Summary
TOP earners will see their tax bills ratcheted up over the next two years, with some eventually paying the equivalent of a maximum rate of 60 per cent in income tax.
The headline-grabbing new top rate of 50 per cent on incomes of more than Pounds 150,000 is just one of four measures that will see the best-paid workers contributing an extra Pounds 7 billion in tax by 2012.See the full content of this document
Extract
Some Higher Earners Will Pay 60% Tax On Incomes
From April 6, 2010, the personal tax allowance - the slice of income on which no tax is usually due - will be cut by Pounds 1 for ev...
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