Thread: UK Govt Wants To Increase Tax Over 50%
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Old 09-20-2009, 11:25 AM  
TheDA
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Quote:
Originally Posted by Vendot View Post
You're right but a new top tier tax rate comes in from April 2010, which is 50%. Add to that national insurance at 12% and higher earners will be paying 62% to the government:

http://news.bbc.co.uk/1/hi/uk_politics/8011321.stm
Well I already knew that bit, I guess I took you literally and thought you thought it was 50% now. 10% is a huge difference to a tax return you know
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