Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
40% is the marginal rate, which used to kick in at £30k and not kicks in later. So if you made £40k you paid something like 25%. It's £30k after taxes, not £24k.

He's giving these people £2k each by taking a couple hundred away from the working poor.

And a lot of service jobs in the London area are below £17k a year.

"It's the statue, man, The Statue."

by Migeru (migeru at eurotrib dot com) on Wed Mar 21st, 2007 at 12:25:24 PM EST
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