I went to the UK treasury website and worked out that you have to pay tax rates something as follows in the table below (sorry if I got the numbers wrong....)
My question is, do you think we should cut taxes for people who earn less than £37,295 a year and start a new, higher tax rate of say 50% or 60% for people once they start earning more than say £50,000 or £60,000 or £100,000 per year? I mean how much money do those people actually need?
don't know how the figures would add up, but it does seem a bit unfair at the moment...
CURRENT TAX RATES:
0 to £4,895 = tax free
£4,895 to £6,985 = 10%
£6,985 - £37,295 = 22%
£37,295+ = 40%
2006-08-26
01:36:02
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22 answers
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asked by
fieldmouse
3