And it\’s not a pretty sight:
We actually only own our post tax income: the tax we owe must belong to the state.
Dear God, please, someone get out the Janet and John book of logic would you?
So, when HMRC comes along asking for me to pay my tax bill. Do they ask me to hand over someone elses\’ property to them in settlement of it?
Err, no, I don\’t think they do actually. In fact, I rather think that I would be sent to jail if I attempted to hand over R. Murphy\’s property in settlement of T. Worstall\’s tax bill.
HMRC rather wants me to hand over my property in exchange for the benefits of government. Indeed, they\’re rather known for insisting that people cough up property that they own free and clear (you know, the odd house, share portfolio etc) to pay off tax bills.
In fact, I\’m sure we could find court orders about this. \”Mithering Terrace, being the property of T. Worstall, is now forfeit to HMRC in payment of a tax debt.\”
The wording might change, but the basic idea will be there: even HMRC agree that it\’s the property of someone else that HMRC are claiming.