28 Aug '11, 2pm

The Patriot Tax

The Patriot Tax

. For those not from UK shores this is a tax that is calculated based on the value of the house you live in (whether renting or the owner). The bands are very wide and thus someone living in a 1 bedroom apartment in Camden Town can wind up paying the same tax as his super rich neighbour in a 5 bed penthouse in Notting Hill. Meanwhile, Billionaire Phil “Tax-less” Green pays no council tax (nor income tax), as he flies in every week from Monty Carlo and stays in a plush London hotel. Or how about if you bought a house many years ago in a working class suburb and retired? Now just because you’re neighbours are all yuppies and the house price has gone up since then you’re living on cat food just to pay off the council tax. It’s basically a horribly unfair tax, the tax equivalent of driving down the street randomly shooting up the place with a scatter gun. A local income tax to...

Full article: http://www.green-blog.org/2011/08/28/the-patriot-tax/

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