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Hefty Tax Hike

April 22nd, 2009

In November, I announced a new rate of income tax of 45 percent on incomes above 150,000 pounds — the top one percent of taxpayers

In order to help pay for additional support for people now, I have decided that the new rate will be 50 percent and will come in from next April — a year earlier

– Chancellor Alistair Darling of Great Britain talks about recouping lost revenue in the United Kingdom.

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