Bridge for sale, apply within 10
If you're finding all the polarised ideological debate about the Budget tax changes a bit hard to follow, Wings over Scotland is here to help. Simply put, what the Chancellor is apparently expecting us all to believe is essentially this:
"Dear Rich McWealthy,
We note that last year you had £40,000 of higher-rate taxable income. Well done you! We asked you to pay tax on that amount at 50% – sending you an invoice for £20,000 – but you employed a clever accountant (who you paid £1000) in order to reduce your tax bill to just £6,000.
This year, however, we see that you again have £40,000 of higher-rate taxable income. As we do not wish to see you flee the country and thereby damage the prospects of economic growth and wealth creation, we have decided to reduce the upper tax rate to 45%, so you'll only have to pay us £18,000 rather than the £20,000 we (with hindsight quite unreasonably) demanded last year.
We are sure that in the light of this new lower rate, you will be happy to send the Treasury a cheque for £18,000 rather than the £6,000 you paid last year, and that since the new rate is so much more agreeable you won't feel the need to procure the services of the clever accountant again (even though he'd still be saving you a whopping £11,000).
Thanks very much in advance for the extra money! We'll be spending it on keeping your local library open, so that all the OAPs and disabled people who can't afford their fuel bills any more will have somewhere to sleep next winter.
Love,
HMRC"
If you're swallowing that one, please get in touch immediately. We have an investment opportunity you're going to be keen to get involved with.

















