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Thursday, 23 April 2009

image for Budget Feedback: Wayne Rooney angry at Tax Increase
Wayne Rooney

The income tax increase for the highest earners does not mark the end of New Labour, Gordon Brown has insisted.

A 50p rate for earnings over £150,000, being brought in from next April, was a key part of Wednesday's Budget.

The Tories - who dubbed the Budget a "fantasy" - said it broke a key New Labour pledge, repeated in its 2005 manifesto, not to raise income tax.

And now in an uncharacteristic political outburst Manchester United star, Wayne Rooney as joined the debate.

Rooney, rumoured to be earning over £150,000 per week in salary with bonuses and sponsorship endorsements was quick to comment when asked about the effect the higher tax bracket would have on his own finances.

"'Er, you know…Countries like Switzerland will look increasingly attractive to (scratches face) people like myself."

He goes on to say "Er, we like, operate in a global market for talent, (scratches face) and that talent is expensive.'

"I think like, er, you know… 700,000 people earning more than £100,000 a year will lose (scratches face) £1 of their personal tax allowance - currently £6,475 a year - for every £2 above £100,000 that they (scrathces face) earn. And er, those on more than £112,950 will lose the personal allowance completely, pushing up their income tax bills by almost £216 a month like"

And his final point. "History, er like, you know… shows that increasing tax rates rarely achieves the objective of increasing the tax take, (scratches face) like individuals will now look to find other ways of earning money or reducing tax liabilities like."

(Scratches Face)

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