Tax – be grateful to high earners, Lynn News letters
And she explains how those earning £50,000 got a tax cut of £860 while the poor devil earning £12,500 only got £130. Obviously on that basis Rebecca would like us all to imagine this unfairness needs some good old-fashioned Labour values injected onto the formula and all will be well once we level the playing field.
Well I have some unfortunate news for you.
The person earning over £50,000 will be parting with around 50% of his entire income and national insurance to the Treasury in taxes whereas your less well-off person is likely to be contributing little or nothing as they are near the tax free threshold.
You should show a little more gratitude to our £50k earners because without the revenue from those taxes the social infrastructure would be in a bigger hole than it is currently.