George Osborne poised to slash top tax rate from 50p to 40p
Chancellor's dramatic move to cut top rate of income tax in next week's budget will delight the Conservative right
40% from 50%
Moderators: kiore, Blip, The_Metatron
George Osborne poised to slash top tax rate from 50p to 40p
Chancellor's dramatic move to cut top rate of income tax in next week's budget will delight the Conservative right
Wiðercora wrote:Now, I'm no expert, but. Aren't the Tories making all these cuts to public services to try and 'cut the deficit' and 'balance the budget', ie stop spending more than we rake in? So, surely you would not cut the tax rate because then you would take less in. Or something.
mattwilson wrote:Wiðercora wrote:Now, I'm no expert, but. Aren't the Tories making all these cuts to public services to try and 'cut the deficit' and 'balance the budget', ie stop spending more than we rake in? So, surely you would not cut the tax rate because then you would take less in. Or something.
Did you notice the bit about the lib dems supporting it in return for an increase in taxable allowance for everyone else?
I would love to know where and how the shortfall will be made up.
Paul G wrote:For everyone else!?
In return for supporting the measure the Lib Dems are pressing for a large increase in the personal allowance for those in work, a commitment to a wealth tax based on property, and a series of measures that end tax reliefs for the rich.
ED209 wrote:no...i didn't see that thread at all...
Nicko wrote:Trickle-down economics strikes again.
How long is it going to be before the public realise that wealth doesn't trickle down; it trickles up? That is, after all, why the wealthy are wealthy in the first place.
Nicko wrote:Trickle-down economics strikes again.
Strontium Dog wrote:Nicko wrote:Trickle-down economics strikes again.
The only thing that seems to be trickling down on this forum is stupidity.
Whether or not the temporary 50p tax rate goes next week or not, the wealthy are going to come out of this budget paying more and the poorer paying less. This is an indisputable fact. Anyone stating otherwise is not dealing in facts and has a political axe to grind.
Strontium Dog wrote:Nicko wrote:Trickle-down economics strikes again.
The only thing that seems to be trickling down on this forum is stupidity.
Whether or not the temporary 50p tax rate goes next week or not, the wealthy are going to come out of this budget paying more and the poorer paying less. This is an indisputable fact. Anyone stating otherwise is not dealing in facts and has a political axe to grind.
Return to News, Politics & Current Affairs
Users viewing this topic: No registered users and 1 guest