50% tax on the rich?

[Peter]

You lose half of anything over and above ?150K

first 2.5K is 10%
2.5 to 35K is 22%
35K to 150K is 40%
150k+ is 50%


(all figures approx, off top of my head, based on figures before todays budget)

[Peter]

Peter wrote:


> (all figures approx, off top of my head, based on figures
> before todays budget)

Or last one! forgot 10% rate had gone!

[JonnyHungwell]

The top opf your head is wrong - where were you when the 10% band was abolished?

[Peter]

Last figures I had in my head last time I was working out my tax avoidance schemes!

[colonel]

It's been a good Budget- unless you are one of the idle, feckless, coke-snorting rich of course.

[Lizard]

colonel wrote:

It's been a good Budget- for the idle,
feckless, coke-snorting, track-suit wearing, benefit scrounging, work shy, wasters...


Bit harsh that Colonel.

[number 6]

Has it??Give me an example?

[dynatech]

That 50% tax hike thing is a sham - it's there (like most of this governments policies) to fool the sheeple, the brainwashed masses who haven't the foggiest how "the rich" (the bastards!) get "paid", probably thinking in all their dim thoughts that the wealthy all get paid via PTTNAYE "like wot we do" with not a thought paid to any of the ways and means people (INCLUDING POLITICIANS) get paid for directorships, limited companies etc etc.