ext_6520 ([identity profile] miss-s-b.livejournal.com) wrote in [personal profile] puddingcat 2008-11-05 10:05 pm (UTC)

Tax freedom day depends on your income, doesn't it?

This (http://www.libdems.org.uk/assets/0000/7890/Policy_Paper_81_-_Reducing_the_Burden.pdf) is our policy paper on tax. I suspect that bits of it will mean more to you than to me, but the rhetoric is to cut red tape for both businesses and individuals, and to raise income tax thresholds rather than doing stuff like tax credits (which would save money on admin which could be fed into further tax cuts etc.)

The current policy is to cut £20 billion from the tax burden on individuals, although that will be aimed at the lower end.

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