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George Osborne's new scheme will lose 3 billion?

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    And who thought labour would ruin the country?
    Lowering taxes on the rich and you expect people to pay their taxes now,what an idiot?-the least they could lose is 2.8 billion because most people won't pay back their taxes because of a 5% cut.
    Aren't the Government meant to be making cutbacks that will earn money?
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    Could you provide some source for your figures? Or have you been able to foresee the future tax intake?
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    (Original post by Tommo3)
    Could you provide some source for your figures? Or have you been able to foresee the future tax intake?
    http://www.politics.co.uk/news/2012/...0p-rate-gamble

    The 2.8 million was my estimate.
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    (Original post by Dalek1099)
    http://www.politics.co.uk/news/2012/...0p-rate-gamble

    The 2.8 million was my estimate.
    2.8 million doesn't sound too bad.
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    Poor deluded soul.
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    (Original post by The Hedonist)
    Poor deluded soul.
    I agree that George Osborne is a Poor deluded soul.
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    (Original post by Dalek1099)
    I agree that George Osborne is a Poor deluded soul.
    :pierre:
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    I really don't believe in the concept that the lower the taxes are that the fewer people will take part in tax frauds and the greater the tax revenue will be. I mean what will a 5% difference in taxes make to those who already have money in countries such as Switzerland where one can pay under 10% income tax?...

    If the conservatives and the Lib dems really wanted to cut taxes to a point where hardly anyone would bother taking part in tax fraud/avoidance the overall tax income would be much smaller than if they'd just kept it at 40-50%.
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    (Original post by Heeck)
    I really don't believe in the concept that the lower the taxes are that the fewer people will take part in tax frauds and the greater the tax revenue will be. I mean what will a 5% difference in taxes make to those who already have money in countries such as Switzerland where one can pay under 10% income take?...

    If the conservatives and the Lib dems really wanted to cut taxes to a point where hardly anyone would bother taking part in tax fraud/avoidance the overall tax income would be much smaller than if they'd just kept it at 40-50%.
    finally someone understands the truth and i have estimated a 2.8 billion loss.
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    Maybe they should put a cap on the maximum tax you can pay, like a million a year or something. Then rich people would probably stop trying to avoid it. Surely after a certain point you've paid your own way enough, and the money that you bring in through corporate tax, VAT etc is still increasing.
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    (Original post by Dalek1099)
    finally someone understands the truth and i have estimated a 2.8 billion loss.
    Not million?
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    (Original post by Dalek1099)
    finally someone understands the truth and i have estimated a 2.8 billion loss.
    By estimate you mean you know it has to be below 3 billion so you've picked a number out of the air below 3 billion that supports your view right?
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    Why is Osborne trying to tax the rich 5 times the amount they are taxed already?

    Does he want to drive them out of the country?

    Hate to say it but this would have never happened under a government with Tony Blair and Peter Mandleson in it.
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    I really can't decide if you are a troll or just dumb?
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    (Original post by partoftheweekend)
    Maybe they should put a cap on the maximum tax you can pay, like a million a year or something. Then rich people would probably stop trying to avoid it. Surely after a certain point you've paid your own way enough, and the money that you bring in through corporate tax, VAT etc is still increasing.
    Rich people will try to avoid paying any tax even if it was £1.
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    (Original post by Maker)
    Rich people will try to avoid paying any tax even if it was £1.
    As will poor people.

    And middle income people.
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    (Original post by Maker)
    Rich people will try to avoid paying any tax even if it was £1.
    Mainly because the majority of middle and upper tax payers actually work intellectually demanding jobs with serious work involved, so maybe they don't feel like giving 50% of it away to sponging socialist benefit whores who dropped out of school at GCSE's because they couldn't be bothered. So of course now they can't start their "Dream Business, I'm going to be a millionaire" corporation, they need the intellectual rich to support them.

    TL;DR - **** off benefit sponging ****.
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    (Original post by Dalek1099)
    And who thought labour would ruin the country?
    Lowering taxes on the rich and you expect people to pay their taxes now,what an idiot?-the least they could lose is 2.8 billion because most people won't pay back their taxes because of a 5% cut.
    Aren't the Government meant to be making cutbacks that will earn money?
    So you don't think ex 50% bracket earners will now not want to go through all the hassle of having all their accounts set up foreignerly ?
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    (Original post by Joe909)
    So you don't think ex 50% bracket earners will now not want to go through all the hassle of having all their accounts set up foreignerly ?
    I'd imagine the new punitive taxes on certain common tax dodge methods might help discourage them.
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    (Original post by Dalek1099)
    finally someone understands the truth and i have estimated a 2.8 billion loss.
    While the OBR and HMRC are saying around 100 million. Does it worry you that your estimate, based on no demonstrated evidence, statistical modelling or research, formulated within a day of hearing about the issue might just be slightly less valid than that of two large organisations involved almost entirely with economics and tax who have actually spent time and done research on the issue?

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