Except for the way they spread the tax burden Lazza
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“ If the UK were to adopt the income tax and SSC rates of one of our higher-tax European neighbours, it might raise slightly more from the highest earners. But the big difference would be in the tax levied on the earnings of average workers. The average tax rate on median full-time earnings in the UK was 28% in 2016–17. This is much lower than it would be under the tax systems of the other countries shown in Figure 5, for which the average is 44%. Since 2016–17 (the year for which this analysis was undertaken), the income tax personal allowance has been increased more quickly than inflation, which will have further reduced income tax payments at the median in the UK.”
Would all the Corbynistas on here like to pay 44%?
Posted By: Old Git on December 12th 2019 at 12:31:15
Message Thread
- Labour policies are regarded as normal in other EU countries (n/m) (NCFC) - Larry Hagman, Dec 12, 12:18:08
- Lots of things are normal in other countries which we wouldn't want (NCFC) - ghostof barry butler, Dec 12, 12:35:40
- Except for the way they spread the tax burden Lazza (NCFC) - Old Git, Dec 12, 12:31:15
- seizing 10% of companies' shares? (NCFC) - paulg, Dec 12, 12:30:20
- **** CATEGORY VIOLATION ***** (n/m) (NCFC) - Daniel the Stallion, Dec 12, 12:23:12
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