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Tax increases

Anonymous1987 · 2009-04-15 20:58:21

Tim Callan posted a report on the distributional effects of the tax increases in the last budget October 2008 and April 2009 (See attached). The findings show that the poorest 20% of the country are to make a 5% gain on disposable income as opposed to the top 20% of the countries earners losing approximately 7% of…

15-04-2009 9:58pm

#1

Anonymous1987

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Tim Callan posted a report on the distributional effects of the tax increases in the last budget October 2008 and April 2009 (See attached). The findings show that the poorest 20% of the country are to make a 5% gain on disposable income as opposed to the top 20% of the countries earners losing approximately 7% of disposable income.

The problem though is that the effective rate for the top earners is now 52% and given that after the 50% mark people tend to turn to the black market does this suggest that taxation increases have been exhausted?

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