Quote by Andrew Lloyd Webber

Here's the truth. The proposed top rate of income tax is not 50 per cent. It is 50 per cent plus 1.5 per cent national insurance paid by employees plus 13.3 per cent paid by employers. That's not 50 per cent. Two years from now, Britain will have the highest tax rate on earned income of any developed country.

Here's the truth. The proposed top rate of income tax is not

Summary

This quote highlights the misconception surrounding the proposed top rate of income tax in Britain. It clarifies that the actual tax burden goes beyond the stated 50%, taking into account additional contributions from both employees and employers. By emphasizing that this cumulative rate surpasses that of any other developed nation, the quote raises concerns about the potential negative effects on the economy and individuals' incentive to earn income.

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By Andrew Lloyd Webber

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