Only quarter of voters want to scrap 50p tax
A new poll shows that just 25% of voters support the abolition of the 50p tax rate. Danny Alexander is on the right side of the argument.
50p tax
Fraser Nelson’s attack on 50p tax rate is full of holes
Writing in the Spectator, Fraser Nelson claims that the 50p tax rate, along with other high profile taxes on the wealthy, actually reduces tax revenue from the top percentile. The major piece of evidence he draws on is the table below. Showing the tax liability through income tax shouldered by various deciles of the tax base, he argues that as you reduce the top rate of tax, you actually collect more revenue.