UK Politics General Discussion

[Dave]

The biggest problem with Tax is people don’t understand it. People freak when they hear of a 40% tax bracket because they think when they tip into that point all their income is taxed at 40% when it isn’t.

When you actually explain progressive tax to people quite a lot become far more reasonable about.

 

[JAperson]

The biggest problem with Tax is people don’t understand it. People freak when they hear of a 40% tax bracket because they think when they tip into that point all their income is taxed at 40% when it isn’t.

When you actually explain progressive tax to people quite a lot become far more reasonable about.

Well yes, people think if they go into the next tax bracket by just a little bit they'll actually earn less, and if you try and tell them otherwise they insist they are right. When in real world terms this is incredibly unlikely (it may even be completely impossible, but I'm factoring NI here).

 

[rob666]

Could I point out that our Chancellor of the Exchequer, our second lord of the Treasury, occasionally known by some as Rachel from accounts, is still firmly in office, despite the arrival of a new week.

Bond market picked up sharpish as well, good to see.

Very sad storm in a teardrop.