The Mudcat Café TM
Thread #161908 Message #3851600
Posted By: Dave the Gnome
21-Apr-17 - 08:11 AM
Thread Name: BS: UK General Election
Subject: RE: BS: UK General Election
It doesn't ignore anything, Nigel. There is no mention of those other things because they are not required. I have kept it simple to demonstrate that those on lower incomes pay a higher percentage of their disposable incomes in VAT.
Let us make it even simpler.
If my disposable income is £1000 and I pay £10 in VAT on goods and services I have used 1% of my disposable income on VAT.
If I purchase the same things yet have only £100 disposable income I have used 10% of my disposable income on VAT.
It really is quite simple. Now, can you tell me how someone who has more money pays more in VAT on the same goods and services?