Think Don't Sink
I had to sign up to follow some great blogs I had read... so I figured I might create myself a blog to promote cool things that I'm discovering, perhaps debate some of the silliest things that annoy me... or something I usually complain about during coffee breaks, train rides etc...Since writing my first blog, I have decided to write about topics surrounding Entrepreneurship in the Web, Tech Trends and perhaps even Politics (mainly UK) and the Economy.
I live and work in Berlin, my interests are mainly focused on the things that surround the world I work in... "boooring!" you might say - but my work is extremely cool :D I also enjoy taking in some of the culture on my doorstep and getting away to other cities and countries.
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Top 50p tax rate damages UK, say economists
I wish that someone would explain to me how they get to these conclusions…
Most of the entrepreneurs that I know probably don’t pay themselves enough to pay this tax, yet on paper they are millionaires - the reason: they are too busy investing in their businesses to be “earning” that much… and it is by investing in new business that they reduce their tax bills.
I would love to understand, out of the 308,000 people that are quoted to pay the 50p tax rate, how many are REALLY investing money back into new ventures and how many are just taking the money off the table?
Wouldn’t it be more of an incentive to invest your income in a business if you are avoiding a high tax rate by doing so? Am I really that naive?
Note: I am not commenting on the moral obligation that people may or may not have during these tough times - although I might say that Warren Buffet is leading the way on this topic ;)
