Caprelous 217 Posted June 20, 2012 Report Share Posted June 20, 2012 Whats it actual value Direct taxation for those on higher incomes 30p off 20p of VAT on everything you purchase. 35p in petrol duty I am up to 85pin taxation so far there obviously are other indirect taxes not mentioned, anyone care to add a few more and tot them up. My way of thinking its probably going to be around 5p. Quote Link to post Share on other sites
Born Hunter 17,907 Posted June 20, 2012 Report Share Posted June 20, 2012 is it not a bit of a daft calculation? It depends entirely on how you spend your unit of currency and how you earnt it (income tax). Quote Link to post Share on other sites
paulus 26 Posted June 20, 2012 Report Share Posted June 20, 2012 tax comes off before the vat so the vat amount would be 14p not 20p Quote Link to post Share on other sites
PlasticJock 539 Posted June 20, 2012 Report Share Posted June 20, 2012 Stu, I think it's about 5p because that's the value of the metal it's stamped onto! Quote Link to post Share on other sites
whippet 99 2,613 Posted June 20, 2012 Report Share Posted June 20, 2012 i think its a (to intelligent conversation for me to join in) Quote Link to post Share on other sites
Ratreeper 441 Posted June 20, 2012 Report Share Posted June 20, 2012 £1=£1 and always will. What you can buy with that £1 is the only thing that will change. With taxes, if a loaf of bread is £1 and 20% tax does that make the bread worth 80p? If it were 50% tax then is the bread worth 50p? No to both, it is worth £1 imo. 3 Quote Link to post Share on other sites
tsteve9999 456 Posted June 20, 2012 Report Share Posted June 20, 2012 Council tax Whats it actual value Direct taxation for those on higher incomes 30p off 20p of VAT on everything you purchase. 35p in petrol duty I am up to 85pin taxation so far there obviously are other indirect taxes not mentioned, anyone care to add a few more and tot them up. Council tax, Tv licence, parking charges, and tax on savings are a few more. Quote Link to post Share on other sites
ralphg 1 Posted June 20, 2012 Report Share Posted June 20, 2012 I think the question is slightly wrong. It shouldn't be "what's it worth" (as has been pointed out, a £1 is worth a £1), but "how much of it do you get to spend". Things that come out of your earnings that go to the government and local authorities... NI Income tax VAT IPT Fuel duty Alcohol duty Tobacco duty Gambling duty Air passenger duty Council tax Stamp duty ... and finally death duty Quote Link to post Share on other sites
Malt 379 Posted June 20, 2012 Report Share Posted June 20, 2012 I think the question is slightly wrong. It shouldn't be "what's it worth" (as has been pointed out, a £1 is worth a £1), but "how much of it do you get to spend". Things that come out of your earnings that go to the government and local authorities... NI Income tax VAT IPT Fuel duty Alcohol duty Tobacco duty Gambling duty Air passenger duty Council tax Stamp duty ... and finally death duty So after reading that, you're probably in debt to the government before you even spend your pound! Quote Link to post Share on other sites
stop.end 4,082 Posted June 20, 2012 Report Share Posted June 20, 2012 oh and of course dont forget the new "DEATH TAX" which has just been brought into law in 2012.... just incase you actually had anything left to give your family........ they want that tooo....fcuk this...lol.... Quote Link to post Share on other sites
scothunter 12,609 Posted June 20, 2012 Report Share Posted June 20, 2012 Eh cares when u dead ! Quote Link to post Share on other sites
Caprelous 217 Posted June 20, 2012 Author Report Share Posted June 20, 2012 £1=£1 and always will. What you can buy with that £1 is the only thing that will change. With taxes, if a loaf of bread is £1 and 20% tax does that make the bread worth 80p? If it were 50% tax then is the bread worth 50p? No to both, it is worth £1 imo. £1=£1 and always will. What you can buy with that £1 is the only thing that will change. With taxes, if a loaf of bread is £1 and 20% tax does that make the bread worth 80p? If it were 50% tax then is the bread worth 50p? No to both, it is worth £1 imo. Cant see the logic in that. I was in a shop the other day and a chap came in and said how much is a loaf of bread the bloke behind the counter said its £1.61 for a standard loaf . The bloke said get stuffed the shop down the road his breads 98p but they dont have any as they have sold out. The bloke behind the counter replied well when we havent got any and sold out ours are 98p as well Quote Link to post Share on other sites
foxfan 479 Posted June 20, 2012 Report Share Posted June 20, 2012 A pound is worth . . . . Nothing, nada, zilch, zero, its accepted as a unit of currency because we all believe in its value in exchnge for goods and services but its actualy backed by nothing. If a group of people set up their own community and decided to use acorns as a means of exchange it would be no different. 3 Quote Link to post Share on other sites
scothunter 12,609 Posted June 20, 2012 Report Share Posted June 20, 2012 Well send me your worthless pounds Lads. Ill take as many as you wanna send Quote Link to post Share on other sites
stop.end 4,082 Posted June 20, 2012 Report Share Posted June 20, 2012 http://cuthulan.wordpress.com/2010/01/07/uk-government-blackmailed-into-war-blair-covers-mps-paedophile-ring-and-the-dunblane-massacre/ would you trust these people???? i know i sure dont Quote Link to post Share on other sites
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