We'd raise the rest through cracking down on corporate evasion and through the wealth tax.
Also, the resultant across the board tax cut would potentially produce more revenue, like it did when the bottom rate went from 40 to 20p in the 80's.
(Glucose-Maximus All over the world., Tue 24 Jan 2012, 15:54, 3 replies, latest was 14 years ago)

I justified an opinion with facts. Yay!
(Glucose-Maximus All over the world., Tue 24 Jan 2012, 15:59, Reply)

How do you propose to crack down on evasion moreso than present?

( Light In Chains maker of the ikea sofa, Tue 24 Jan 2012, 16:00, Reply)

Make companies pay every penny they owe, hire more tax inspectors, simplify the tax code.
The way other nations do it.
(Glucose-Maximus All over the world., Tue 24 Jan 2012, 16:02, Reply)

Sounds like hot air
Britain has a relatively efficient tax administration system largely free of the widespread corruption as demonstrated by a number of countries within the EU, let alone the rest of the world
( Light In Chains maker of the ikea sofa, Tue 24 Jan 2012, 16:06, Reply)

I'm using many of the Anti-Cuts protesters arguments here but using them to say reduce tax
rather than "Maintain/Raise public spending".
(Glucose-Maximus All over the world., Tue 24 Jan 2012, 16:08, Reply)

a stick wityh some poo on the end

( Naked Ape call me Caitlyn, Tue 24 Jan 2012, 16:02, Reply)

Hahahaha

( Monty Boyce, My cheese game is strong, Tue 24 Jan 2012, 16:31, Reply)

How do you propose to measure everyone's 'wealth'?
Maybe everyone in the country can fill in a form every year.

And then HMRC could recruit 10s of 1000s of staff to process them all.

Oh wait a minute, this isn't really simplifying things, is it?
(Reverend Fister "a disciplined fuckwit", Tue 24 Jan 2012, 16:03, Reply)

Fair enough.
Maybe leave that part out.
(Glucose-Maximus All over the world., Tue 24 Jan 2012, 16:04, Reply)

So therefore you can't raise the funds to remove half the country from taxation.
jelly.b3ta.com/questions/offtopic/post1510405
(Reverend Fister "a disciplined fuckwit", Tue 24 Jan 2012, 16:05, Reply)

Raise other taxes then.
Maybe put a 60% tax on all income above 250k a year or thereabouts.
It would be the same as Denmark then.
(Glucose-Maximus All over the world., Tue 24 Jan 2012, 16:07, Reply)

You're just guessing with numbers here
Taxing a relatively small number of people earning over £250K at 60% will not make up for removing millions of people from taxation altogether.

Plus of course people on £250K p.a. probably already employ accountants to help to minimise their exposure in the first place.

Your numbers, such as they are, don't add up.
(Reverend Fister "a disciplined fuckwit", Tue 24 Jan 2012, 16:13, Reply)

They wouldn't would they.
It is only something that took 15 seconds to think up.
I didn't expect a full cost analysis.
If it really could increase the defecit I'd not do it.
(Glucose-Maximus All over the world., Tue 24 Jan 2012, 16:14, Reply)

Ok, so you're talk pish then?
We agree.
(Reverend Fister "a disciplined fuckwit", Tue 24 Jan 2012, 16:24, Reply)