Raise the 40% tax threshold.

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Raise the 40% tax threshold.

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The govm wishes the economy to grow.Hardworking, responsible people now at retirement age have capital to spend, Drawing it down will take some into the higher rate which means 40% tax and VAT tax on top of any goods bought. That is a ridiculous non incentive to spend.Add to that the ridiculous interest rates on m onies saved within accounts points to the fact that capital assets are wasted instead of being used to boost the economy. Wake up government!

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