Showing posts with label income tax. Show all posts
Showing posts with label income tax. Show all posts

Monday, 25 October 2010

Has Everyone Forgotten About Income Tax?

Tuition fee stupidity:
Vince Cable, the Business Secretary, confirmed that ministers were examining ways to make the new system more "progressive". He said: "High-earning graduates will be paying more later in their life, but in a progressive way relating to their ability to pay. There is an issue about people who go on to very high-earning jobs and who therefore pay off relatively quickly and we do have to think about how to find a way by which they make some sort of contribution towards low-earning graduates. It's a tricky technical problem but we're working on it" 
Higher earners pay more income tax (not only more but at a higher rate too). "Tricky technical problem" already solved.

Monday, 4 October 2010

They Already Do

David Willetts, the Universities Minister, is quoted by The Telegraph as saying:
"Many young people aspire to go to university. On average it boosts your earnings by £100,000 over a lifetime. So, when money is tight, it is right to expect people to make a substantial contribution towards the cost of their university education – not when they are studying but afterwards when they are graduates on a decent income."
They already do, though. Has Mr Willets not heard of income tax?