From: "Roger Mills"
Newsgroups: uk.finance
Subject: Re: Budget 2007
Date: Wed, 21 Mar 2007 16:32:36 -0000
In an earlier contribution to this discussion,
Tamale-Loco wrote:
>>> 10% band removed.
>>
>> Won't that be a de facto increase for lower earners?
>>
>
> Doesnt its removal affect everyone though?
> Not just lower earners
>
No, because for higher earners it will be more than offset by the 2%
reduction in the standard rate. Low earners - taxed only at 10%, or not very
far up the standard rate band - will benefit little or nothing from the 22 -
20 reduction.
--
Cheers,
Roger
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