No you are wrong

It isn't an "income" tax. Although it's calaculated with reference income, and taken from income.

Posted By: Winged Eel Creosote on May 6th 2005 at 15:05:27

Message Thread

FAO oh arr - for your information (General Chat) - Tricky Hawes, May 6, 13:50:49
- Tricky - I do know the difference between the National Debt (General Chat) - oh arr, May 6, 15:07:17
  - You obviously don't...... (General Chat) - BeverlyHills0201, May 6, 15:13:21
    - PSBR or not to PSBR - ok define PSNCR for me ! :) (General Chat) - oh arr, May 6, 15:36:56
      - Public Sector Net Cash Requirement...... (General Chat) - BeverlyHills0201, May 6, 15:40:42
        
        another load of New Labour name change bull* (General Chat) - oh arr, May 6, 15:50:48
- Look at the National Debt in absolute terms ie ?'s (General Chat) - oh arr, May 6, 15:00:08
- Correct..... (General Chat) - BeverlyHills0201, May 6, 14:05:10
  - But....(and large but) (General Chat) - Tricky Hawes, May 6, 14:11:51
    - FAO Tricky - Gordon Brown's rule & implications thereof (General Chat) - oh arr, May 6, 15:32:35
    - Politicians and fiscal rules (General Chat) - Winged Eel Creosote, May 6, 14:14:54
      - fair point (General Chat) - Tricky Hawes, May 6, 14:21:34
        
        At a rate of cutting the PSBR by ?2bn a year (General Chat) - oh arr, May 6, 15:12:52
        
        And it will have to be direct (General Chat) - Pragmatist, May 6, 14:32:12
        
        National Insurance. (General Chat) - BeverlyHills0201, May 6, 14:36:30
        
        No you are wrong (General Chat) - Winged Eel Creosote, May 6, 15:05:27
        
        I think in one of the central government docs they define it as tax on income (General Chat) - oh arr, May 6, 15:16:49
        
        They don't. (General Chat) - BeverlyHills0201, May 6, 15:22:08
        
        You've got that wrong Beverley..... (General Chat) - oh arr, May 6, 15:42:47
        
        Hmmmm....... (General Chat) - BeverlyHills0201, May 6, 15:44:15
        
        No...... (General Chat) - BeverlyHills0201, May 6, 15:11:51
        
        Lol (n/m) (General Chat) - Pragmatist, May 6, 15:02:39
        
        The "rules" were themselves political, not some sort of economic theory. (General Chat) - BeverlyHills0201, May 6, 14:31:43
- although - having read that again... (General Chat) - Tricky Hawes, May 6, 13:52:37

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