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50% Tax Rate
Message
From
06/04/2010 13:42:08
 
 
To
06/04/2010 13:30:45
James Blackburn
Qualty Design Systems, Inc.
Kuna, Idaho, United States
General information
Forum:
Politics
Category:
Taxes
Title:
Miscellaneous
Thread ID:
01458965
Message ID:
01458973
Views:
49
>Plus a 20% VAT tax!!

Huh ?

>>Congratz England! Nothing incentivizes new business and investment like crippling taxation.
>>
>>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.
>>
>>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.

>>
>>http://business.timesonline.co.uk/tol/business/economics/article7088582.ece
>>
>>I can hardly wait until the US follows suit. $13 trillion+ debt isn't going to pay itself.
>>
>>tick...tick...tick...
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