Quote:
Originally Posted by martyh
you must be the only person in the uk who thinks the tax system is simple ,the only time it could be classed as simple is if you are PAYE and someone does the work for you .As for running a business and trying to claim tax credits without ending up in debt to the HMRC that is practically impossible and even the advisers don't know their way around the system .The reason why rich people pay far less tax by % than the rest of us mere mortals is because the system is so complicated
And yes a flat rate of tax is much preferable to the stupid system we have now ,simply because the rich will pay more tax .There is already a thread about a flat rate of tax which is far more on topic than discussing that here i will be happy to debate it with there |
Why would the rich pay more tax on a flat rate system?
The tax rate would be set lower for them, and its still dependent on them declaring their income.