Party manifesto pledges on tax

Conservative: no increase to income tax, corporation tax, or VAT. Gradually phase out National Insurance 😐

Labour: no increase to income tax, corporation tax, or VAT. Extend Energy Profits Levy. Abolish tax relief on private school fees 😐

Lib Dem: restore Bank Levy to 2016 levels; sewage tax on utility company profits; increase Digital Services tax 😕

Reform UK: increase income tax threshold to £20K; inheritance tax threshold to £2 million; abolish VAT on energy bills; reduce fuel duty by 20p per litre 🤪

Green: Wealth tax of 1% on £10 million +, 2% on £1 billion +; equalise corporatiin and inheritance tax; new carbon tax . .

. . plus instructions on how to recycle their campaign leaflet into an "origami hat" 🤣🤣🤣

I think I know where my vote is going 🤠

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ninalanyon · 61-69, T

I'd be more impressed if any of the parties proposed to reform the tax and benefits system so that the effective tax rate increased monotonically with income and that all income were taxable. Doing this could simplify both the tax system and the benefits system and remove the problems that people have when earnings exceed a threshold and a benefit vanishes.

But I suspect that none of the candidates know what monotonicity is.

SunshineGirl · 36-40, F

@ninalanyon Income tax has somehow become a sacred cow and politicians of all colours are terrified to talk about reform.