TAXING THE RICH
Sir, Simon Pegg states that he and other well-paid people should pay more tax (Thunderer, Jan 23). Fine and dandy, but he should do it first. Whether in the US or the UK, it is possible to pay more than the legal minimum in tax. Both countries will send thank-you letters. When Pegg shows us his, perhaps we’ll listen to his calls. Until then, I’m not bothering.
Senior fellow, Adam Smith Institute
Sir, Simon Pegg is to be congratulated on his Thunderer. He should start the ball rolling: there are forms from HM Revenue & Customs that facilitate voluntary contributions. He can then let everyone know how he gets on, so as to encourage the rest of the wealthy to follow suit.
That’s not quite what I wrote but still. Elsewhere:
Matthew Lesh, head of research at the Adam Smith Institute, said: “We’ve all had enough of millionaires lecturing the rest of us about not paying enough tax.
“If these hypocrites really want to pay more, the Treasury will happily take their spare dosh.”
Quite so. And my original:
Simon Pegg (https://www.thetimes.co.uk/edition/comment/inequality-will-only-be-tackled-if-the-rich-are-taxed-more-9tnxq7rbr ) states that he and other well paid people should pay more tax. Fine and dandy – you first Simon. I pointed out in these pages in 2006 ( https://www.thetimes.co.uk/article/show-us-your-cheques-bhgb7r22vm0 ) that 5 people had paid more than their legal due to the Treasury in the previous year – and four of those were dead. Whether in the US (the “Gifts to the United States” account) or the UK (“The Accountant, HM Treasury”) it is possible to pay more than the legal minimum in tax. Both will send thank you letters – when Mr Pegg shows us his perhaps we’ll listen to his calls for people like him to pay higher taxes. Until then, well, you should but I’m not bothering as yet isn’t an attractive argument.