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  1. #1
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    UK hikes top income tax rate to 50%
    The tax band had originally been due to rise to 45 percent from 40 percent in April 2011 as Britain seeks to claw back lost tax revenue caused by a deep recession.

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  2. #2
    Affiliate Manager Jasonn's Avatar
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    what's the average top tax rate in Europe?
    Jason
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  3. #3
    ABW Adviser Panel Dynamoo's Avatar
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    There's a useful chart on Wikipedia here.

    50% is at the 150,000 level ($217,000).
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  4. #4
    ABW Adviser Panel Dynamoo's Avatar
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    Most people in the UK only pay 20%, or 40% of anything over about 35000. But add to that a 15% sales tax, local taxes that can run into thousands of pounds per year, duty on gasoline, road tax, alcohol and tobacco duties and a whole host of other things, then the tax rate can be pretty high.
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