But, more importantly, working for a PAYE employer will be considered a mug’s game compared with running a small company and paying 19% corporation tax. Even under Labour, someone earning £80,000 could swap a 45% tax rate for a 26% corporation tax rate.
There is tax to be paid again when the money is taken out of the company you fool.
The Tories meanwhile will make the situation worse by increasing the personal threshold further, taking even more people out of the tax system. Such a move will disempower future governments from helping the lower-paid through the tax system.
Yes, yes, he is this stupid. If we stop taxing poor people now then we can’t stop taxing them in the future.