Proof (if needed) that the tories are see you next tuesdays of the highest order

1974 - 75 Income Tax basic rate 33% VAT std rate 8%

2014 - 15 Income Tax basic rate 20% VAT rate 20%

These figures are supplied vi a the ICAEW (Chartered Accountans)

The vast majority of the shift from direct to indirect taxation has come from the Tories

Indirect taxation has a more pronounced effect on those on lower incomes - that is indisputable.

Sad state of affairs when the opposition party cannot get this message across.
If they did they'd surely win every election - or do the media have so much control over the populace that they believe this shift in taxation is a good thing?

 

1974-75 Inflation 27.9% Interest Rates 7.5%

2014-15 Inflation 0% Interest Rate 0.5%

Not getting into the politics, but statistics can be looked at from many angles.

 

There was also a higher rate of vat of 25% which applied to most consumer goods.

NI rates were also 5.5% employee and 8.5% employer... now 12% and 13.8% respectively.

 

V good post. Whilst not defending the current party in any way I have read so much one sided ***** (from both camps) on here that makes me wish people stuck to football.... Something we all can agree on, all the time

Bring on transfer rumours, friendlies and the start of next season.

Make sure your elected mp's hear your thoughts, fight for your cause, and earn their salary. And then join whichever party you support, campaign on their behalf, and hope to make a difference that way.

 

So - Could it be a reasonable assumption:

Total tax on employee's wages (mixed up and hidden in various guises )- 1974 - 75 around 46%
Total tax on employee's wages Now - around 46%

VAT then - a combination of 8% and 25% - but probably averaging around 20%
VAT now - mostly around 20%.

Well - I see that as definately undeniable proof and concrete evidence that any politician is a cntu. Why don't they just simplify the hell out of it and save 1% in the process and either spend it on new teeth for pensioners or give it me back in my pay packet - or buy some more tanks.

Instead of paying the bloody accountants who I imagine dreamt up the scheme in the first place.

 

This.

You can make statistics say whatever you want them to. You could easily argue that there's been a reduction in indirect taxation (because the higher rate has been abolished and a new reduced rate introduced) and an increase in direct taxation, of which more is borne by the employers. But that wouldn't fit into the anti-conservative agenda.

In any case, Labour have been in power for significant period since then and haven't reduced indirect taxation. I'm not defending the conservative government, I just think your argument is completely flawed and certainly doesn't constitute "proof".

 

The point I was getting at is this:

The burden of taxation, as a proportion of income has disproportionately fallen on those with lower incomes.

Most people are consumers and hence pay VAT - increase VAT and the people with lower disposable incomes pay a proportionately higher amount.
People on minimum wage and part-time workers will, generally, pay no or little income tax, but do, as end users pay VAT

Now I'd like to see HM's opposition get this point across to the whole nation.
The Tories (incl the press) like to say Labour has lurched to the left - I don't bloody think so - if anything they have lurched to the right!

 

Vat was reduced under labour from 17.5 % to 15% for the period 1st Dec 2008 to 31st Dec 2009.

 

And it's now at 20%

 

http://www.theguardian.com/money/2014/jun/16/british-public-wrong-rich-poor-tax-research

 

I didn't dispute that.

All I have done is quote the full tax rates as a comparison. I haven't passed a comment as to the fairness of the tax rates charged.

 

remember that on many goods,cigs,booze and fuel in particular we also have duty which pulls in a massive amount of revenue.