Topic: | Re:Re:Re:CEBR figures and effects of a Mansion Tax | |
Posted by: | Lorne Gifford | |
Date/Time: | 01/05/15 10:13:00 |
Hi Tom, I'm afraid simply saying the calculations are wrong is not particularly good way of disputing them. Mathematics are the only language you can't lie in. What exactly is wrong about the drop in value of today's £3.5m home? Nothing I'm afraid. The CEBR analysis with today's stamp duty rates does provide the same answer, again you can't just say it doesn't. Mansion tax leading to an overall reduction in tax revenue is not an error in the calculations, it's an error in proposing a tax that 'someone else will pay'. The numbers show that it does lead to a reduction in overall tax revenue, so at least we agree on something. What you're doing is trying to confuse the basic economic calculation that shows Mansion tax is plain and simply a tax that won't raise a penny for the NHS. Another thing you're correct on though, is that today's rates of stamp duty are very high and do represent a heck of a bill for someone buying a house; all very progressive taxing of those with broader shoulders. |