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Greg Pope · 24-03-2009, 19:01

Andrew is right that reducing higher rate tax bands can actually increase tax revenues in certain economic circumstances (I seem to have a dim recollection of something called the Laffer Curve but I'm sure someone with a better grasp of economics will correct me!).

My priority for the budget would be to take lower income earners out of tax altogether which would help boost the economy, help the less well off and be a lot simpler than tax credits.

24-03-2009, 19:01	#16
Greg Pope Member Join Date: Mar 2006 Posts: 65 Liked: 0 times Rep Power: 0	Re: 45p Tax on high earners Andrew is right that reducing higher rate tax bands can actually increase tax revenues in certain economic circumstances (I seem to have a dim recollection of something called the Laffer Curve but I'm sure someone with a better grasp of economics will correct me!). My priority for the budget would be to take lower income earners out of tax altogether which would help boost the economy, help the less well off and be a lot simpler than tax credits.