Should pocket money be taxed?

[????]

Just came to me randomly like....

Would learn them early about the man

They could moan like buggery about me wasting their hard earned on things like Stella

I was thinking maybe 20% for the little fella (currently on ?4 a month gross) and 40% for me princess (?6 per calender month) - though I might make hers 50% to punish her for her contribution to sweet inflation on Northcross Road and to rebuild my beer fridge contents

[Moos]

Be careful that they don't shrug and say 'my pocket money should have funded your pension' in a few years...

[????]

...I see that in their eyes at the top of the climbing frame at the Herne every Saturday Moos

....them at the top of it not me, to be clear

[Moos]

Cruel little buggers, ain't they.

[woofmarkthedog]

Sew up their pockets I say.

Anyway ask for a discount if you're paying them "cash".

[Moos]

They have pockets? Mine just assumes I will carry everything he needs, it's like being a lady-in-waiting.

[Brendan]

I actually have friends (a brother and sister) whose dad did that when they were growing up, well teenagers at least. He paid each of them quite an amount at the beginning of each month and then deducted school fees, transport, savings, university fund etc.

Funnily enough he?s not the money obsessed skinflint you would expect. Actually quite a chilled out generous guy.

[bigbadwolf]

I never had to pay any tax or V.A.T on any money gifted to me by my parents (?1 a week) but if I didn't look left and right when crossing the road I'd have 10p deducted from my sweetie fund.

It was a hard knock life.

[woofmarkthedog]

You must have perfect teeth then ?

[Ted Max]

Put them on self-assessment, Quids, warning them they will need to put a bit by each month for the taxman. Then leave them notes at various times of the year reminding them that if they miss the deadline for completing the form they'll be subject to incremental penalties.

After all that, 18 months after they've submitted their form and payment has been agreed, send them a huge rebate. Then demand repayment of the rebate, that was paid in error. Then give them a phone number in Scotland to call if they have any queries.

[bigbadwolf]

I liked sweets, and I didn't like being denied them either. I still had to brush my teeth though.

[HonaloochieB]

Actually Quids it'd be an opportunity to teach them history and pop at the same time.

Tax 'em on a 'one for you, nineteen for me' basis.

Make sure you have the 'life's not fair' speech lined up.

If their squeaks of protest become intolerable put your fingers in your ears and chant "Paul was the walrus" over and over again.

I wouldn't do it public though, some of these mental health professionals can be duecedly nosey, not to say offensive.

[Ted Max]

He might need to buy them a stately home as well. For the lazing in. I make no comments about likely availability of a big fat momma.

[HonaloochieB]

I don't see the BFM sticking around for too much longer, not now the yacht's gone.

[SteveT]

I remember hearing about a family the TV based a production on in the US of A who pooled all their resources including what the kids earned delivering papers etc.

They ran the home as if it were a small country, and they apportioned the money out for food, mortgage, transport, clothes and Tax if I remember correctly.

If there was an excess then that went on holidays, entertainment, and other 'non-essentials'.

I think every politician should be trained this way before embarking on their careers.

[bigbadwolf]

This is how you tax pocket money. Don't tell me otherwise because as the man says, "the family that saves together, pays together".

http://www.youtube.com/watch?v=ONekLkCGGmY

[Asset]

I'd rather pocket the tax money