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  1. #11
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    Quote Originally Posted by zeitghost View Post
    Curious since the highest rate of tax in the 1970s was 98%.
    It's fooked up man!

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    Quote Originally Posted by BlasterBates View Post
    Difficult to work if there are no roads, offices or telephone lines.

    just saying
    funded by rich people's taxes?
    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

    I want to see the hand of history on his collar.

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    Quote Originally Posted by vetran View Post
    funded by rich people's taxes?
    Not if they relocate their businesses to Germany.

    Author of the best seller "How to get Poor quickly"

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    Quote Originally Posted by BlasterBates View Post
    Not if they relocate their businesses to Germany.

    scooter selling his affections on the Strasse is hardly going to fix the balance of payments.

    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

    I want to see the hand of history on his collar.

  5. #15

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    Quote Originally Posted by zeitghost View Post
    Curious since the highest rate of tax in the 1970s was 98%.
    Quote Originally Posted by ASB View Post
    102% never. It was worse than that....

    http://www.hmrc.gov.uk/history/taxhis7.htm

    Special rates have been introduced twice within the post-war years, causing income tax in certain circumstances to exceed 100%.

    * For 1947-48 a special contribution was payable when a person’s total income exceeded 2,000. For investment income over 5,000 it was 50%. So with income tax at 45% and surtax at 52.5%, the effective rate was 147.5%.
    * In 1967-68, the special charge was imposed. For investment income over 8,000, the rate was 45% which - with income tax at 41.25% and surtax at 50% - meant a total rate of 136.25%.


    With substantial investment income tax rates were "only" 98% in the mid 70s.

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