Posted: Mar 16, 2012 3:35 pm
by mrjonno
chairman bill wrote:Indeed. And raising the tax threshold benefits everyone earning enough to pay tax. Those on really low wages don't earn that much, so tax breaks couhnt for sod all. A cut in VAT would help them more than a cut in income tax - they spend all they've got - yet some Tories are proposing an end to VAT exemptions on food FFS.


Not saying its an ideal system but when my wife was earning £13k she was getting nearly £7k in tax credit (benefits), trust me 'tax' was totally irrelevant to take home pain. Which is why the Lib Dem and to some extent the Tory obsession with tax levels just isnt that important in reality to people