Originally Posted by
Asturias56
"<Rant> IMO any sensible party would be suggesting raising the personal allowance to c. 20k and introducing a >=30% band at Median Income level, settting the higher threshold at the 90th Income Centile, substantially reducing the starting rate for additional rate, adjusting higher and additional rates to fund a 2% overall rise in income tax and NI take, and scrapping the NI upper earnings limit and also the allowance taper to get rid of the 60% trap,. </Rant>"
The whole questions of "bands " is so Victorian - there is nothing to stop them having a smooth curve for tax and benefits accessible through an app on your phone. Cut out the "cliffs" and ridiculous changes in tax/benefits when you make one extra quid......................
taxing the very rich never pays off… when Gordon brown cut the super tax - tax take went up as it is not worth going through convoluted tax vehicles….. the one thing everyone should be worried about is the size of the pension pot for the nhs and council. Nearly two pennies in five of your council tax goes on pension payments to council staff. You imagine with doctors getting 30 odd percent pay rise what that is going to do to the public purse once the 20 percent nhs contribution to pension is factored in, let alonecthe gold plated inflation rises etc