Current Events — HabitableZone

Current Events » in reply to Hey, you treading water. Want an anvil?

Huh. What "massive tax"?

The controversial plan for an additional 3 per cent tax on the wealthy who now pay 42 per cent income tax, were unveiled by Mr Schröder's ruling Social Democrats at the weekend as part of the party's election manifesto.

Additional 3% going from 42% to 45% is not a massive tax increase. It is substantial, but hardly massive. Look at the days when the USA had a 94% bracket.

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