Be thankful I don't take it all. 'Cause I’m the taxman

UK Proposes All Paychecks Go to the State First

Excerpt:

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.

If the real-time information plan works, it further proposes that employers hand over employee salaries to the government first.

"The next step could be to use (real-time) information as the basis for centralizing the calculation and deduction of tax," HMRC said in a July discussion paper.

HMRC described the plan as "radical" as it would be a huge change from the current system that has been largely unchanged for 66 years.

Comment: Consider the lyrics of the Taxman!

If socialized medicine is so great ....

Then explain this:

U.K. Cancer Death Rate Is 38% Higher Than In U.S.

Excerpt:

As the Congress prepared to vote to let us enter the world of waits for doctors, waits for specialists, waits for testing and waits for surgery, radiation and chemo, we should pause to consider the relative records of the private medical care system in the United States with the socialized system in the U.K.

In 2008, Britain had a cancer death rate 0.25% while the United States had a rate of only 0.18%. The UK cancer death rate was 38% higher than in the United States.

The Guardian, the UK’s left wing daily, estimated that “up to 10,000 people” are dying each year of cancer “because their condition is diagnosed too late, according to research by the government’s director of cancer services.” While many people die because of late detection due to their own negligence, there is no reason to believe this self-neglect is more common in the UK than in the US.

In Canada, the cancer death rate is 16% higher than in the United States.

Brits more 'Debt-Gorged' than Yanks!

Debt-Gorged British Start to Worry That the Party Is Ending

Excerpt:

As the United States economy weakens, many Americans are being overwhelmed by personal debt, but Britons are even more profligate. For most of the last decade, consumers here went on a debt-financed spending spree that made them the most indebted rich nation in the world, racking up a record £1.4 trillion in debt ($2.8 trillion) — more than the country’s gross domestic product.

By comparison, personal debt in the United States is $13.8 trillion, including mortgage debt, slightly less than the country’s $14 trillion G.D.P.

And while the Federal Reserve in Washington has cut interest rates, in an effort to loosen lenders’ grip on credit, the Bank of England’s interest rate increases last year are trickling through to mortgages at the very time home values are dropping and banks are becoming more reluctant to lend.

Comment: Hard to believe another nation could be more addicted to debt than the U.S.!