But also, the high-earning graduate, even if self-employed and so paying less in income tax, is likely to be spending that additional cash on shinies, beer, etc. Which is taxed.
Heck, the amount of alcohol duty paid by your average undergraduate probably goes a long way towards the cost of their education! Especially archæologists.
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zvi and
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Date: 2010-07-15 09:46 pm (UTC)But also, the high-earning graduate, even if self-employed and so paying less in income tax, is likely to be spending that additional cash on shinies, beer, etc. Which is taxed.
Heck, the amount of alcohol duty paid by your average undergraduate probably goes a long way towards the cost of their education! Especially archæologists.