Quote:
Originally Posted by Sephiroth
Well, I must give you credit for attempting to answer the question you put to me. What you've done is provide a quantitative answer, while mine was 'qualitative'. (In other words you did better than me!)
The article is 7 years old, so perhaps £100K would be more realistic than £70K. But the true point of the article is that whoever is considered by Labour to be rich must be asked to pay more in tax. Btw, with the average salary being c. £36K/annum, I suspect that most Labour supporters would stick with £70K or even lower.
On your red wall point, yes you're right.
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But that’s no different to what happens now
0%
20%
40%
40% + loss of tax free allowance & a required self assessment
45% & a required self assessment
The wealthier pay more, and if the argument is that labour would lower the point at which people would move into a higher tax bracket, haven’t the tories already done this ? Not only at PAYE but also at capital gains ?