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Re: Clegg Middle Class Tax Squeeze
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Originally Posted by Ignitionnet
Calculating the impact all of this will have on this household it's far from inconsiderable, over 2,000 quid a year ignoring VAT rises, doesn't really make me feel overly motivated to go and work that bit more and make that bit more money when the government is eating 51% of a large proportion of it before I see it.
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Really? I make it a lowering of the threshold of ~ £2,500, meaning you will pay an additional 20% on that amount. That's £500 a year instead of £2,000.
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