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| London Transport (uk.transport.london) Discussion of all forms of transport in London. |
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#1
October 9th 12, 11:38 AM
posted to uk.transport.london,uk.rec.driving
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Dartford crossing
In message , tim.....
writes wrote in message ... On Tue, 9 Oct 2012 02:50:08 +0100 Clive wrote: In message , d writes Oh dear, here comes the politics of envy. You just can't help yourself can you. So is that top end tax rise to 50% a myth then? This is a mere squabble in a sweet shop. In the 60s supertax was 98p in the pound. Sounds like the idea of some left wing idiot in france who was proposing a 100% tax on earnings above 100K euros or something. Presumably it never occured to his lonely braincell that if all the money above a certain rate goes in tax then companies simply won't bother paying above that rate. I suspect the same happened with a 98% tax which is why they ditched it. The 98% was only on unearned income [1]. So all the people with serious amounts of unearned income left the country [1] The top rate of tax on earned income was 83% with a 15% unearned income surcharge. I believe this was what was behind the Beatles track "Taxman". -- Clive |
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