earnings
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Amidst all the talk of Tony Blair’s post-office earnings, it is interesting to read in The Times of Barack Obama’s post-presidency ambitions. In Jodi Kantor’s new book on the Obamas, the president is quoted telling old friends off the couple that: ‘When I leave office there are only two things I want. I want a plane and I want a valet.’ Now, I am sure Obama made the r...
submitted by Spectator on 9th Jan 2012 (via spectator.co.uk)
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1
votes
Guardian subs to the retraining camps please 6 Jan 2012:Editorial: Despite these straitened times an Oxford-based campaign wants volunteers to donate 10% of their earnings And what earnings do volunteers have pray?
submitted by TimWorstall on 7th Jan 2012 (via timworstall.com)
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1
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Interesting point In the interests of full disclosure I should say that I’ve paid tax at the 50% rate ever since it was introduced.  I may not do so in the 2012-13 tax year.  I can tell you that there’s a psychological impact from direct taxes exceeding half your marginal earnings: it’s OK for you not to
submitted by TimWorstall on 9th Dec 2011 (via timworstall.com)
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1
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No choice really The draft proposals will aim to modify the Controlled Foreign Companies legislation, which taxes UK-based companies on their overseas earnings. Companies, including Sir Martin Sorrell’s WPP, have left the UK over the tax. The current CFC rules are illegal under EU law. As they found out with Cadbury and Vodafone. And a measure that will
submitted by TimWorstall on 6th Dec 2011 (via timworstall.com)
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Mr John Redwood (Wokingham) (Con) rose — Mr Byrne (Birmingham Hodge Hill) (Lab): I shall give way in a moment. The weakness in the jobs market is not abstract; it shows up in people’s pay packets. That is exactly what the Office for Budget Responsibility confirmed yesterday. Earnings, it says, are now set to fall
submitted by JohnRedwood on 5th Dec 2011 (via johnredwoodsdiary.com)
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Are tax records supposed to be secret or not? Ministers believe the current system is too reliant on parents declaring their true earnings voluntarily. Under the reform plans, child support officers will check the incomes of absent parents against their tax records to make it more difficult for them to lie about their earnings. Anyone know? Is this a breach in the privacy wall
submitted by TimWorstall on 2nd Dec 2011 (via timworstall.com)
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1
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An exercise for the reader Here’s how we should be measuring the top marginal tax rate in a US sense: For the U.S. economy, the current top income marginal tax rate on earnings is about 42.5 percent, combining the top federal marginal income tax bracket of 35 percent with the Medicare tax and average state taxes on income and sales.
submitted by TimWorstall on 1st Dec 2011 (via timworstall.com)
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1
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George Osborne's announcement of a review into earnings in different areas angers trade unions ahead of Wednesday's strike by workers
submitted by FT on 30th Nov 2011 (via ft.com)
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Oh dear Eoin The above graph shows the farm-gate price of 1 litre of milk. It is now at an all time high since records began in 1970. Facepalm. He’s not adjusted for inflation. 1971 price of milk at farm gate was 4.16p. Adjust by retail price index and this is now 44p. Adjust by average earnings and it’s 75p
submitted by TimWorstall on 28th Oct 2011 (via timworstall.com)
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1
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Fears that levy is deterring American companies from repatriating their foreign earnings and using them to invest and create jobs in the US
submitted by FT on 27th Oct 2011 (via ft.com)
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