Looks like Blair got out just in time....
05 February 2008, 10:14 AM
#31
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It wont be 51% because of the thresholds and the fact you use basic rate for the 1st £xxxx. Additionally you only pay 1% rather than 11%, so it will only ever be a 41% tax.
It will be a true 31% tax for basic earners though when NI and IT are alligned next year.
To be fair it isn't that bad in comparisons to some countries, (Norway, Holland etc)
A difference of 10% if you are a high earner , ie football player on £500,000pa isn't that bad. He'll only ever pay 41%, compared to Joe Bloggs on average wage paying 31%
It will be a true 31% tax for basic earners though when NI and IT are alligned next year.
To be fair it isn't that bad in comparisons to some countries, (Norway, Holland etc)
A difference of 10% if you are a high earner , ie football player on £500,000pa isn't that bad. He'll only ever pay 41%, compared to Joe Bloggs on average wage paying 31%
Last edited by Mitchy260; 05 February 2008 at 10:28 AM.
05 February 2008, 12:42 PM
#32
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The multiple wives bit is the latest unbelievable act by these plonkers-they must be just taking the **** surely!
How long before we are all subject to Sharia law as is being requested at the moment?
Les
How long before we are all subject to Sharia law as is being requested at the moment?
Les
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