Thursday, November 27, 2014

Mansion tax would affect just four families in every thousand

If you own a £2million home you can afford to pay the Mansion Tax to help save the NHS. As Ed said it's Pure and Simple

Amazing that the Tories think its okay to throw poor people out of their homes if they can't pay the bedroom tax but want rich millionaires to to pay less income and property taxes.

Check out the truth about the tax here. I know that some have genuine concerns about this policy but I cannot wait for a Labour Government to introduce this measure. The report below shows that it will only affect 4 families in every 1000.  I am bothered about the needs of the many and not the rich. It is simply about time that the rich and wealthy in this county paid their fair share of taxation.

"A study compiled for the Evening Standard newspaper suggests that Labour’s proposed mansion tax would only be paid by 110,000 households, of which 86,000 would be in London.

This needs careful examination, as there is obviously a concerted campaign going on against this proposal.

First, DCLG statistics suggest that there are 27.7 million homes in the UK. The Mansion Tax would be levied on a small minority of very expensive properties worth more than £2 million. 110,000 households equates to 0.4 per cent of the UK total – just four households for every thousand.
Second, despite misinformation to the contrary, there is actually a very close association between owning a house worth £2 million and having a very high degree of income and other forms of wealth. In blunt terms, a mansion tax would be a tax on the rich".

hat tip stronger unions Paul Sellers

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