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Topic History of: Government by the stupid for the stupid
Max. showing the last 5 posts - (Last post first)

Author	Message
Pete Clarke	What? Are you forgetting the 40% rate as well? So, if a company wants to offer me a salary of £400k a year, I should ask them to peg it at £149,999 so I don't have to pay an extra 10% tax on the portion of my salary that is over the threshhold. You clearly have no idea what you are talking about.
broadside	Not quite right BR, as only earnings OVER £150,000 will be taxed at 50%, not the whole amount.
BR	and they have a year to hide their wealth. By 2011 no one in the UK will be paying the Top rate tax apart from Public employees and some bank execs. They will all have left or pegged their salaries at £149,999. The gap between 25% and 50% is too big. So it is better to earn under the figure than earn £200K.
Pete Clarke	What planet are you living on? That sounded like the insane ramblings of a madman.
zooloo	It will raise something like £1 billion - given the incomprehensible numbers for the money being splashed about it hardly seems worth the effort.