JSA, how difficult can it be!

unkle

I'm not suggesting tax increases work on a linear level and I am aware of the Laffer Curve.
However if you made the starting rate 33% for instance rather than 20% (and noting it comes in immediately, i.e. no tax free allowance so from the first £1 of earned income) this would raise considerable additional tax revenue.  The 40% could increase although i've never been a fan of a rate of 50% or more where you works much/more for the state than yourself. We already have that anomaly on the 100k-125k where effectively it is a 62% tax rate.

All of that said, as mentioned I don't think there is a desire to make any dramatic changes by this government or probably past or future one's.

calcotti

unkle said: ...where you works much/more for the state than yourself. We already have that anomaly on the 100k-125k where effectively it is a 62% tax rate.

And of course in the benefit system where every £1 of income over your Work Allowance only results in 37p in your pocket if you are on UC.

unkle

calcotti said:

unkle said: ...where you works much/more for the state than yourself. We already have that anomaly on the 100k-125k where effectively it is a 62% tax rate.

And of course in the benefit system where every £1 of income over your Work Allowance only results in 37p in your pocket if you are on UC.

Indeed, wouldn't need all this if a basic wage was paid by the state