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Is the latest UK budget full of stealth taxes?What is very interesting of course is not what is in this rather meaningless budget but that which is not and that is why it is yet another stealth tax budget.For example there are no inflation linked increases to personal allowances or band rates and whilst wages are rising this means that the tax mans slice of the cake wise has increased.The public expect inflation linked increases as they suffer inflation in the cost of living rises and they often get pay rises inline with inflation.I have no doubt that the freeze on personal allowances and tax bands with out any increases for underlying inflation is a classic stealth tax.Looking at some actual tax figures for 1997/98 they reveal that £67,041 million was collected under PAYE and for the year 2008/9 this had grown to £128,752 million which is a massive rise of over 90%. The average wage increase during this period amounted to 5% per annum where as the tax increase was 8% per annum so irrespective of this budget the tax take has increased on average by 3% per annum which over 13 years amounts to a whooping 39%. In the latest budget personal allowances are being held at...more
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Budget Cuts Threaten Emergency Preparedness States Score high on readiness to deal with disease, disasters, terrorismLocal and state health departments are better prepared than ever to deal with public health emergencies, but recession-related...more
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