Thursday, December 10, 2009

50% Bonus Supertax

Dont know if you heard the news but Alistair Darling announced that bonuses will be taxed an additional 50%.

My take home bonus will now be
50% (Bonus Tax) * 50% (the other half being deferred) * 60% (40% income tax) = 15% of the face value declared bonus...

Demoralising man. I feel cheated.

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