Soak the middle class: Clegg wants to hit millions earning over £50,000 with higher tax bills By JAMES CHAPMAN and TIM SHIPMAN PUBLISHED: 22:58, 23 September 2012 | UPDATED: 10:37, 24 September 2012 Millions of middle-class Britons must get ready to pay higher taxes, Nick Clegg declared yesterday. With the nation facing its longest period of belt-tightening since the war, the Deputy Prime Minister said the âtop 10 per centâ â around 3million earning more than £50,500 â should brace themselves for new levies. Options include an end to tax relief on pension contributions for higher-rate taxpayers, an âaccessions taxâ to replace inheritance tax, and further increases in capital gains tax. At the Liberal Democrat conference in Brighton, Mr Clegg said he was confident that the Conservatives would sign up to new taxes on the top 10 per cent. Read more: http://www.dailymail.co.uk/news/art...rning-50k-higher-tax-bills.html#ixzz27b0Js3qT Soon, if you earn a dollar , you will be considered rich. Do we really want to go down this European road ?
A lot of Americans fled Europe to get away from losers like this. Europe had its time and it has been a train wreck ever since. BTW, who do leftists want to model the US economy after? Loser Europeans.