I have been reading various information about the CTax since someone had mentioned thresholds being increased or something along those lines.
Well, I earn over 37K and under 80K, and the original tax is X amount plus 30%. The threshold for $0 Tax will be increased to 20K respectively. The tax amount, however, will now be 32.5%.
Does this mean that I will be paying even more tax at the end of 2012 then the previous year? It just seems to me that there will be no change for people earning around my bracket, and the only change being paying even more tax than before.
So, what's happened here? We are paying for Carbon that we don't emit, as well as having company cost added to goods?
I am no good with taxes so I beg for someone to enlighten me on this...