The current tax system is theft & one massive scam.
Let's expose this massive cover up.
There are so many different types of taxes.
- Self taxes
- Covered up taxes
- Hidden taxes
There are taxes that are re-named to con you into thinking they are not a tax.
If this keeps going on the
- Good people
- The people who provide jobs
- Who provide services
- Who earn money in this country
They are all going to leave.
Let’s expose the “Big, fat, tax scam". This is the “unknown money secret”.?
This is where all your money is going.
- A TV licence will currently (Nov 2022) cost you £159 per year.?
- The average household spends £444 per year on subscriptions of which you are taxed.
- You sit down for breakfast which you pay VAT on.
- You get dressed for work in the clothes that you pay VAT on.
- For food & clothing you are paying between 5 - 20% Value Added Tax.
- You leave your house to go to work which is heavily taxed. Not just once but TWICE. Between 250,000 & almost £1,000,000 house, your stamp duty is 5% that that could be a £45K tax on a house that you buy.
- If you buy a million pound house, that’s a 10% stamp duty. 100K on every million.
- Then the council wants to tax you.
- For the privilege of living in that house you will pay £4029 per year council tax.
- Then you get in your car, & your car is taxed every which way.?
- Your vehicle tax can be up to £2,365 per year & a one off fee of £2,000 just to drive the car.
- There is 20% VAT added on to the purchase price of your car. That £4,000 for every 20K of car.
- If you want to buy a car for a company, you can’t do that because you get hit for “benefit in kind” tax, which could be up to 10K per year on a luxury car.
- Then there is FUEL!
- Fuel is currently a flat rate tax at 40% & then the government add the 20% VAT on top of that.
- You want to drive to the city of London. You will be paying?
- congestion charges,?
- toll charges
- New emissions tax
?You get absolutely hammered in tax for working.
- As an employee, you pay between 20 - 45% income tax.
- On top of that you pay National Insurance Tax of another 13.8%
- That is nearly HALF your wages in income tax!
- Maybe you want to set up your own company to avoid these taxes?
- You then have to pay
- Corporation tax which is going up to 25%
- Dividend tax at 38.1% income tax with a top bracket of 45%
- National Insurance for the employer as well as the employee 13.8%
- Pension contributions of at least 3%?
- Business rates on some properties are 62K a year.
- If you want to stay safe from all this nonsense, you will be hit with a 12% insurance premium.
If you want to import or export, there is
Most entrepreneurs see their corporation tax, income or dividend tax & think they are paying around 50%. They are VERY wrong. You are probably paying MINIMUM 70% of your earned income, & your spent income in tax.
- Landfill Tax
- Climate Change Levy tax
- Aggregates tax
- Music Licence tax
- Airport Improvement tax
- Airport maintenance tax
- Airport Passenger tax
- Airport departure tax
- Building Permit tax
- Goods & Services tax
- Environmental tax
- Fishing Licence Tax
- Gross Receipts Tax
- Health Tax
- Luxury Tax
- Marriage Licence tax
- Medi-Care tax
- Retail Sale Tax
- Water Tax
- Workers Compensation tax
- Carbon Tax
If you want to relax from all these taxes:
- Beers
- Wines
- Spirits
- Cigarettes
- Gambling
Can be up to two thirds of the amount you spend on tax.
- There is over 80% of tax on cigarettes?
- There is also 20% a litre sugar tax.
You cannot get away from it.
Want to go on a nice relaxing holiday?
- The “Holiday Pay” that you get from your employer is taxed at the same rate as your income.?
- There is Air passenger Duty from between £13 - £180 per flight.
- There are Tourist Taxes for many countries
- For hotel rooms you can pay up to 30% of the cost of the room in tax.
Maybe this makes you feel like you want to sell some of your stuff to recoup the money.
Any assets you own you will get charged between 10-20% Capital Gains tax.
Don’t even think about dying!
- If you want to die you will pay 40% in Inheritance Tax?
?But don’t worry al these taxes you are paying are going into:?
- Health care - where the NHS is run into the ground & you can’t get an appointment. It is completely under funded.
- Education - many of the schools in the UK are so bad that you have to pay for your kids to go to private school to keep them out of the local schools.
Where is all our money going?
- COVID
- WARS
- VACCINES
- BREXIT
- POLITICIANS
- TRACK & TRACE APPS
- SECOND HOMES
- MICHELLE MONE
The UK government diverted funds from the UK National Lottery for public spending.
The government have imposed multiple tax freezes which are essentially “self tax”.
Massive inflation at a 30 year high & its reducing your spending power.
- Massive quantitative easing
- The government eroding their debt
- This is reducing your spending power even further
Your spending power is at a 50 YEAR LOW.
?The rich are getting richer.
- Not one of these taxes existed 100 years ago.?
- Our Grand Nation was one of the prosperous nations in the entire world.
- We actually had NO national debt.
- We had a large middle class.
- We had a vast manufacturing base
?These taxes are unfair, they are too high.?
- We have new taxes in the form of banking charges.?
- The government needs to find another way to generate the revenue they need because they only know one way & that is to tax on tax on tax.
- Too much tax reduces productivity, it creates apathy, & in the end, all the valuable contributors in the country will leave.
There is ANOTHER WAY to generate revenue.?
This is what we as entrepreneurs have to do.
- As a government you can trade insolently, you can build billions of national debt & continue to trade.
- Entrepreneurs can’t because that’s illegal.
- As entrepreneurs we have to create value, have to produce & INCREASE economy.
The government needs to work with entrepreneurs
- Help them create jobs
- Give subsidies
- Tax breaks
- Support
?So they can grow their enterprises.
- Hire more people so the government can generate more volume of tax.
- More sales so the government can generate more volume of tax
- Reduce the amount of tax you are taking because it’s becoming theft.
- Help entrepreneurs increase the overall economy so the government can have their fair share.
?No one should be paying more than a third of their income & spending in tax.
A third is fair, two thirds is unfair, it's THEFT!
We are getting hit each & every way, something has to change.
Entrepreneur | Marketer Over 10 Years | Retail & Fashion | Building In Public.
1 年Rob, thanks for sharing! Following up!
?? Securing Meetings and Connecting Businesses Since 2005 - Founder & CEO ??
1 年I’m not sure where you were previously Rob Moore but I bl@@dy love the fact you are here now!!!! We are putting up with one massive con and it’s time we all said enough is enough!!!
Helping Insurance Brokers Close More Deals, Faster
1 年It’s definitely a scam and yet there’s little we can do other than leave, or tax avoidance tactics which many don’t even have the option of. Great post, Rob. ??
Principal Designer CDM Lead @ Aegis Services Ltd / BAE SRP
1 年Taxed to the max, how do I avoid the dreaded 40% inheritance tax being robbed off my kids?.