Alistair Darling is about to announce a new rate of 45% income tax for people earning over £150,000, but only after the next election.
Putting aside the question of whether anyone's job is actually worth over £150,000 a year, which to be honest I doubt, why do we have such big jumps in tax bands anyway?
We go from zero to 20% to 40% (and then 45% if this new band actually starts). Those are huge jumps for people, it's crazy. Surely we should have more smaller steps? I'm not arguing for higher rates of tax, just more sensible steps in how much you pay as your salary goes up.