So our Autistic Prime Minister Gorgon Brown is helping us out of this economic ****-shoot by trying to revitalise the retail sector (cutting sales tax).
To counter accusations of over-borrowing, he's expected to offset this by raising the income tax rate for higher earners.
At the moment, we pay on a sliding scale in UK:
Earsnings up to £2,230 ($3,300)taxed at 10%
Earnings between £2,230 and £34,600 ($51,670) taxed at 20%
Earnings over £34,600 are taxed at 40%
The word is that earnings over £150,000 ($224K) will be taxed at 45%
Given the benefits I and my family have received over the years in terms of family support, unemployment benefit and free education & healthcare, I really don't begrudge.
While I do feel a tad grumpy when I look at the £,000s the tax man takes off me each month, I have enough left over to live a debauched liefstyle.
So what do people think in principle?
Edited, Nov 23rd 2008 5:05pm by Nobby