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Old 22-03-2012, 09:53 AM #112
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Quote:
Originally Posted by kizzy View Post
Who wants that? Personally I don't want anyone to suffer from the outcome of the budget. It just seems strange to me that the country is in such a dire financial situation, how could the government relieve that? ...Tax, why then have they reduced the rate of tax for those earning over £150.000pa?
A 5% drop will cost the country millions and millions, where are they going to recover that money from?
Those on low very low incomes are fine with the rise in personal allowance, its those on a middle income earning over £35'000 pa I feel sorry for those on middle incomes 40% tax rate ....how can that be representative of a fair system...how is it proportional?
The fact is that one group will always suffer more or benefit more than the other, one decision cannot effect everyone the exact same way otherwise we could be communist.
They will have reduced the rate of tax for the higher income groups because they have the means to dramatically increase spending and cause economic growth which will create more jobs in the future. The government are doing the best they can and it is just annoying when people feel they are targeted by the government when actually all the government is trying to do is fix it for everyone in the long run.
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