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    Following on - the highest rate of tax was 40p right through to 2011 the rate increase having been mooted by Brown as a political trap for the Conservatives. It then went up to 50p and lost the Treasury a lot of revenue. This was predicted and is the reason Brown did not do it during Labour's previous 13 years. The reduction to 45p has increased the tax-take by the Treasury though some of that was because many people sensibly deferred taking some income when it was a 50p. The amount of tax paid by the wealthy would increase a lot more if the top rate was reduced to 40p. The most efficient revenue raising would be from a simple flat tax system.

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