thats funny, the question was simple, the answer was "people delayed earning the money because they knew the change was coming", but you gave a long winded answer about how people on humble incomes, blah blah blah. Who funnily enough weren't even subject to the 50% tax to start with. Did you mistakenly answer a different question, or were you dishonestly twisting the reply?
that low paid employees were not subject to the top rate of tax - well of course. Or that people were able to manage their income to defer earning it. it's not exclusive to high earners. I have a relative who works for Poundland and people refuse promotions to avoid losing benefits and in the middle category people top up their pensions to avoid tripping in to 40% tax.
but the cut wasnt announced till march 2012 budget so thats saying people were possibly hiding money away 2 years before hand for other reasons anyway . yep the 2013 would be low after the announcement but were still higher than the previous year
Complain to HMRC, it's their claim.
Good heavens JohnD you are steering a path clear of the truth today, fortunately the forum posts can serve as a reminder.
The discussion was clearly about the 50% rate being cut to 45% tax, a claim followed that receipts increased, a suggestion was made that people deferred payment (in fact they deferred earning). Were there any other tax rates cut by 5%, no. But of course you knew that.
Well, it would be foolish of him to not take his own tax avoiding advice, wouldn’t it?
www.bbc.co.uk
It's happening in many countries.The year the Australian Dream died
The land of a "fair go" has become one of the least affordable places on Earth to find a home.
After decades of government policies that treat housing as an investment not a right, many say they would be lucky to even find a stable, affordable place to rent.
Underpinning it all is that buying a house is astronomically expensive - the average property now costs about nine times an ordinary household's income, triple what it was 25 years ago.
Australia has made home ownership virtually unattainable for almost anyone without family wealth. Last month the boss of a major bank, ANZ, said home loans had become "the preserve of the rich".
Social or subsidised housing - once a safety net for those on low or moderate incomes - is not an option for most Australians either. The number of homes available is less than half of what is needed to meet immediate demand and wait lists are years long.
