in 1862 it was only worth 3 pound 50!

Funny how that 'argument' is never applied to salaries or non property investments...when I was office junior I only paid basic rate tax...now I'm CEO you want to tax me more...its not my fault my salary has gone up. Cant imagine anyone saying that with a straight face.

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