BrikoXM to Interesting Global [email protected]English • 11 months agoEU-funded report calls for wealth of super-rich to be taxed, not incomewww.theguardian.comexternal-linkmessage-square30fedilinkarrow-up1254arrow-down15file-textcross-posted to: [email protected][email protected]
arrow-up1249arrow-down1external-linkEU-funded report calls for wealth of super-rich to be taxed, not incomewww.theguardian.comBrikoXM to Interesting Global [email protected]English • 11 months agomessage-square30fedilinkfile-textcross-posted to: [email protected][email protected]
Archived version: https://archive.ph/NxGxS Archived version: https://web.archive.org/web/20231023182356/https://www.theguardian.com/business/2023/oct/22/eu-funded-report-calls-for-wealth-of-super-rich-to-be-taxed-not-income
minus-square@[email protected]linkfedilinkEnglish6•11 months agoI think that’s crazy I also think that’s crazy. In the UK we pay stamp duty, a one time tax when you buy property. It’s much more if it isn’t your primary residence
minus-square@[email protected]linkfedilinkEnglish4•11 months agoYou pay council tax. It is a different way of collecting the same tax.
minus-square@[email protected]linkfedilinkEnglish1•11 months agoCouncil tax doesn’t pay for any of the things that property taxes do. The USA also has separate taxes for bin collection etc
minus-square@[email protected]linkfedilinkEnglish3•11 months agoYou’re paying for local services and the amount you pay is based on the value of your home. HTH
minus-square@[email protected]linkfedilinkEnglish1•11 months agoYea but notably property taxes pay for schools in the USA, council tax pays for roads, lights, bins etc In the UK you don’t get to go to a better school just because your house costs more money
I think that’s crazy
I also think that’s crazy. In the UK we pay stamp duty, a one time tax when you buy property. It’s much more if it isn’t your primary residence
You pay council tax. It is a different way of collecting the same tax.
Council tax doesn’t pay for any of the things that property taxes do. The USA also has separate taxes for bin collection etc
You’re paying for local services and the amount you pay is based on the value of your home. HTH
Yea but notably property taxes pay for schools in the USA, council tax pays for roads, lights, bins etc
In the UK you don’t get to go to a better school just because your house costs more money
It’s typically about 5% here