What are your unpopular opinions?
Discussion
TwigtheWonderkid said:
blindswelledrat said:
There is also the fact that whoever leaves the money has very likely paid 40%+ tax on these earnings already anyway.
Nope, likely to be house price inflation, especially in London and the SE, and no tax has ever been paid on it. Ever, by anyone. And you can't say "nope, likely to be..." because what you actually mean is "Yes, although in some cases..." It doesn't make me wrong because some people get house price gains.
Blown2CV said:
blindswelledrat said:
There is also the fact that whoever leaves the money has very likely paid 40%+ tax on these earnings already anyway.
so what? The tenner I paid my window cleaner with has already had "40%+ tax paid on it" but does that mean he doesn't have to declare it?To turn your argument on itself, do you believe your son and daughter should be taxed on pocket money? Or if you buy them a car?
Of course not, that would be mental and yet if you die before you give them the money this suddenly is taxable for some reason.
blindswelledrat said:
Blown2CV said:
blindswelledrat said:
There is also the fact that whoever leaves the money has very likely paid 40%+ tax on these earnings already anyway.
so what? The tenner I paid my window cleaner with has already had "40%+ tax paid on it" but does that mean he doesn't have to declare it?To turn your argument on itself, do you believe your son and daughter should be taxed on pocket money? Or if you buy them a car?
Of course not, that would be mental and yet if you die before you give them the money this suddenly is taxable for some reason.
blindswelledrat said:
TwigtheWonderkid said:
blindswelledrat said:
There is also the fact that whoever leaves the money has very likely paid 40%+ tax on these earnings already anyway.
Nope, likely to be house price inflation, especially in London and the SE, and no tax has ever been paid on it. Ever, by anyone. I've made nearly as much out of London house price inflation as I have thru working.
Blown2CV said:
if you take the money all the way to your death, then you pay tax. If you are more generous in your lifetime towards your close relations, then you don't. It's not a secret. I will flip your argument back - why should it not be taxable? There is no argument. People just fluster around the concept of if it's my Dad's money then somehow it is also mine, or something to do with it being emotive because my Dad died... or just grumbles about tax in general. Why?
As stated, because it has already been taxed. Once your money has been taxed you should be allowed to give it to whoever you want, whenever the fk you want and the government should have no further entitlement to another slice of the pie. My money is my money to do whatever I want with. If I have willed it to my kids before my death, just because I die there is no logical reason as to why the government should be able to step in and rape it.
I suppose your question really is the gist of our difference of opinion. You start with a premise that it should be taxed and therefore it is up to me to give a good reason why it shouldn't, and I start with the premise that it shouldn't be taxed because it already has been therefore belongs to the person who owns it, and not the government
The Selfish Gene said:
l354uge said:
Land rover defenders are awful, awful cars. I'm glad JLR got with the times and killed it.
Anyone who bought one and never intended to take it off road should be sectioned.
I have one, it's awesome. It is also, an awful awful car. That's why I love it so much. Anyone who bought one and never intended to take it off road should be sectioned.
blindswelledrat said:
As stated, because it has already been taxed.
No, in the main it hasn't been taxed. You keep repeating this mantra ignoring the inconvenient facts. And even if it had, it makes no odds, as double or triple taxation happens every day and no one cares. But as it happens it mostly hasn't been taxed. If you are arguing against it on it already been taxed, why not rant about VAT, council tax, insurance tax and all the other taxes we pay daily out of already taxed income.
I'm prejudiced. It's not pleasant I know and I wish I could deal with it but it's hopeless.
I just cannot stand to listen to people with a rising inflection.
I try not to let it bother me, I know it's irrational and a persons speech patterns aren't indicative of their intelligence or character but as soon as somebody comes on the radio with that ridiculous affected lift I just have to turn it over. They may be a brain surgeon or a great philanthropist but I'm not about to fking listen to 'em!
It's a shame I shall just have to carry.
I just cannot stand to listen to people with a rising inflection.
I try not to let it bother me, I know it's irrational and a persons speech patterns aren't indicative of their intelligence or character but as soon as somebody comes on the radio with that ridiculous affected lift I just have to turn it over. They may be a brain surgeon or a great philanthropist but I'm not about to fking listen to 'em!
It's a shame I shall just have to carry.
TwigtheWonderkid said:
No, in the main it hasn't been taxed. You keep repeating this mantra ignoring the inconvenient facts. And even if it had, it makes no odds, as double or triple taxation happens every day and no one cares. But as it happens it mostly hasn't been taxed.
If you are arguing against it on it already been taxed, why not rant about VAT, council tax, insurance tax and all the other taxes we pay daily out of already taxed income.
With the incentive for inheritance tax being ‘because it helps prop up the coffers’ I think many will spend quite a lot of time and effort finding ways around it. If you are arguing against it on it already been taxed, why not rant about VAT, council tax, insurance tax and all the other taxes we pay daily out of already taxed income.
anonymous said:
[redacted]
This is obviously going to be difficult to break to you, money is taxed at every opportunity. It is taxed when you earn it and again when you spend it. When you buy petrol you are using taxed money to pay a tax (VAT) on another tax (Duty) and as a result you get a little bit of petrol in return.If you have a job with a company then your company also pays a tax (employer's NI) just to employ you. You pay employee NI too, on top of the income tax you have deducted - and before the VAT you pay on most things that you buy.
Then there is another tax (Stamp Duty) that you pay from your taxable income to purchase a house or invest in shares for your retirement.
I almost forgot about the tax on pensions and ISA's since Labour removed the dividend credit for these.
Best to not mention Council Tax, Road Tax and all the other taxes.
Tax is not only levied on transactions, so stop being a tt about it. It is levied on what can be easily calculated.
Transactions don't generate tax, they simply quantify the amount due. If you don't understand this you should not be allowed near a computer.
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