The term "may or may not be" which you used, translates to the same as saying "maybe". Ffs are you really this dense? That you would argue such a basic point because you couldn't find anything else in my post to contradict? And something else for you to ponder on. Do you ever wonder why the ppl in your life try to avoid you... at great length? Could it be because you're such a dull, boring and pedantic ****, whose head is so far up his own arsehole you've never seen the light of day?
Inflation rates over the past 15 yrs supposedly caused by the BoE and supposedly preventing successive tory governments from raising income tax bands. Compared with the previous 15 yrs when by some fantastic miracle we had no problem raising income tax bands Oh and the astronomical figure in 2022 apparently had nothing to do with the rise in energy and fuel prices caused by the Ukraine war, the disruption to supply chains caused by Brexit, and the clusterfck that was Liz Truss and Kwasi's financial management of the country's ecomony peddled by the lunatic Tufton Street mob Welcome to the world according to Quatermoonoid
Clearly you have no idea what property is worth in the South East. When one half of the couple dies the remaining one only has £325k of threshold. Go and look on one of the property websites and see what houses cost. Since so few people actually pay inheritance tax, surely it is pointless having it as it probably costs as much to administer as it raises in many cases. Inheritance tax in its current form was introduced by the failing Labour government of the 1970s, the old dinosaurs under Harold Wilson envious of the wealthy. According to the IFS, with fiscal drag, it would raise £15bn at today’s prices in ten years time, double last year’s take.
You have not been a brain dead cretin all your life because you are not dead yet. You are arguing with yourself. What I posted was, effectively, that the 96 per cent figure was irrelevant.
Amazing how the brain dead on here manage to make arguments about the tax system that leave out all of the salient facts that do not fit their narrative. Income Tax thresholds were frozen in 2021/22 by the then Chancellor Rishi Sunak. That freeze was due to last until 2026 but has now been extended until 2028 by Jeremy Hunt. The main rate of income tax has been 20 per cent since 2008 and tax thresholds changed every year between 2010/11 and 2021/22 except for 2020/21. In that time, only the Additional Rate threshold (payable above £150k) has not changed. In the world of the brain dead, inflation was only above the Bank of England target rate of 2 per cent nine times in eleven years whilst in the previous fifteen years it was above target twelve times. In two of the last three years it has spiked with no figure available for 2023. The Bank of England only started printing free money in 2008 after Gordon Brown had bailed out the banks that he failed to regulate. Free money keeps inflation low but eventually somebody has to pay for it. The calamitous handling of the plague by Boris and Rishi, with two years of profligacy, has resulted in the inflation rate spiking and the Bank of England reacted too slowly, unlike the US Federal Reserve. In the world of the brain dead, inflation was caused by Brexit and Liz Truss but that is the brain dead for you – no understanding of how economies work.
Everyone knows what properties cost yet, again, amazingly, a small % pay it as there’s a generous zero rate band. If you scrap something that by definition only affects the wealthy then that gap has to be plugged somehow. I suppose your solution is something something fewer benefits, something something immigrants.
We must ignore the 96% because it doesn't fit the argument. Something about "probably" a sizeable number in the South East. Good old Brexit philisophy. Ignore the facts go with what you believe
