Plus a 20% VAT tax!!
>Congratz England! Nothing incentivizes new business and investment like crippling taxation.
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>People earning more than £150,000 a year will see a reduction in their take-home pay from today as the new 50p rate of income tax comes into force at the start of the financial year.
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>In addition to the new tax bracket, announced by Alistair Darling in the Budget last April, high earners will also be subject to a new 42.5 per cent tax on dividends while those people making more than £100,000 a year will have their personal allowance reduced.
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>http://business.timesonline.co.uk/tol/business/economics/article7088582.ece
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>I can hardly wait until the US follows suit. $13 trillion+ debt isn't going to pay itself.
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>tick...tick...tick...