"Dropping the 50p tax rate will attract entrepreneurs who will grow the economy"
- not Osbourne but some cunt he apparently agrees with.

OH REALLY? FUCKING SHOW ME ONE. SHOW ME AN ENTREPRENEUR WHO *WOULD* INVEST IN BRITAIN IF ONLY WE WEREN'T TAKING AN EXTRA 10P OFF THE VERY TOP BIT OF HIS FUCKING INCOME.
( The Light in Chains don't touch the Pope's boner, Mon 3 Oct 2011, 15:14, 3 replies, latest was 14 years ago)

And while I'm at it
Why do we have to fucking attract them? What's wrong with producing our own?

And how exactly are they going to grow the economy anyway?
( The Light in Chains don't touch the Pope's boner, Mon 3 Oct 2011, 15:20, Reply)

Plus they aren't actually earning 150K+, they are running businesses
which pay far lower rates of corporation tax and then they pay themselves through share dividends which attract lower personal tax rates, they have pension schemes, which again lowers the amount of tax, and other stuff to boot.

The only people it really effects are a few people on the margins and even then to a pretty low degree.

I'm quite happy to say it's not a brilliant tax rate to have, but you would accrue more benefit in raising the lower threshold to exempt some people from tax to the amount the 50p rate brings in than you would in scrapping the 50p rate.
(Bazongaloid, Mon 3 Oct 2011, 15:26, Reply)

Not enough to justify scrapping the tax.
It's just insane to suggest that the people with the most money should pay less tax than they currently do! Most of these people don't pay much tax anyway because they have good accountants.

When INCOME tax is cust for everyone else then the 50p rate can be reduced by a commensurate amount.
(Set your faces to Stunned Bigly, Mon 3 Oct 2011, 15:24, Reply)

And he would only be taxed on his INCOME if he is domiciled for tax, like.
Non-dom=no income tax or a one off annual payment.
(Set your faces to Stunned Bigly, Mon 3 Oct 2011, 15:26, Reply)

The sad thing is these counter-arguments are blindingly obvious
but politicians still churn the shit out unchallenged.
( The Light in Chains don't touch the Pope's boner, Mon 3 Oct 2011, 15:55, Reply)