Please.....

[asilikeit]

There was a infograohic thingy the other day in a thread that I now can't find that showed he "real" difference in what tax higher earners would pay under labour.
I'd really like to have a look at it again if anyone knows what I'm talking about!!! Thanks

Was it a tree? Someone posted it on the LVT thread I think??

No not the tree one- it was really simple like if you earn 80k you will pay..... if you earn 90 you will pay.... and then the comparisons to the conservative tax rates.... thanks though!

Hmmm now I'm wondering if I've seen it somewhere else

Sorry, not seen that one. Can only suggest google, so unhelpful!

The trouble with any tax graph is that is assumes people will pay.

When the tories lowered the tax from 50p to 45p (I think) th epoint of doing it and th erationale behind it was that at 45p more people actually paid than at 50p.

So at 50p tax, higher earners start to work out how to move more money overseas and therefore pay less tax in total. At 45p they don't do that so much (I assume it is more in line with other EU countries) and so they pay.

So, actual money in the government coffers is MORE under the LOWER tax rate.

I am keen for the rich to pay tax. But I am also pragmatic, and I want money to stay in the UK and the tax to actually get paid.