those damn Brits prove the evil Republicans are right

Discussion in 'General Global Topics' started by Trajan, Feb 22, 2012.

  1. Trajan
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    Trajan conscientia mille testes

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    This is exactly what several states here have done and what Obama proposes as well.

    The UK has now on a national level provided an example for Obama to learn from, it don't work......

    :eusa_think: unless of course he knows this and just wants to use this as a platform to stir up class warfare etc etc ......



    50p tax rate 'failing to boost revenues’
    The amount of income tax paid fell sharply last month in the first formal indication that the new 50p higher rate is not raising the expected amount of revenue.


    The Treasury received £10.35 billion in income tax payments from those paying by self-assessment last month, a drop of £509 million compared with January 2011. Most other taxes produced higher revenues over the same period.

    Senior sources said that the first official figures indicated that there had been “manoeuvring” by well-off Britons to avoid the new higher rate. The figures will add to pressure on the Coalition to drop the levy amid fears it is forcing entrepreneurs to relocate abroad.

    The self-assessment returns from January, when most income tax is paid by the better-off, have been eagerly awaited by the Treasury and government ministers as they provide the first evidence of the success, or failure, of the 50p rate. It is the first year following the introduction of the 50p rate which had been expected to boost tax revenues from self-assessment by more than £1billion.

    more at-
    50p tax rate 'failing to boost revenues’ - Telegraph


    I loved their headline, 'failing to boost revenue', why yes thats one way of putting an epic fail...


    [​IMG]
     
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  2. PoliticalChic
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    PoliticalChic Diamond Member

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    1. President Clinton proposed raising taxes on the rich, even though it didn’t appear that it would increase tax revenues. A sizable portion of the public agreed, even under these circumstances. The motive can only be envy.

    2. Sociologist Helmut Schoeck’s observation: “Since the end of the Second World War, however, a new ‘ethic’ has come into being, according to which the envious man is perfectly acceptable. Progressively fewer individuals and groups are ashamed of their envy, but instead make out that its existence in their temperaments axiomatically proves the existence of ‘social injustice,’ which must be eliminated for their benefit.” Helmut Schoeck, “Envy: A Theory of Social Behavior,” p. 179


    3. [ame=http://www.youtube.com/watch?v=YoqkOrA4tEs]Obama Taxes are for fairness - YouTube[/ame]
     
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  3. Quantum Windbag
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    Quantum Windbag Gold Member

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    We need to wipe out the UK so they stop conducting experiments in 50% surtax rates that prove the Republicans who say it will decrease revenue are right.

    :eusa_whistle:

    50p tax rate 'failing to boost revenues’ - Telegraph
     
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  4. L.K.Eder
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    L.K.Eder unbannable non-troll

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    who gave the marching order?

    drudge? malkin?
     
  5. California Girl
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    California Girl BANNED

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    The silence from the left is speaks loudly.
     
  6. L.K.Eder
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    L.K.Eder unbannable non-troll

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    and you are a writer, lol
     
  7. Zander
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    Zander Platinum Member

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    Large punitive tax rate increases rarely result in increased revenues to the Treasury. In fact, they usually net less, as the "rich" have numerous options available to them. But leftists do not care about that bit of reality, for them it is about punishing success and rewarding failure.
     
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  8. CaughtInTheMid
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    CaughtInTheMid Active Member

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    maybe we can jack our rate up so all the Chinese will move their money elsewhere and then americans can own american stuff again.

    :cool:
     
  9. Syphon
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    Syphon BANNED

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    that actually do increase revenues, as was shown during the Clinton years. There will always be people who cheat the system whether they are rich or poor. Rich people avoid taxes, poor people rely on social services. which is worse?
     
  10. freedombecki
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    freedombecki Let's go swimmin'! Supporting Member

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    Unless it is one of their own. It's more about punishing their political opposition and rewarding themselves with the spoils of this fruitcake war they're waging against people who earned their way and deserve good.
     
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