Wednesday 7 September 2011

The 50% tax band

It is an interesting question to ask : what are the earnings of the economists who have recommended the abolition of the 50% tax band ? We need to know to ensure their academic detachment.

We also need to know where in the world one can go in order to pay less than a marginal tax rate of 50% on earnings of over £150,000. USA obviously, but where else where one might wish to live ?

Of course they may well be right, but is it politically possible to abolish it, especially in view of the more common explnations of recent public disorders ?

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