21-03-12, 03:59 PM
Don't forget Mr Mac, as if you need me to tell you, that the 45% tax bracket is only a stepping stone to 40%.
Not sure what is happening with the 40% tax bracket, but it was lowered the other year catching more than ever.
The rise in personal allowance to 9205 is welcome, but realistically just means a drop in benefit payments for most.
The real issue at the lower end of the earnings scale is that too many big wealthy companies take the minimum wage as a standard or living wage. It was never supposed to be that. So that leaves those on better to mid earnings forking out benefits for those on minimum or near minimum wages. So this means tax payer subsides the biggest richest companies in the land, and their rich shareholders.
But of course we are all in it together.
Not sure what is happening with the 40% tax bracket, but it was lowered the other year catching more than ever.
The rise in personal allowance to 9205 is welcome, but realistically just means a drop in benefit payments for most.
The real issue at the lower end of the earnings scale is that too many big wealthy companies take the minimum wage as a standard or living wage. It was never supposed to be that. So that leaves those on better to mid earnings forking out benefits for those on minimum or near minimum wages. So this means tax payer subsides the biggest richest companies in the land, and their rich shareholders.
But of course we are all in it together.