There should never be a maximum amount, just an increasing percentage of the marginal pound taxed. If you're an annual billionaire, you can still get up in the morning looking forward to a 10% raise, it's just that 99 pennies of the last pound you get are taxed. But you *will* get that last penny, and probably for doing less work than I do for my last penny. And it adds up to another million pounds for you, even if 99 million does go into the public coffers.
A hard cap is so unnecessary, that it makes me wonder who's putting it around that that and unlimited compensation with low marginal top tax rates are the only two possibilities on the table.
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andrewducker) wrote2012-02-09 01:22 pm
no subject
A hard cap is so unnecessary, that it makes me wonder who's putting it around that that and unlimited compensation with low marginal top tax rates are the only two possibilities on the table.
no subject