Really?On the basis of what?On the basis that they've paid "their share" and the share of several other people. Several hundred other people, actually.What would you fraher have? A flat rate? A tiered rate?To be honest, I thought we were quite close to "about right" before the 50p rate was introduced.I welcome the higher basic allowance, and I'd like to see the 45p rate removed and for us to go back to the 40p rate.I also rather like the current system of encouraging philanthropy by making charitable donations tax deductible, and see this proposed change as a stupid own-goal.My comment about the "cap on tax paid" isn't a "serious" policy I'd like to see adopted - but when some idiots in government are throwing around ideas about caps on charitable donations (and having to backtrack on a home improvement tax own goal too), it's a bit of hyperbolae that illustrates just how "wrong thinking" this government is.They should not be looking to see if they can come up with even more devious taxation methods than Gordon Brown could - they should be looking to reduce tax (in the longer term anyway.. obviously there's the need to pay off Labour's credit card debts first - or at least get the payments down to the point where we're not borrowing more all the time..)PetraM
© Copyright 1998-2013, The Motley Fool Limited. All rights reserved. This material is for personal use only.The Motley Fool, Fool, and the "Fool" logo are registered trademarks of The Motley Fool, Inc.Place of Reg: England & Wales. Company Reg No: 3736872. VAT Reg No: 945 6990 68. Registered Office: 5th Floor, 60 Charlotte Street London W1T 2NU.
Page load time and server: