Saturday, Nov 23, 2013

Poor Homeowners bled dry by a government with no ideas

Telegraph: Britain has highest property taxes in the developed world

"Income from the country’s taxes on commercial and residential property - including business rates – are worth 4.1pc of GDP, more the twice the average of the 34 countries in the Organisation of Economic Co-operation and Development". We offshored all the real jobs years ago and sat on our bottoms waiting for our "investment" to grow. The tone of the article blends perfectly with "Hands off our semi" :-)

Posted by alan @ 02:49 PM (1585 views)
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2 Comments

1. stillthinking said...

The UK government was taking about 49% of GDP. So anybody earning over 25K the average wage is paying over half their income to the state. The same state that is unable to provide social housing, energy investment, just announced primary school shortage crisis, and fiddles all the while with the social security system to ensure your impossibility to claim.

What about that!

Monday, November 25, 2013 06:04AM Report Comment
 

2. mark wadsworth said...

That article and underlying report are compelte hokjum of course.

Half of that 4.1% is paid by businesses in Business Rates or SDLT.

Of the other half paid by households (Council Tax, SDLT, IHT etc), more than half of it is the poll tax element of council tax, i.e. the bare minumum £700 or so payable on every home, and the extra bit of Council Tax which relates vaguely to the actual value is more like 0.2% per annum.

So if we add the value element of Council Tax to SDLT and IHT paid by households, you get about 1% of GDP, which puts us firmly in the middle of the pack.

Monday, November 25, 2013 10:29AM Report Comment
 

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