May 25, 2019

The Business of 50 percent Tax Rates

Back in October I wrote about the problems the UK government was having with the 50p tax rate in my post, “A Taxing Question”. At the time I said that “Those for the policy claim that the rate brings in much-needed revenues that help to reduce the size of the budget deficit. Leading Liberal Democrats […]

A Taxing Question

Some readers will have seen or heard about the recent debate in the UK press about the “50p” rate of income tax. For those who haven’t, here’s some background. The UK operates a progressive tax structure which until recently consisted of a rate of 20%, or 20 pence in the pound, for earnings above the […]