tag:blogger.com,1999:blog-8764541874043694159.post8778420438732035239..comments2024-03-28T07:33:46.151+00:00Comments on Coppola Comment: Forestalling, tax avoidance and politicsFrances Coppolahttp://www.blogger.com/profile/09399390283774592713noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8764541874043694159.post-75924257140888053832013-11-17T10:53:30.283+00:002013-11-17T10:53:30.283+00:00That graph always gives me pause. We know the 1% h...That graph always gives me pause. We know the 1% have increased income massively (and yes, I realise the 1% won't have been the same people every year), but that average incomes haven't. Given that one would expect the % contributed by the 1% to have increased, regardless of taxation policy (unless it went to flat rate rather than % of income). It doesn't show that the 1% are paying a larger % of their income in tax, it shows they are getting a larger % of the total income.Chris Wheelernoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-89357927718239260262012-03-26T08:13:26.197+01:002012-03-26T08:13:26.197+01:00It really doesn't matter what the headline rat...It really doesn't matter what the headline rate of income tax and NI is. Once you have hired an accountant he/she will do everything possible to reduce your liability by juggling dates, swapping income with dividends, opening offshore accounts, etc, etc. It becomes an annual ritual, a game, an intellectual challenge, 'us' versus 'them'. It will end when there is no direct taxation. Never!devonseaglasshttps://www.blogger.com/profile/02637463423116171963noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-4582922773345073092012-03-24T22:07:28.318+00:002012-03-24T22:07:28.318+00:00The other interesting thing about the year's d...The other interesting thing about the year's delay in the scrapping of the 50p rate is that if the forestalling does play out as foreseen, Osborne will end up with a nice big pool of delayed 45p tax revenue to spend in the budget just before the election. I wonder what he'll do with it? Lots of lovely infrastructure investments...? ;)gwenhwyfaerhttps://www.blogger.com/profile/03775254923855147509noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-33256104864889104912012-03-24T18:58:59.832+00:002012-03-24T18:58:59.832+00:00There's a simple explanation. There are fewer ...There's a simple explanation. There are fewer people in the £100-£150K bracket and they pay less tax overall than any other group - see the chart on p.15 of the HMRC pdf. I would therefore suggest that most SME owners actively avoid falling into the 62% marginal tax bracket.Frances Coppolahttps://www.blogger.com/profile/09399390283774592713noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-13546787679138029242012-03-24T18:52:11.906+00:002012-03-24T18:52:11.906+00:00Frances
Amid all the hot air about 50 -> 45p w...Frances<br /><br />Amid all the hot air about 50 -> 45p why is nobody mentioning the 62% marginal tax rate (still in place) for those earning between 100k and 112k?<br /><br />I would suggest that most SME owners are fall in this category ( i.e. over £100k but less than £150k) and are disproportionally affected by this rather than 50% over £150k.<br /><br />Typical that Gideon and the Tories favour big, international, business, with their corp and income tax reductions rather than home-grown SMEs.Shineymartnoreply@blogger.com