Topic: | Re:Re:Re:Re:Re:Re:Estate Agents against Mansion Tax Shock ! | |
Posted by: | Mark Perry | |
Date/Time: | 29/09/14 17:36:00 |
What's wrong with a wealth tax? We already have one - IHT, where people lose 40% of their estates (over the £325k allowance) to the government. Despite already paying income tax, national insurance and tax on bank or equity income earned.... Meanwhile in socialist France - "President Francois Hollande’s attempt to cut France’s budget deficit with tax increases may have boomeranged. Not only did the increases fail to generate as much revenue as expected, they also wrought declining consumer demand, figures released today showed. French tax receipts amounted to 284 billion euros ($387 billion) in 2013, up 15.6 billion euros on 2012, though 14.6 billion euros less than the finance ministry had predicted, France’s national auditor said today in a report. The total tax burden in France has risen by about 70 billion euros in the three years through 2013. French taxes are equivalent to about 46 percent of gross domestic product, the highest among euro-zone countries. |