Thread: Taxed.
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Old 14-08-2006, 14:54   #19
West Ender
Passed away 25-11-09
 
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Re: Taxed.

You are taxed from the day you are born. You may not pay income tax, unless you have a considerable income from birth, but everything you buy with your bit of pocket money has been subject to VAT somewhere along the line.

You can't vote until you are 18 (it was 21 in my day) but you can drive a car. Every time you put a litre of petrol in that car you are paying tax, even if you're a student or unemployed and not paying income tax. You buy a CD, a DVD, an i-pod, a pair of jeans, it's all subject to tax.

I do think, however, that the present tax rates and allowances should be altered. A personal allowance of £10K a year would mean a lot of young people wouldn't be taxed and a top rate of 50% for earnings over £100K a year would make up for much of it.
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