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Tax ideas - bound to irritate somebody

As long ago as the 11th century unfair taxes were irritating the British. David Challice passes on a story about taxes that may amuse you -

Ten old friends met for a drink every weekend at the pub. They usually spent £100, and they worked out a system. The first four paid nothing. The fifth paid £1. The rest paid more according to their wealth. The tenth (the richest) paid £59

One day the landlord came up to them: "I've been thinking. You're good customers – from now on I'm going to cut your bill by £20. Beer for the evening will now cost £80.?

They kept the same rules for paying their share, so the first four still paid nothing. The rest divided the £20 windfall in a fair manner: They decided to reduce the remaining six shares by the same amount. For example, the seventh man now paid £5 instead of £7. The ninth paid £14 instead of £18. The tenth man (the richest) paid £49 instead of £59.

When they got outside, the seventh man started to complain: 'I only got £2 out of that extra £20. And the eighth man joined in: "That's right. I only got three quid back when he - pointing to the richest man, got £10 – it's not fair. The rich get all the breaks!” The four poorest then chimed in: “The system exploits the poor. We didn’t get anything at all”.

The nine of them surrounded the tenth and beat him to a pulp. Next week he didn’t turn up. So the rest of them sat down for an evening’s beer. When the bill came they couldn’t raise enough cash to pay it.

To quote Professor David Kamerschen, Professor of Economics at the University of Georgia: “And that, boys and girls, journalists and college professors, is how the tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they may just not show up anymore. In fact they might start drinking overseas where the atmosphere is more friendly”.

Please remember that there is no such thing as “Government Money” or “EU Funding”. It all comes from the pocket of somebody who made it in the first place.

The Bruges Group has some fascinating and horrifying reports about EU taxes and operations planned for British citizens.