New Posts For Thread: 50 Pence tax ratehttps://community.betfair.com/tradefair__financials/go/thread/view/94198/27297073/50-pence-tax-rateOld man Lawson said that 50p tax rate does not bring in anymore income in fact when he was Chancellor he reduced it from 60 to 40% and said that by doing that it brought in more from the higher earners.So please could someone explain howThanks for taking the time to reply and explainhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/27297073/50-pence-tax-rate?post_id=490139541#490139541Thanks for taking the time to reply and explainWed, 23 Mar 2011 14:18:19 -0500'Clever' Accountants 'spirit' earned income into Capital Gains or dividends which attract a lower rate of taxation. There is a price to pay for this accountancy service but it was/is worthwhile. If you lower the income tax rates then higher rate tahttps://community.betfair.com/tradefair__financials/go/thread/view/94198/27297073/50-pence-tax-rate?post_id=490137917#490137917'Clever' Accountants 'spirit' earned income into Capital Gains or dividends which attract a lower rate of taxation. There is a price to pay for this accountancy service but it was/is worthwhile. If you lower the income tax rates then higher rate taWed, 23 Mar 2011 14:02:36 -0500Old man Lawson said that 50p tax rate does not bring in anymore income in fact when he was Chancellor he reduced it from 60 to 40% and said that by doing that it brought in more from the higher earners.So please could someone explain howhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/27297073/50-pence-tax-rate?post_id=490131785#490131785Old man Lawson said that 50p tax rate does not bring in anymore income in fact when he was Chancellor he reduced it from 60 to 40% and said that by doing that it brought in more from the higher earners.So please could someone explain howWed, 23 Mar 2011 12:54:33 -0500