Monday, September 20, 2010

UK Tax Collectors Want All Paychecks To Be Sent To The Government

Since American socialists are so enamored with European ideas, it seemed like a good idea to show this article to you as an advance warning of what we might expect from the Democrats if they retain power.  Don't forget, we already have a Pay Czar!  Anyone care to wage how long it will take before the Dems take this idea and run with it?

UK Proposes All Paychecks Go to the State First
By Robin Knight
September 20, 2010

The UK's tax collection agency is putting forth a proposal that all employers send employee paychecks to the government, after which the government would deduct what it deems as the appropriate tax and pay the employees by bank transfer.

The proposal by Her Majesty's Revenue and Customs (HMRC) stresses the need for employers to provide real-time information to the government so that it can monitor all payments and make a better assessment of whether the correct tax is being paid.

Currently employers withhold tax and pay the government, providing information at the end of the year, a system know as Pay as You Earn (PAYE). There is no option for those employees to refuse withholding and individually file a tax return at the end of the year.

1 comment:

  1. The FairTax (HR 25) would solve all that garbage andeliminate the IRX to boot and put before Congress a Constitutional Amendment to Constitutionally ban income taxes as we know them (they actually have always been unconstitutional and wer so ruled previously by SCOTUS).