Are property taxes too low or too high? A tweet from The Daily Mail’s Becky Barrow reminded me this week to check just how today’s taxes fare against those in the pre-council tax days.
Becky notes stamp duty hasn’t “always been a rip off”. In 1992, it was charged at a mere 1% on all houses sold for more than £30,000. But the thing about taxes in the UK is that there is usually a good amount of give and take.
The UK’s tax take is always knocking around between 33% and 36% of GDP. That’s rather lower than [...]
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