Should the top personal tax rate be lowered or should tax-free threshold be increased?
The increase in tax-free threshold will clearly benefit low income owners. It will lower the average taxable income and the benefit will be reaped by more taxpayers than it would've been if the former option is chosen (lowering of top personal tax rate). Because, seriously, what percentage of the taxpayers are earning enough taxable income to fall into that top income bracket anyway?
Why would anyone want to raise their taxes?
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