The US next year will be at the 50% for the top level income tax. Because of the huge budget deficits, there has been a lot of talk about adding a VAT tax as well. Just adding to Jake's comment.

I can hardly wait until the US follows suit. $13 trillion+ debt isn't going to pay itself.

tick...tick...tick...


>Another Huh?
>
>>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...