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50% Tax Rate
Message
From
06/04/2010 17:20:24
James Blackburn
Qualty Design Systems, Inc.
Kuna, Idaho, United States
 
 
General information
Forum:
Politics
Category:
Taxes
Title:
Miscellaneous
Thread ID:
01458965
Message ID:
01459044
Views:
51
Plus a 20% VAT tax coming to the US. !!

>>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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