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Are too many people paying higher rate tax?, Chunomics

Are too many people paying higher rate tax?

Next time you hear someone moaning about too many people paying higher rate income tax and bemoaning the iniquity of fiscal drag remember that income tax isn’t everything.

By | Chunomics, Eagle Eye | Friday, 14 March 2014 at 12:45 pm

“Cut taxes to close the deficit” 2, Eagle Eye

“Cut taxes to close the deficit” 2

The sequel to my post yesterday was a discussion (audio here) I had at the Spectator’s beautiful wood-panelled offices in Westminster with Fraser Nelson, the editor, about his belief that any marginal rate of income tax higher than 36 per cent loses the government more money than it raises.
He cheated slightly at the end, when Sebastian Payne [...]

By | Eagle Eye | Thursday, 14 March 2013 at 7:34 pm

“Cut taxes to close the deficit”, Eagle Eye

“Cut taxes to close the deficit”

Yes, Fraser Nelson, editor of The Spectator, still peddles this tosh. “How do you get more tax from the rich?” he asks at Coffee House. “Cut their tax rates.”

By | Eagle Eye | Wednesday, 13 March 2013 at 5:47 am

What tax rate is too high?, Eagle Eye

What tax rate is too high?

I was on Iain Dale’s LBC radio programme on Sunday, talking about Labour’s tax policy. I said I was in favour of a mansion tax in principle. Jonathan Portes, of the National Institute for Economic and Social Research, was also on and explained why a land tax (of which a mansion tax would be a progressive form) was economically efficient, so I agreed with him.

By | Eagle Eye | Wednesday, 20 February 2013 at 3:14 pm

The stupidity of the top rate tax cut, Eagle Eye

The stupidity of the top rate tax cut

David Cameron and George Osborne’s decision to cut the top rate of income tax in two months’ time seems ever more incomprehensible. If they had left the rate at 50p, which for all the difference 45p will make they might as well have done, Ed Miliband would have nothing to go on at Prime Minister’s [...]

By | Eagle Eye | Wednesday, 13 February 2013 at 2:21 pm

Sorry Dominic Lawson, but you haven’t shown the rich are paying their fair share, Chunomics

Sorry Dominic Lawson, but you haven’t shown the rich are paying their fair share

It is possible on the basis of the facts to argue that the UK tax and benefit system is progressive; that top earners are paying their “share”; and that there are significant potential disadvantages to wealth and property taxes. But to argue any of these on the basis simply of the share of income tax paid by top earners is at best disingenuous, particularly when the numbers giving the broader picture are so easily available.

By | Chunomics, Eagle Eye | Tuesday, 2 October 2012 at 9:29 am

Lib Dem plan to make the rich richer, Eagle Eye

Lib Dem plan to make the rich richer

I have tried to explain on many occasions* why the Liberal Democrat policy of raising the income tax threshold to £10,000 a year is not the pure egalitarian honey of milk and socialism that Nick Clegg pretends it is.
I have not explained this very well, which is why most of the media-political complex persists in [...]

By | Eagle Eye | Friday, 9 March 2012 at 1:16 pm

David Willetts defends the 50p tax rate, Eagle Eye

David Willetts defends the 50p tax rate

David Willetts, the Universities Minister, has been musing again* in a Times interview (pay wall) with my former colleague Michael Savage today. He makes the case for the 50p top rate of income tax:
It is very important that people see that when times are tough, we are, as they say, all in it together. That [...]

By | Eagle Eye | Saturday, 27 August 2011 at 11:00 am

Five key questions for Ed Balls, Chunomics

Five key questions for Ed Balls

Ed Balls hasn’t been putting himself around for interviews yet, understandably enough, but in preparation for when that moment comes here are five key questions for anyone who bumps into the shadow chancellor over the next few days.

By | Chunomics | Friday, 21 January 2011 at 11:11 am

“A declaration of instinct”, Eagle Eye

“A declaration of instinct”

Important finding in the small print of YouGov’s poll for The Sunday Times today highlighted by Anthony Wells…

By | Eagle Eye | Sunday, 12 December 2010 at 10:24 pm

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