Yesterday at NOT PC we suggested that yesterday's Budget didn't truly deliver tax cuts -- instead what it delivered was only a partial inflation adjustment for the last nine years of overtaxing, and it was delivered with a barrel of pork we're all gonna have to pay for by government borrowing.
Liberty Scott however disagrees that is was an inflation adjustment. "It is not an inflation adjustment at all," he says in a comment here. "I used the government's own figures -- it has, at best only half addressed inflation. People are still paying more in real terms in income tax than they were in 2000."
Check Scott's calculations and see his assessment of the barrel of pork that Cullen just uncorked at Scott's post: Cullen Really is Still Taxing You More.
No comments:
Post a Comment
We welcome thoughtful disagreement.
But we do (ir)regularly moderate comments -- and we *will* delete any with insulting or abusive language. Or if they're just inane or off topic. It’s okay to disagree, but pretend you’re having a drink in the living room with the person you’re disagreeing with. This includes me.
PS: Have the honesty and courage to use your real name. That gives added weight to any opinion.