The talisman tax

摘要

As much a talisman as a tax, the 50% top .iYrate of income tax has emerged as the subject the coalition government argues about when its leaders aren't around to quell dissent. It is paid on annual earnings over £150,000 ($246,000) and catches only 300,000 people, but is more fiercely debated than other fiscal tariffs that affect many more Britons. It was introduced by the previous, Labour administration but only came into force in April 2010-retained by the coalition through a mix of Conservative nervousness about seeming to coddle the rich, and the punitive instincts of their Liberal Democrat partners.