Monday, 19 March 2012

Pre-Budget Fact 2

Depending on which estimate you believe to be more accurate - HMRC, OBR or the IFS - the Additional Rate income tax rate of 50% for salaries above £150,000 reduces the Government coffers by between £300 million to £1 billion (ie it’s a cost not a gain - look out for this analysis in Boy George’s Budget speech).

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