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#1
posted to rec.boats.cruising
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gas info that i found....(OT)
"Larry" wrote in message ... "Dennis Pogson" wrote in news:wW0Dk.154590 : That is what living in rip-off Britain is like just now. Dear UK taxpayer: Please sit and read this document concerning taxation of the multi trillionaire foreigners in the City of London Corporation. http://www.parliament.uk/documents/u...tyofLondon.pdf If your blood doesn't boil, you have none.... Explanation for US citizens - Definition of an RND - A foreigner who lives here in UK but elects not to pay UK taxes, as distinct from we poor buggers who were born here but cannot so elect not to pay taxes. The present so-called Government recently came under pressure to increase the threshold at which Inheritance Tax (introduced to tax the very wealthy on death of said very wealthy, and set at 40% of inherited asset valuation) came to be due. This tax used to be called Death Duty until the lords and ladies of the manor found a way to raise the tax due by filling their mansion grounds with lions, tigers and elephants and charging the public obscene fees to come and view same, thus becoming liable to business tax, but generating sufficient income to pay the Death Tax when it became due. Nothing wrong with that. The huge increase in property valuation in recent times was causing the not-so-wealthy to be dragged into the IHT net, myself included, as I own a 3-bedroom apartment (regarded as obscene profigacy by the present government) valued at around £370,000, but reducing in value daily these days. I had calculated that on the death of myself and my wife, my kids would have to fork out around £80,000 in IHT, and sell the property, before they could enjoy what was left of the fruits of my lifelong labours. This all changed when our Opposition Party stated that, if elected, they would shove the threshold up to £1m, thus releasing many millions of our middle classes from this fiasco. The Labour Government immediately reacted by effectively doubling the threshold (it's a bit more complex than this, but the effect is as stated), and in order to balance the books, they would put a £30,000 levy on all registered non-domiciles. (There must have been one helluva lot of RND's to balance the loss of IHT caused by doubling the threshold). Released from this burden, I immediately went out and replaced my ten-year-old BMW and indulged myself in a feast of spending, visiting restaurants frequently and even looking at the odd yacht or two, although it must be said I find sailing on other peoples' boats much more satisfying! £30k is peanuts to most of these foreigners, the Russian guy who owns Chelsea Football Club tips this amount in restaurants and taxis, and yet the the CLC are mounting a campaign against the levy on the grounds that not every foreigner living here, but exempt from paying UK taxes, is wealthy. Sounds like an invitaion to re-calculate the levy, starting at say £5m for foreigners who have tangible assets of £100m+ down to £5k for the guys who are just here for the enhanced sex life the UK can supply. I can fully sympathise with our US counterparts who find the present proposals to pass $700b of taxpayers' money on to the very people who have gotten us all into this mess totally unacceptable! BTW, what as all this got to do with cruising? Dennis. |
#2
posted to rec.boats.cruising
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gas info that i found....(OT)
"Dennis Pogson" wrote in news:FvnDk.11602
: although it must be said I find sailing on other peoples' boats much more satisfying! Me, too! My friends send me to fetch the boat and use the boat's own credit cards to pay the awful yard bills. Just reading a yard bill every once in a while cures me of wanting a sailboat for my own. My English friend Geoffrey handed me a very nice ballcap with "CAPTAIN Larry" nicely embroidered on it, as a gift. I thank him but told him I didn't want to wear it aboard because I thought he was looking for someone to blame next time something bad happened....(c; When one of the yachties greets me with , "Good morning, Captain" on the docks, I tell them I'm just the "Third Mate Engineering", not the captain. I'm not responsible....er, ah....unless the radar crashes. |
#3
posted to rec.boats.cruising
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gas info that i found....(OT)
"Dennis Pogson" wrote in news:FvnDk.11602
: BTW, what as all this got to do with cruising? After the price of Gold clears $1500/oz and fuel doubles from the $700B inflation bailing out the bankers will cost us in prices (but not wages, of course), noone will be able to afford a boat or cruising.....making this VERY on topic! |
#4
posted to rec.boats.cruising
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gas info that i found....(OT)
On 2008-09-27 06:01:08 -0400, "Dennis Pogson"
said: BTW, what as all this got to do with cruising? Surprisingly much. Some pay attention and cash out, slash the lines, at what we perceive the "top". My first SCUBA instructor had been a Canadian securities trader, but cashed out at the mid-80's peak and comfortably retired to the BVI in her 30s. Not unexpectedly, I found her to be amazingly intelligent as well as quite cute. -- Jere Lull Xan-à-Deux -- Tanzer 28 #4 out of Tolchester, MD Xan's pages: http://web.mac.com/jerelull/iWeb/Xan/ Our BVI trips & tips: http://homepage.mac.com/jerelull/BVI/ |
#5
posted to rec.boats.cruising
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gas info that i found....(OT)
Jere Lull wrote:a Canadian securities trader, but
cashed out at the mid-80's peak and comfortably retired to the BVI in her 30s. Not unexpectedly, I found her to be amazingly intelligent as well as quite cute. Both unusual qualities in a Canadian eh? Cheers Marty |
#6
posted to rec.boats.cruising
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gas info that i found....(OT)
On 2008-09-27 17:14:24 -0400, Marty said:
Jere Lull wrote:a Canadian securities trader, but cashed out at the mid-80's peak and comfortably retired to the BVI in her 30s. Not unexpectedly, I found her to be amazingly intelligent as well as quite cute. Both unusual qualities in a Canadian eh? Not at all. The double-negative of "not unexpectedly" might have tripped you up on a quick read. -- Jere Lull Xan-à-Deux -- Tanzer 28 #4 out of Tolchester, MD Xan's pages: http://web.mac.com/jerelull/iWeb/Xan/ Our BVI trips & tips: http://homepage.mac.com/jerelull/BVI/ |
#7
posted to rec.boats.cruising
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gas info that i found....(OT)
Jere Lull wrote:
On 2008-09-27 17:14:24 -0400, Marty said: Jere Lull wrote:a Canadian securities trader, but cashed out at the mid-80's peak and comfortably retired to the BVI in her 30s. Not unexpectedly, I found her to be amazingly intelligent as well as quite cute. Both unusual qualities in a Canadian eh? Not at all. The double-negative of "not unexpectedly" might have tripped you up on a quick read. 'twer a jest Jere, if you examine my headers, (maybe my head too) you'll no doubt discern that my posts originate with a Canadian ISP.. Cheers Marty (who also sails a fine Canadian vessel from Canadian Sailcraft) |
#8
posted to rec.boats.cruising
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gas info that i found....(OT)
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#9
posted to rec.boats.cruising
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gas info that i found....(OT)
On Sun, 28 Sep 2008 05:19:47 +0000, Larry wrote:
Marty wrote in news:Aq6dnbze_ : Both unusual qualities in a Canadian eh? Absolutely NOT! There are beautiful Canadians laid out on Myrtle Beach all summer and into late fall! Besides, even the ones who aren't so beautiful bring lots of LOONIES with them! Bring.uing loonies to where you are located is bringing coals to Newcastle. |
#10
posted to rec.boats.cruising
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gas info that i found....(OT)
On Sun, 28 Sep 2008 09:48:30 -0400, Gogarty
wrote: In article , says... On Sun, 28 Sep 2008 05:19:47 +0000, Larry wrote: Marty wrote in news:Aq6dnbze_ : Both unusual qualities in a Canadian eh? Absolutely NOT! There are beautiful Canadians laid out on Myrtle Beach all summer and into late fall! Besides, even the ones who aren't so beautiful bring lots of LOONIES with them! Bring.uing loonies to where you are located is bringing coals to Newcastle. Uhhmmm... loony is the colloquial name for the Candian dollar. The coin has a loon on it. Yes, I know. It was a joke, silly. |
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