top 1% pay 27%, top 10% pay 90%

[vetran]

Difficult to work if there are no roads, offices or telephone lines.

just saying

funded by rich people's taxes?

[BlasterBates]

funded by rich people's taxes?

Not if they relocate their businesses to Germany.

[vetran]

Not if they relocate their businesses to Germany.

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

[zeitghost]

Curious since the highest rate of tax in the 1970s was 98%.

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.