
Originally Posted by
mada
Maybe you were meaning the UK?
Rate 2013-14 2014-15
Starting rate for savings: 10%* £0 - £2,790 £0 - £2,880
Basic rate: 20% £0 - £32,010 £0 - £31,865
Higher rate: 40% £32,011 - £150,000 £31,866 - £150,000
Additional rate: 50% N/A N/A
Additional rate: 45% from 6 April 2013 Over £150,000 Over £150,000
Lets look at the UK, then.
The top 40% of earners pay more tax than they get in benefits, the bottom 60% get more benefits than they pay in tax.
The top 1% generate about 30% of total income-tax.
After "redistribution", the richest 20% has only four times as much money to play with as the poorest 20%.
All of which sorta explains why their economy is in the shit, I mean with incentives like that why the fuck would the average POM bother getting out of bed?
Go soothingly on the grease mud, as there lurks the skid demon
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