[geeks] Re: [rescue] Taxation (was: Computerfests)

[Mike Meredith]

On Sat, 17 Apr 2004 19:13:04 -0400, Andrew Weiss wrote:
> You make 200 G's a year... you pay ${Hypothetical high num}%
> 
> You make less than 20G's a year... or something like minimum wage... 
> (i.e. below the cost of living for your area)... you pay 0
> 
> You make in the middle and pay ${sliding scale}%

Sounds good to me.

> Unlike the UK we can cap this at 50% 

So you want a higher tax ? You're not under the impression that SuperTax
still exists are you ? That was abolished by Mad Maggie Thatcher the
Snatcher.

The high rate of income tax is 40% which is paid on taxable income over
UKP30K, 22% on taxable income over UKP1961, and 10% on taxable income
below that.

There is also National Insurance which looks like taxation but isn't (at
least in theory).