Margaret Thatcher Tax Snatcher?

[Barrel of Fun]

My grandfather did everything possible to avoid inheritance tax. Any surplus over the threshold now sits in a charitable trust fund. He put more trust in his sons to spend the money wisely than politicians he was unable to vote for.

 

[St Patricks Day]

He received a 4 year SUSPENDED jail sentence for his involvement in the failed Equatorial Guinea military coup. The captured mercenaries were given 30+ year jail sentences. MI6 and the CIA knew about the coup attempt and agreed with its principle of reform change.

Tony Blair should be in the dock in the Hauge then.

 

[Working class pride]

Lord B, you will be surprised that I like your attitude and "where you come from" but I disagree with the conclusions you reach. Raising tax revenue really is only half the story and the more tax you raise the greater disincentive there is to create wealth. The tax pool is for those that need it not the employee who works for a state run industry. When that attitude starts to change then we will all be better for it. Also if you think that Thatcher closed anything then you are wrong. She just didnt take money from the successful industries to give to the failing industries. You can either agree or disagree with that approach and as I said before, Thatcher getting the credit or blame for a changing post empire economy is as absurd as those who claim that she won the cold war. She didnt, the USSR ran out of money and the world had moved on from Stalin. Why people cant be balanced is beyond me and why kids feel the need to be trendy and leap on an anti Thatcher bandwaggon is beyond me. I also saw a Brighton school teacher making an idiot of herself. Hardly a surprise I know but why on earth she was carrying a flag of communism, a system that imprisoned millions of people I just find sad. The flag she proudly waved is for many eastern european people almost as offensive as the other form of socialism that destroyed peoples lives - national socialism. Of course she clearly doesnt have the brains to work that out but the rest of us and in particular the eastern european community really are tired of trendy bandwaggon jumpers.

 

[Fitzcarraldo]

My grandfather did everything possible to avoid inheritance tax. Any surplus over the threshold now sits in a charitable trust fund. He put more trust in his sons to spend the money wisely than politicians he was unable to vote for.

Excellent. Good on him. I trust he didn't use any of the public services that he was so keen to avoid contributing to?

 

[Doc Lynam]

Tony Blair and George Bush went to war with Iraq because of oil but don't hear you banging on about that.

No because i did that when i went out and marched and protested at the time.

 

[Soulman]

And I dont see what is wrong with avoiding paying as little as possible in tax. People are moaning yet again about maggie but dont moan when these benifit familys take british tax payers to the cleaners.

Well, iv'e always paid my tax, iv'e done a few cash in hand jobs, but very rarely get the time or the enthusiasm to do them these days after working 60 hours.
My parents always worked and payed their taxes as well.
My Dad died in his 40's about 3 months after paying up his mortgage, my Mum like many is getting old and infirm now and does not want to see the proceeds of her home going towards paying to keep her in an old peoples home, so her property was signed over to myself and my brother a few years ago. I think 7 years is the amount of time that the property had to be in our names before it could be used.
My ex wife used to work in an old peoples home, the payers and the non payers got exactly the same rooms and care as each other.
Now bearing in mind that my parents have always paid their own way, they have not relied on benefits for years, and as already stated the actions taken are not against the law.......then to many i am probably as guilty as Thatcher and all the other snouts in the trough ministers from all parties....aren't i.
Well, just to let you know, if this loophole or whatever is still open when i get older, then i will do the same for my children, just look at it as their reward for me working and paying tax all my life, and not dipping into the coffers over the years.

 

[seagullsovergrimsby]

Tony Blair should be in the dock in the Hauge then.

Blood on his hands with several conflicts but he'll never face a War Crimes Tribunal

 

[Thunder Bolt]

Excellent. Good on him. I trust he didn't use any of the public services that he was so keen to avoid contributing to?

Or he could say he wasn't subsidising the MPs bar in the Houses of Parliament or contributing to their many expenses that they claim.

 

[Barrel of Fun]

Excellent. Good on him. I trust he didn't use any of the public services that he was so keen to avoid contributing to?

He paid higher rate tax for much of his working life, only holidayed in the UK and had a private pension and I don't think he ever used a bus pass that he was entitled to. I'm certain he paid his way. Simply his dying wish was for charities to benefit beyond the family.

 

[Fitzcarraldo]

Or he could say he wasn't subsidising the MPs bar in the Houses of Parliament or contributing to their many expenses that they claim.

But that is just one part of the spending of the public purse. I don't think that it would be very wise to withdraw wholly from paying taxes on your dislike of one tiny part of how they are spent. If everyone took that view the vast majority of positive things that they pay for just wouldn't be able to exist. But what would it matter as you have inherited your sheckles, everyone else can go **** themselves, right?

 

[Tom Hark Preston Park]

The interview with the Children Of Thatcher today seemed to be far more about them attempting (badly) to hide their glee at inheriting property than about them mourning the loss of their mother. Nasty party, nasty family.

 

[Thunder Bolt]

But that is just one part of the spending of the public purse. I don't think that it would be very wise to withdraw wholly from paying taxes on your dislike of one tiny part of how they are spent. If everyone took that view the vast majority of positive things that they pay for just wouldn't be able to exist. But what would it matter as you have inherited your sheckles, everyone else can go **** themselves, right?

You've missed my point. MPs take more out of the public purse than the 'spongers' that the press are so keen to decry. Most people receiving benefits are in work.

 

[Westdene Seagull]

Inheritance tax is theft anyway. I'd be amazed if most people don't attempt to exploit loopholes.

Absolutely this. Why should peoples income / property be taxed AGAIN just because they have the cheek to die ?

When soldiers were caught stealing off the dead in WWI they were shot - strange how it's OK for the government to steal from the dead.

 

[Westdene Seagull]

Excellent. Good on him. I trust he didn't use any of the public services that he was so keen to avoid contributing to?

You mean that he helped pay for with the original tax on his income ?

 

[Westdene Seagull]

I find it remarkable that people complain about tax avoidance, especially when we're talking about IHT, when virtually everyone has avoided tax by :

> Going on a booze cruise
> Having an ISA
> Paying into a private pension

Or is the real issue people are jealous when a RICH person avoids paying tax by legal means ?

 

[Don Quixote]

She made her husband a Baronet, what more is there to say about her.

 

[Lord Bracknell]

Lord B, you will be surprised that I like your attitude and "where you come from" but I disagree with the conclusions you reach. Raising tax revenue really is only half the story and the more tax you raise the greater disincentive there is to create wealth. The tax pool is for those that need it not the employee who works for a state run industry. When that attitude starts to change then we will all be better for it. Also if you think that Thatcher closed anything then you are wrong. She just didnt take money from the successful industries to give to the failing industries. You can either agree or disagree with that approach and as I said before, Thatcher getting the credit or blame for a changing post empire economy is as absurd as those who claim that she won the cold war. She didnt, the USSR ran out of money and the world had moved on from Stalin. Why people cant be balanced is beyond me and why kids feel the need to be trendy and leap on an anti Thatcher bandwaggon is beyond me. I also saw a Brighton school teacher making an idiot of herself. Hardly a surprise I know but why on earth she was carrying a flag of communism, a system that imprisoned millions of people I just find sad. The flag she proudly waved is for many eastern european people almost as offensive as the other form of socialism that destroyed peoples lives - national socialism. Of course she clearly doesnt have the brains to work that out but the rest of us and in particular the eastern european community really are tired of trendy bandwaggon jumpers.

You seem to be assuming that I'm one of the bandwaggon jumpers that you are complaining about. I don't think I am. Like you, I judge politicians by the outcomes they achieve. What condemns Thatcher in my eyes is that she didn't have the vision to see the damage that her policies would inflict on whole parts of the nation and mitigate her policies accordingly. I like my politicians to be pragmatic. She wasn't.

 

[Herr Tubthumper]

Anyone who could get away with out paying tax would.

Thatcher's legacy lives on.

 

[Herr Tubthumper]

I find it remarkable that people complain about tax avoidance, especially when we're talking about IHT, when virtually everyone has avoided tax by :

> Going on a booze cruise
> Having an ISA
> Paying into a private pension

Or is the real issue people are jealous when a RICH person avoids paying tax by legal means ?

I think there is a huge difference between someone investing in a government sponsored saving product and this aggressive style of smoke and mirrors avoidance which only rich people truly have access to.

 

[Fitzcarraldo]

You've missed my point. MPs take more out of the public purse than the 'spongers' that the press are so keen to decry. Most people receiving benefits are in work.

I know that. But does that mean that you should just not pay tax at all? Or even pick and choose the taxes you pay? The system wouldn't work if everyone took the view that, say, as they pay income tax and VAT that they shouldn't have to pay a penny more.