Well they will pay more, but the same percentage.
I think it could be sold to the population as fair and simple, but it wouldn't be sold to the massive accountancy and law firms that make millions by knowing what's going on.
(PsychoChomp, Tue 10 Jan 2012, 13:26, 1 reply, 14 years ago)

I understand that
But someone with 25% taken off £100k is left with considerably more than someone with 25% taken off £12.5k
( tangledupinblue hairy badge with moving eyes, Tue 10 Jan 2012, 13:36, Reply)

Well yes but unless it's over a 100% tax that'll always be the case

(PsychoChomp, Tue 10 Jan 2012, 13:42, Reply)

It is sad if the best solution to stopping the rich avoiding paying more is to make poor people poorer.
Whatever happened to philanthropy and altruism?
( tangledupinblue hairy badge with moving eyes, Tue 10 Jan 2012, 13:45, Reply)

It wouldn't make poorer people poorer.
It'll give the people paid less than £12,000 a tax level of 0% which is much better than the current system.
(PsychoChomp, Tue 10 Jan 2012, 13:49, Reply)

I stand by my original point about being rubbish at economics
There would be an interesting knock on effect on pay though - everyone earning £12,001-15,000 would surely want their pay reducing down to £12,000?
( tangledupinblue hairy badge with moving eyes, Tue 10 Jan 2012, 13:58, Reply)

nope, cos they'd only pay tax on the amount above £12000.
same as the current system
( the mighty badger Aphrodite, on a bar stool, by your side, Tue 10 Jan 2012, 14:02, Reply)

Oh yeah
Rubbish at economics, you see?
( tangledupinblue hairy badge with moving eyes, Tue 10 Jan 2012, 14:03, Reply)