Soleron on 06 June 2009
| kowenicki said: @soleron the 50% tax rate was smoke and mirrors... its pointless and raises next to nothing in revenue. it was a way to divert attention... cynical politics at its worst. this government is the worst we have ever had to endure. cynical, dishonest and populist. |
Agreed, and of course the tax avoidance schemes availible to those on that income are numerous (even MPs and the Chancellor consulted tax advisers, using public funds, to avoid tax). If they'd spent that effort closing tax loopholes it would have generated far more revenue.
