163
Higher earners to be taxed more heavily in Scotland to protect public services
(www.theguardian.com)
Good
this post was submitted on 20 Dec 2023
163 points (100.0% liked)
Scotland
498 readers
13 users here now
Fàilte gu Alba!
Mon in tae Scotland!
Welcome to Scotland!
Quick rules:
- dinnae be a cunt
- posts should relate tae Scotland
Have at it, and haste ye back
Related communities
founded 2 years ago
MODERATORS
So, some https://en.wikipedia.org/wiki/Progressive_tax plan? Was there any progression before? (I'm not a true Scotsman, or even a fake one.)
Yes, higher rates for higher earners and a progressive rate has long been a british income tax feature, with many bands having been used, including zero rated for low earners. Where this is news however is that Holyrood in Edinburgh is asking higher earners for more, as opposed to Westminster in London who are trying to cut taxes for high earners. Scotland raised an extra £1.5bn according to the article last year, and are trying for more again this year
It's already progressive, this article is about adding a new tax band.
High earner starts at 75k. This is wild and seems very behind the times. I would call 75k barely middle class, not anywhere close to the term “high earner”.
Either way, it’ll be interesting to see how this plays out. A 45% tax starting so low may end up pushing people out of the country to more favorable tax situations.
I would call 75k barely middle class, not anywhere close to the term “high earner”.
We have very different definitions of middle class and high earner.
Spoilers: a deviation of tax from England hasn't yet seen any statistical evidence of economic migration
I highly expect that to continue to be the case. But it will be interesting to watch if there is any net effect.
