Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

H P I Has Made Us All Worse Off--far Worse Than In 1996

Recommended Posts

http://business.scotsman.com/finance.cfm?id=365772006

'Fiscal drag' and other ways Brown quietly gets your cash

JENNIFER HILL

IN JUST over a week's time, Chancellor Gordon Brown will disclose the contents of his red box. Many hard-pressed tax-payers will no doubt hope for some respite from a sinister condition tightening its grip on the nation's pocket - "fiscal drag".
Figures show that fiscal policy has left homeowners more than £10 billion a year worse off than they were in 1994.
The scale of the impact of these so-called "stealth" taxes is startling. Typical middle-to-high income earners now pay up to 50 per cent of their incomes to the Treasury by way of taxes, compared with 36 per cent in 1996. And, since 1997, revenue generated by stealth taxes, fiscal drag and stamp duty has increased a staggering 78 per cent - to £123bn today from £69bn.
Soaring house prices have also created an inheritance tax bonanza for the government. They have contributed to an 81 per cent increase in IHT revenue - to £2.9bn from £1.6bn in the past eight years.

The Miracle Economy is no more than a massive tax scam at the expense of the sheeple. HPI has just added more to the coffers while preventing home ownership for those at the bottom of the financial heap.

Share this post


Link to post
Share on other sites

http://business.scotsman.com/finance.cfm?id=365772006

'Fiscal drag' and other ways Brown quietly gets your cash

JENNIFER HILL

IN JUST over a week's time, Chancellor Gordon Brown will disclose the contents of his red box. Many hard-pressed tax-payers will no doubt hope for some respite from a sinister condition tightening its grip on the nation's pocket - "fiscal drag".
Figures show that fiscal policy has left homeowners more than £10 billion a year worse off than they were in 1994.
The scale of the impact of these so-called "stealth" taxes is startling. Typical middle-to-high income earners now pay up to 50 per cent of their incomes to the Treasury by way of taxes, compared with 36 per cent in 1996. And, since 1997, revenue generated by stealth taxes, fiscal drag and stamp duty has increased a staggering 78 per cent - to £123bn today from £69bn.
Soaring house prices have also created an inheritance tax bonanza for the government. They have contributed to an 81 per cent increase in IHT revenue - to £2.9bn from £1.6bn in the past eight years.

The Miracle Economy is no more than a massive tax scam at the expense of the sheeple. HPI has just added more to the coffers while preventing home ownership for those at the bottom of the financial heap.

Where do you get off reffering to us as sheeple. People like myself visiting this board may not be very interested in listening to your arguements when you show us so little repect. Spreading the word may involve winning us "sheeple" over.

Share this post


Link to post
Share on other sites

Where do you get off reffering to us as sheeple. People like myself visiting this board may not be very interested in listening to your arguements when you show us so little repect. Spreading the word may involve winning us "sheeple" over.

Conformity rules, nobody can escape it. People who think they are non conformist are always the funniest, non conforming conformists...

Share this post


Link to post
Share on other sites

Conformity rules, nobody can escape it. People who think they are non conformist are always the funniest, non conforming conformists...

I do agree (as a non-conformist misef ;) ) but I am not sure what your saying here, do you include yourself in this overview? Or are you the only truly independent thinker? Sheeple. Bliar. Common words in the English language? Well I've never heard them used anywhere else. I like sheeple particularly. It SCREAMS "IRONY" at me. Its called group dynamics and nobody can escape it unless they are a sociopath (not a great thing to be :wacko: ).

You think your an independent thinker...

Share this post


Link to post
Share on other sites

Its called group dynamics and nobody can escape it unless they are a sociopath (not a great thing to be :wacko: ).

There seems to be some decent career opportunities though, I can remember reading an item in the paper last year saying as much about a good number of traders in the City.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.