Telegraph and tax
Confusing stuff in today's Telegraph. It reports and IFS study that shows that Brown's tax changes have meant an increase in tax paid for the average household of £750 a year. Yet two years ago they said that the average tax burden on a higher rate taxpayer had risen by half, from 35% of income to 50% of income, an extra £8,789 a year. And that the average on a basic rate taxpayer had risen from 33% to 38%. The two sets of figures are not easily comparable, but it looks to me like the Telegraph is implying there has been a huge decrease in the tax burden over the last year.
posted by Matthew @ 9/24/2006 09:59:00 AM
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