On Monday 26 March 2007 01:32, ken barber wrote:
> what did you think of the pre-bate idea in the
>
> > fair
> >
> > > tax proposal?
> >
> > I think you know. ;-)
> >
> > Cheers
> >
> > Deri
> >
> > hey deri, promise to read it and give me a mailing
>
> address, and i'll send you a couple of books. get your
> blood pressure way up. -:)

Blood pressure's fine ken. ;-)

And I assure you I have been reading the site (else I couldn't be argueing 
such good points with you). :-)

You brought up a point about tax avoidance occurring under the current system 
(as if this counteracted my point about trivial avoidance strategies). In the 
UK most direct tax is collected under PAYE (the onus is on your employer to 
calculate and collect the tax on your income). We also have self certificated 
tax returns where you declare any income outside your main employment (i.e. 
savings interest, share dividends, self employment etc.) but the bulk of your 
income has already been taxed. 

The off-shore fiddles the rich do are to do with keeping their accumulated 
wealth away from the tax man (not their current income - we all know that 
money makes money - its this "pot" they try to hide). The point I tried to 
make is that, under FairTax, everyone could move the bulk of their main 
income and spending overseas, and the Government would see none of it.

Must clock off now, got a long drive to Winchester first thing.

Cheers

Deri

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