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Old 22-03-2012, 01:52 PM #14
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Quote:
Originally Posted by kizzy View Post
Any reduction in tax rates is going to affect the economy, I am aware that they are qualified, however it is clear that it does not sit well with certain members of the coalition, why is that do you think,that it divides opinion?
They are educated and informed, therefore their view is not narrow.
I wonder too what the IFS thinks?
http://www.ifs.org.uk/projects/375
But the people who work for the government are more so and that is why they have that position. Lower income people tend to feel they are victims or are ignored by budget changes. This is not the case, they are bloody lucky to have what they have and really have no reason to complain.

Quote:
Originally Posted by MTVN View Post
You think that will happen from reducing the top rate of tax from 50p to 45p?
Not necessarily put them into deficit but it will indeed reduce the amount of tax revenue they receive and therefore could spiral into that.
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