>>824840>£460/monthActually, since the median income is £33,000 and so the median income tax is £6,600, it would be £540/month extra, and prices would be raised 25% not 35%.
>>824844If you give people more money, they spend it, they don't save it.
>>824845Landlords do not charge VAT in the UK.
There are different exemptions currently put on food and drink too:
https://www.gov.uk/guidance/food-products-and-vat-notice-70114So you can scale things however you like.
>purchasing powerAgain, I am working with the controlled statistic that consumption is at the same rate, which thus grants people £6,600 more per year. If we then cut £6,600 by 25% we get £5,000. So, that's £5,000 extra in total.
>>824847How? As I have explained, the upper margin of VAT currently comes from luxury spending. If instead of paying £1,200,000 you were to pay £1,500,000 (which you can afford by having no income tax), the state would receive £300,000 more, which cuts into the rich, at the same rate.