How is Gordon Brown reducing the benefits trap by increasing income tax for Britain's lowest paid workers!?!
Scrapping the lower 10% income tax rate on the first £2,230 of taxable income means that anyone earning less than £13,380 of taxable income will now pay more income tax than before even though the headline tax rate falls by 2p!
What will Gordon Brown need to sell next year to keep income tax rates if £36bn of assets are being sold this year!?! Having previously sold the family silver and gold, only the kitchen sink is left!
Will income tax rates increase next year!?!
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1 comment:
This really is insane. The world's biggest "poverty trap" (i.e. the lowest incentives for the low paid to work) and he makes it worse!
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