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0 sats \ 0 replies \ @blocktock 6 Sep 2022 \ parent \ on: Daily discussion thread
She says there isn't but there is. It'll be 90% income taxes once out of the woods, look what happened during comparable periods in history following conflict.
The 1st World War led to income tax being raised to 30% to pay for military expenditure while the surtax was set at 41% in 1938 to pay for Britain’s rearmament programme in the run-up to the 2nd World War.
During the 1950s and 1960s, income tax in the UK was at its highest levels reaching 90% at its highest rate. In 1965 a separate Corporation Tax was established for businesses.
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