21-03-12, 03:08 PM
Lets see and rough figures as I don't know the current rates exactly. A £180 per week person now wont pay tax? 52 x £180 = £9360 less already tax free is it still 567? so - £5,670 leaving £3,690 taxable at 22%? That is a whole £811.80 the country loses.
A person on £300,000 and ignoring their numerous fiddles which there will likely be many same £5670 then up to £38k @ 22% £38k to £150k @ 40% then 150+ @ 50% That persons tax burden if the proposed 45% is correct would drop by £7,500 although a big sum...not enough to be leaving the country over when you are left with a pre-fiddle salary of £179,340
Many of us are in the 40% bracket for part of our salaries, a straight 40% of that £300,000 would reduce it to £180,000.00....smoke and mirrors ...the rich get richer, the country gets poorer....theres a sop to the very few people who are such low earners as a popularist move.
The Con Dems fooling no-one
A person on £300,000 and ignoring their numerous fiddles which there will likely be many same £5670 then up to £38k @ 22% £38k to £150k @ 40% then 150+ @ 50% That persons tax burden if the proposed 45% is correct would drop by £7,500 although a big sum...not enough to be leaving the country over when you are left with a pre-fiddle salary of £179,340
Many of us are in the 40% bracket for part of our salaries, a straight 40% of that £300,000 would reduce it to £180,000.00....smoke and mirrors ...the rich get richer, the country gets poorer....theres a sop to the very few people who are such low earners as a popularist move.
The Con Dems fooling no-one
The Frying Scotsman