The Next Leader Of The Opposition Speaks...
Politics4 mins ago
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Historically higher rates of tax has raised very little. It is beloved of the left to use to stifle enterprise and effort and punish those that seek to improve themselves and the country. This example exposes the issue nicely.
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this is about tax bases - the number of people paying a higher rate of tax is small so the tax take is small
30m people pay basic income tax in UK and so a penny on the income tax as it has a broad tax base, brings in lots to the treasury
no wonder ABers remain so ignorant - all my best tax theortical gems get deleted !
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