DYSPEPSIA GENERATION

We have seen the future, and it sucks.

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UK: 50p Tax Rate ‘costing Treasury £500m’

15th September 2011

Read it.

The Institute for Fiscal Studies warned that the tax has led people earning more than £150,000 to resort to legal tax avoidance schemes to escape paying the higher rate.

My, what a surprise. Aren’t you surprised? I’m sure surprised.

Perhaps they ought to ask Warren Buffet. He keeps saying that he wants his taxes raised.

This entry was posted on Thursday, September 15th, 2011 at 13:01 and is filed under Dystopia Watch. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “UK: 50p Tax Rate ‘costing Treasury £500m’”

  1. Dennis Nagle Says:
    September 15th, 2011 at 19:28

    Resorting to “legal tax avoidance schemes” is perfectly permissible. So what’s the problem?

    I’m surprised you aren’t applauding all of the Legal Tax Avoiders instead of bitching about Parliament taxing them. Whose side are you on, anyway?

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