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12. December 2012, 22:47:12
Mort 
Subject: Re:So anyway, congratulations on once again proving me wrong through the inimitable power of narrow minded nick pickery.
Modified by Mort (12. December 2012, 22:49:15)
Iamon lyme: Awwwww I thought I'd return the favour. ... All things being equal.

... again, the figures are ... taken out of context. I've tried to give you the opportunity to recheck your stated figures and the validity of such......

But no.... you have to believe your "power of narrow minded nick pickery."

READ>>>>>>>

"A gaping hole in this argument is that by the HMRC’s own admission, a great deal of this drop was accounted for by (the non-PAYE paying) super-rich bringing forward their income (‘forestalling’) and declaring it in 2009/2010 tax year instead, ahead of the pre-announced 50p tax rise. The key point is, by its nature forestalling can only happen once – those who did so could not have kept doing it in the years after; they would have had to have paid up. The 2010/2011 yield was thus artificially deflated; totally anomalous, and unreliable as a baseline. There may have been other more permanent forms of evasion in the mix, but the only way of knowing this – and the true effectiveness of the 50p tax – for sure would have been to wait for 2011/2012 returns. Which is presumably by Osborne avoided doing just that (given there was good evidence it raised a significant sum of money).

And so to last week’s numbers. They too take 2010 figures, on the number of people declaring an income above £ 1 million, compare it to 2009 and note a drop – leaving the Telegraph and Mail to argue without evidence that they have all moved abroad. But just as with the tax yield, these figures are highly distorted and unreliable, given we know many top rate payers moved their income for 2010 forward to 2009 (this is especially likely to be the case with millionaires, as few would be on PAYE)."

Live by the Daily Mail.. DiE by the Daily Mail.

I mean... would you agree with the daily Mails view Sarah Palin and all those who believe the same way she does are lunatics?

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