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Revision: Progressive and regressive taxes
10th April 2008
A row has been brewing within the Labour Party about the decision by Gordon Brown when he was Chancellor – confirmed in the 2008 Budget – to scrap the 10 per cent ‘starting rate of income tax’ partly as a way of reducing the basic rate of income tax from 22% to 20% (from April 2008). One of the related issues to this is how the income tax system affects the final distribution of income in the UK and, in particular, the distinction between progressive and regressive taxes. This revision note is for AS and A2 students and considers amongst other ideas, the progressivity of the UK income tax system.
Revision note article Revision_Progressive_Regressive_Taxation.pdf
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.