Quote:
Originally Posted by Livia
By "tax breaks" I assume you mean the reduction of the 50p tax rate, down to 45p. Of course, you realise that under Labour, those people now benefitting from the lower rate of .45p were paying only 40p under Labour? So in real terms they're still paying 5p in the £ more than they were under the worker-friendly Labour Party. How does that work out? Why wasn't everyone all wound up about that while Blair/Brown were in? And let's not forget that some of the lowest wage-earners in the country have now been taken out of the tax system all together. It's not popular to approve of the Tory tax system, but when you realise it's tougher on millionaires than it was under Labour, I don't think there's really an argument left, is there?
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yes there is an argument. loads of labour voters wanted them to raise the tax on the elite...the fact they waited till the last minute to do so was bizarre. however the tories decision to lower it to 45 is simply immoral in times of austerity and their argument that the rich find tax loopholes anyway so why not just drop it? is simply absurd. they should in fact close these loopholes, and brother are there loopholes. meanwhile they chase down every damn nickel off those on disability
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