COMMENT: Simple taxes are progressive taxes

April 17, 2012 3:49 PM

Writing for the New Statesman's Current Account blog, Matthew Sinclair argues that it is lack of take-up that makes the tax system look biased against the rich.
I’m glad Alex likes the graph we made yesterday. Hopefully it makes it a little easier to understand how much everyone is paying. I don’t think he is fair on loss relief, though.

While he says it is difficult to argue with the principle, he also sees it as a “wonderful example of a tax system built with one set of rules for the rich, and another set for everyone else.” But loss relief should be available to anyone who has made a loss in their “trade, profession or vocation”, or is entitled to a share of a loss made by a partnership of which they are a member. Not just the rich.

Click here to read the full piece on the New Statesman website

Writing for the New Statesman's Current Account blog, Matthew Sinclair argues that it is lack of take-up that makes the tax system look biased against the rich.
I’m glad Alex likes the graph we made yesterday. Hopefully it makes it a little easier to understand how much everyone is paying. I don’t think he is fair on loss relief, though.

While he says it is difficult to argue with the principle, he also sees it as a “wonderful example of a tax system built with one set of rules for the rich, and another set for everyone else.” But loss relief should be available to anyone who has made a loss in their “trade, profession or vocation”, or is entitled to a share of a loss made by a partnership of which they are a member. Not just the rich.

Click here to read the full piece on the New Statesman website

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