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Message started by pgambr on 05/12/14 at 17:41:51

Title: UK Tax Man
Post by pgambr on 05/12/14 at 17:41:51

Mr Cameron told Sky News: "We have a choice here. If we don't collect taxes properly and make sure people pay their taxes properly we look at the problems of having to raise tax rates.

Under the planned new measures, tax officials will have an automatic power to take money from a bank account when the holder has failed to act on four formal warnings requiring payment.

Currently officials can only remove money in this way with the permission of a magistrate or judge.

http://www.telegraph.co.uk/finance/personalfinance/consumertips/tax/10819885/David-Cameron-Taxes-will-rise-unless-we-can-raid-bank-accounts.html

Title: Re: UK Tax Man
Post by justin_o_guy2 on 05/12/14 at 21:04:35

& whats their tax rate now? I heard France is around 75%, unless ya make like a million pounds/ yr,, then its like 101%,, surely that cant be true..

All these rich clowns pushing for higher taxes dont pay taxes..

Title: Re: UK Tax Man
Post by TheFid on 05/12/14 at 21:25:10

Its a thought for the future. Wether it gets through parliament is another thing. They want the tax man to be able to raid a persons bank accout for outstandig tax arrears of over £1000-00. A load of MP's are against it allready. The current tax rate is 20% on earnings up to £40,000. and 40% for any amount after that.

Title: Re: UK Tax Man
Post by shorty on 05/13/14 at 07:08:41

here we already get garnished wages if ANY branch of the govt thinks you owe $..

for example if the DOE thinks you didn't pay enough interest on a student loan they will garnish wages with no need for a judge, soon our bank accounts will be fair game

Title: Re: UK Tax Man
Post by Paraquat on 05/13/14 at 09:06:50

Funny you mention student loans...
I was listening to a talk show - I thought the woman was kidding but she sounded serious the more she went on.
She wanted to start a class action suit against Fannie Mae for student loans as ... The word isn't coming to me. I think it begins with a "D".

Basically when they know a loan is no good but they issue it to you anyway. She's upset her degree is worthless and she isn't able to pay back the student loan.

I'm interested, FID, how the situation in the UK is. I haven't heard much, regarding foreign economies, since the whole business with Greece... from someone in the area.

--Steve

Title: Re: UK Tax Man
Post by Dane Allen on 05/13/14 at 18:24:34

0F3E2D3E2E2A3E2B5F0 wrote:

...She's upset her degree is worthless and she isn't able to pay back the student loan...

;D ;D ;D That is like burning your own house down to collect the insurance. Everyone knew in advance, including her, that her degree was useless but she did it anyway. Art History, Feminism, Sandskrit and Gender Studies are all totally worthless degrees. Maybe if ancient transgender lesbians encoded the key to limitless clean energy on cave walls in Austria then this would payoff...for a couple months.

Title: Re: UK Tax Man
Post by justin_o_guy2 on 05/14/14 at 07:47:57

You left out "Sociology",, another "basket weaving" course. So many go to school & learn to regurgitate all the right ideas & just Feel Soo Good about themselves & how much theyre gonna DO to Chaynge thu WHIRLD! & Then the graduate & discover there just arent many people willing to pay them to spread all that knowledge around.. They can go BACK to school & TEACH more people the same useless BS..
Radiology, nursing, welding, learn something thats useful..

Title: Re: UK Tax Man
Post by pgambr on 05/14/14 at 22:37:26

Going to school and getting a degree in this day and age means you had the fortitude to pass enough classes to get a piece of paper to put on a wall. At best it puts you in position where you have a long shot a finding a job in the field that you studied. More than likely you won’t find a position in the discipline that you studied and will accumulate a significant amount of debt. In my experience, it hasn’t been since the early 90’s where going to college meant you had a good chance a finding a job.

Title: Re: UK Tax Man
Post by Trippah on 05/16/14 at 06:47:47

Much of college seems to be babysitting paid for by loans that haunt the ever child for most of his life. Note that all such government help the stupid student with his loan burden is for Undergrad loans only.. the grad programs where for many the real work begins..nope..be born rich or get sucked dry. ;D Of course, the loan program makes Uncle Sam a lot of money and keeps thousand off the unemployed dole for 2-4 years.(Hiding how dismal the situation is). ::) ::) ::) ::)

Title: Re: UK Tax Man
Post by Jerry Eichenberger on 05/17/14 at 12:35:50

Going to college isn't going to vocational school, unless you are studying a technical subject like engineering.
My undergrad degree is in history and political science. Useful vocationally in itself? No. But I knew I was going to law school, which is vocational education, and I had to have a bachelor's degree first.
But a liberal arts degree does a lot for a person - just awareness of what's around you is important.
My mother's family are Appalachians with little education - some probably don't even know who the president is, and I know they don't know who their Congressmen or Senators are.
Education, especially higher education, equips one for many jobs that aren't technical like engineering is. My college years taught me to write, to speak with proper grammar, and to appreciate music and other intellectual pursuits. Without writing skills and proper grammar, I would not have been able to publish 4 books and over 300 magazine articles.
Yet, without a technical degree, I've always made a living. I'm not knocking technical education, I'm just saying that all education is beneficial.
If you study the "basket weaving" majors, one just has to know going in that in itself, that education won't pay off economically. But it can be a stepping stone.