UK Proposes All Paychecks Go to the State First

Discussion in 'Off-topic' started by xls177, Sep 21, 2010.

  1. xls177

    xls177 Member

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    http://www.cnbc.com/id/39265847


    UK Proposes All Paychecks Go to the State First]


    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.
     
  2. BG_Atl

    BG_Atl Active Member

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    Yeah... that'd work well here in the US....
    After the 1st month there would be a 4-6 month back log and
    when we did finally get what was left of our checks (LATE...) we wouldn't
    get paid interest and the government wouldn't have to pay penalties...


    NOT !!! :lol:
     

  3. gruntpain1775

    gruntpain1775 New Member

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    I can see them trying that here though. Only a matter of time...
     
  4. EJR914

    EJR914 Cheezburger Operator

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    I'd put money on it.
     
  5. gruntpain1775

    gruntpain1775 New Member

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    Before or after the State gave it back?
     
  6. zookeper

    zookeper Active Member

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    coming soon to a country near you.
     
  7. EJR914

    EJR914 Cheezburger Operator

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    After, of course.
     
  8. Hock25

    Hock25 New Member

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    We already have tax witholding.
     
  9. BG_Atl

    BG_Atl Active Member

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    Sure... but YOU get to decide how much to give the government (# dependents/pre-tax deductions)...
    This "new and improved" way let's Uncle Sam decide how much he wants and he gets
    pick of the litter to boot...

    Much more efficient - until the IRS tries to implement it..
    should make for an outstanding catastrophe :D
     
  10. AEKDB

    AEKDB New Member

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    Our government already views it as their money. When the recession hit we heard how much it cost the government in revenue. Whenever there are tax cuts we hear how much it will cost the government. When they increase taxes we never hear how much it costs us.