Depend on your definition of fair.its not a fair tax as some of you have put it, i will be in the B category but if i was living in a city my house would be valued higher and have to pay more even if i was earning the same whats fair about that.
My definition might be that I get what I pay for in terms of funding local services.
Your definition might be that I must pay in line with what I can afford.
Someone else might decide that people who can afford more expensive houses are wealthier and can therefore pay more.
On a very simplistic level, they all seem like reasonable points. But there are endless examples of how they all conflict.
The only way this tax can be thought of is that as a nation of 4.5m people we need to pay enough tax to fund our expenditure. Taxes / revenues are raised in numerous ways:
- Tax on Earned income from employment
- Tax on Rental Income
- Tax on Dividend Income
- Tax on Deposit interest, coupons from bonds and equity dividends
- Corporation Profits taxation
- VAT on spending
- Capital gains tax
- Capita acquisitions tax
- TV Licence
- Other licence fees
- Profits from state owned organistaions
- Property tax
- Stamp duty
- Excise duty
- Green taxes
- Tolls