Indeed so. Which is why you start to see people complaining once tax rates go above 40%. (View Post)

Yes, and the freezing of the 40% threashold will drag more people into it in the next few years. Add the student loan and you’re already over 50% marginal deduction rate at only £50k salary. (View Post)

Indeed so, its very existence moves the income tax Laffer curve to the left across Europe. The UK is getting towards a very dangerous situation where the median income is a net receiver of public mon… (View Post)

Luckily Monaco exists, as a check on Western governments, that they can’t arbitrarily confiscate ever-increasing amounts of tax from a smaller and smaller number of people. (View Post)

No-one dares say that the US is going gangbusters. (View Post)