Quote Originally Posted by Trefor View Post
Taxes are a really tricky subject. Tax the top earners enough to run the country, but not too much so they leave.

The amount the 50% tax band raises is not worth the effort to track and gather it. i.e. it is a waste of time. Accountants manage their income down to £150k. At 40% a person earning 150k a year is paying around £60,000 a year in taxes and NI. How much more should they pay?

http://www.bbc.co.uk/news/business-17465733
That argument is normally put forward by people on £150k+ per year. I fully understand the necessity of having a sensible tax policy but in a time of austerity when everyone is expected to tighten their belts this government hands the top earners a 5% reduction in tax. I don't consider that fair.
This government has dragged middle income earners like myself into the 40% tax bracket now by lowering the Thresholds and yet somebody on £500k is now being handed a big lump back in April.
Just my opinion.