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and raising personal allowances so as to boost the salaries of the lowest earners by an average of 7 percent So the plan is to cut the taxes of high-earners, a
by manarth 10y ago
and raising personal allowances so as to boost the salaries of the lowest earners by an average of 7 percent
So the plan is to cut the taxes of high-earners, as well as improving the tax-free allowance for everyone…
Without increasing other taxes, or reducing spending?
Where's the extra money coming from?
- guard-of-terra 10y agoFrom creating jobs, taking people off welfare and making them pair their taxes, albeit reduced.
- crdoconnor 10y ago>Where's the extra money coming from? Assuming that's true, by ramping up public borrowing (most likely), increased tax receipts from increased employment (less likely) or seigniorage (least likely).
- spoonie 10y agoRegarding the personal allowance increase, I'm sad that the article glossed over this. I was really impressed that it was a tax cut for both the top bracket and "everyone". I wonder how the Danes would react if it was only an increase to the allowance, without the top bracket cut?
- bouvin 10y agoMagical thinking.