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Like Mr. Zahow, many voters say they can imagine this tax applying to them.
An overhaul of business rates – perhaps creating a US-style local sales tax applying to all retailers – is one potential solution.
And since employers pay half the current payroll tax, applying 3 percentage points to an RSA means employers would be contributing to their employees' savings.
By contrast, under the law in effect for most of 2010, someone could pass on an unlimited amount without an estate or generation-skipping transfer tax applying.
Similar(56)
There is a 15percentt service charge plus an 8percentt state tax applied to the total.
There is also a lifetime exemption of $1 million $2 millionn for married couples) before gift tax applies.
Savings accounts generally have a withholding tax applied, of around 26%-28%-28%
The subsidy money comes from a tax applied to phone bills.
The European Commission has proposed it should be levied on any bank registered where the tax applies.
The Treasury says it would only back a financial transaction tax applied globally.
Still, that is well below the level at which sharp reductions in the payroll tax apply.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com