George Osborne reckoned people aspire to be 40% taxpayers, and they are pleased to have to pay it. But no-one believed that rubbish, and David Cameron's comments make it clear that he's not pretending any more.
UK Prime Minister David Cameron has pledged to raise the threshold for the 40 percent rate of income tax to GBP50,000 (USD75,362). During a speech on education, Cameron said: "That rate was only ever meant for the better off. But over the years it's dragged more and more people into its reach, police officers, teachers - people on middle incomes."