Famous quote by Andrew Lloyd Webber

Mobile Desktop
Heres the truth. The proposed top rate of income tax is not 50 per cent. It is 50 per cent plus 1.5 per cent national in
Like

"Here's the truth. The proposed top rate of income tax is not 50 per cent. It is 50 per cent plus 1.5 per cent national insurance paid by employees plus 13.3 per cent paid by employers. That's not 50 per cent. Two years from now, Britain will have the highest tax rate on earned income of any developed country"

- Andrew Lloyd Webber

About this Quote

This quote by Andrew Lloyd Webber is referring to the recommended top price of revenue tax obligation in Britain. He is pointing out that the price is not really 50%, however rather a mix of 50% plus 1.5% nationwide insurance coverage paid by employees as well as 13.3% paid by companies. This means that the complete rate of tax is in fact 64.8%, which is dramatically higher than the 50% rate that was initially proposed. Lloyd Webber is alerting that if this rate is carried out, Britain will certainly have the highest possible tax price on gained revenue of any developed country in 2 years time. This can have an adverse impact on the economic situation, as it might discourage people from working as well as earning money.

About the Author

United Kingdom Flag This quote is written / told by Andrew Lloyd Webber somewhere between March 22, 1948 and today. He was a famous Composer from United Kingdom. The author also have 28 other quotes.

Go to author profile

Similar Quotes

Small: In the 5 years, well over 60,000 American families have been broken apart by the absence of insurance because
"In the 5 years, well over 60,000 American families have been broken apart by the absence of insurance because the only way for parents to get treatment for their children is to turn the custody of those children over to the State"
Patrick J. Kennedy, Politician
Small: Now is not the time to give greater protections to pharmaceutical companies that put unsafe drugs like Vioxx o
"Now is not the time to give greater protections to pharmaceutical companies that put unsafe drugs like Vioxx on the market. Such protections have nothing to do with the liability insurance crisis facing doctors and should be stripped from this bill"
Dennis Cardoza, Politician
Small: There are worse things in life than death. Have you ever spent an evening with an insurance salesman? - Woody
Woody Allen
"There are worse things in life than death. Have you ever spent an evening with an insurance salesman?"
Woody Allen, Director
Small: For almost seventy years the life insurance industry has been a smug sacred cow feeding the public a steady li
Ralph Nader
"For almost seventy years the life insurance industry has been a smug sacred cow feeding the public a steady line of sacred bull"
Ralph Nader, Lawyer
Small: Facts are, insurance ratings are really dependent on the notion that some people are higher risk than others -
"Facts are, insurance ratings are really dependent on the notion that some people are higher risk than others"
Patrick J. Kennedy, Politician
Small: Skyrocketing insurance premiums are debilitating our Nations health care delivery system and liability insurer
"Skyrocketing insurance premiums are debilitating our Nation's health care delivery system and liability insurers are either leaving the market or raising rates to excessive levels"
Jim Ryun, Athlete
Small: The majority of Americans receive health insurance coverage through their employers, but with rising health ca
"The majority of Americans receive health insurance coverage through their employers, but with rising health care costs, many small businesses can no longer afford to provide coverage for their employees"
Jim Ryun, Athlete
Small: Whos paying the million bucks? The insurance company. Weve been trying for years to get the insurance industry
"Who's paying the million bucks? The insurance company. We've been trying for years to get the insurance industry to say to the gun industry, We won't insure you unless you have policies that will reduce the likelihood of guns falling into the wrong hands easily"
Michael D. Barnes, Politician
Small: The automatic stabilizer is unemployment insurance, food stamps, additional coverage of Medicaid - Franklin Ra
"The automatic stabilizer is unemployment insurance, food stamps, additional coverage of Medicaid"
Franklin Raines, Businessman
Small: When I came to Congress, like our first panel, small business people, 64 percent of the people had health insu
"When I came to Congress, like our first panel, small business people, 64 percent of the people had health insurance. We'd buy it. Now, we're down to about 34 percent. That's why we have to do something on health care in this country because the cost is killing us"
Bart Stupak, Politician