MG1968
That’s No Moon…
- Joined
- Sep 17, 2006
- Messages
- 28,393
- Likes
- 19,328
High marginal tax rates on top producers (ie, high earners) aren't a good thing for an economy.
ANDREW LLOYD WEBBER: The last thing this country needs is a pirate raid on the wealthy (and don't lynch me because I'm a rich b*****d) | Mail Online
ANDREW LLOYD WEBBER: The last thing this country needs is a pirate raid on the wealthy (and don't lynch me because I'm a rich b*****d) | Mail Online
Here's the truth. The proposed top rate of income tax is not 50 per cent. It is 50 per cent plus 1.5 per cent national insurance paid by employees plus 13.3 per cent paid by employers. That's not 50 per cent. Two years from now, Britain will have the highest tax rate on earned income of any developed country.