View Single Post
Old 28-01-2011, 11:34   #52
Ignitionnet
Inactive
 
Join Date: Jun 2008
Location: Leeds, West Yorkshire
Age: 47
Posts: 13,995
Ignitionnet has a pair of shiny starsIgnitionnet has a pair of shiny starsIgnitionnet has a pair of shiny starsIgnitionnet has a pair of shiny starsIgnitionnet has a pair of shiny stars
Ignitionnet has a pair of shiny starsIgnitionnet has a pair of shiny starsIgnitionnet has a pair of shiny starsIgnitionnet has a pair of shiny starsIgnitionnet has a pair of shiny starsIgnitionnet has a pair of shiny starsIgnitionnet has a pair of shiny starsIgnitionnet has a pair of shiny starsIgnitionnet has a pair of shiny starsIgnitionnet has a pair of shiny stars
Re: 'Shock' Contraction in the UK economy

Quote:
Originally Posted by Chrysalis View Post
incentive will always be there, the incentive been in that you pay for your own food and whatever you been taxed at the income beats the dole and been on the street.

Historical trends have a higher income tax ignition

90% top rate?
Not comparable due to the number of tax bands and relative numbers of people paying the higher rates, along with the extra indirect taxes and higher national insurance now.

http://www.hmrc.gov.uk/stats/tax_str...1974to1990.pdf

The incentive isn't always going to be there, for many of the working poor the financial case for working is precarious enough already without taking more of their income. With increased mobility of labour it wouldn't take a huge tax increase to push large numbers of people abroad.
Ignitionnet is offline   Reply With Quote