[Info-vax] HP stopping VMS paper documentation ?

[Paul Sture]

On Sun, 04 Dec 2011 15:14:15 +0000, Phillip Helbig---undress to reply
wrote:

> In article <epbsq8-il21.ln1 at news.sture.ch>, Paul Sture <paul at sture.ch>
> writes:
> 
>> I am led to understand that while the headline tax rates in Denmark are
>> so high, many don't actually pay that amount.  Sorry, don't know the
>> details, but back when the UK had high tax rates (marginally over 100%
>> in certain cases), there were plenty of mechanisms to escape that, such
>> as trust funds to educate and provide for kids.
> 
> I don't think that's the case in Denmark.  However, the highest bracket
> is nowhere near 100%.  (I realise that the fraction of income paid as
> tax is less than the highest bracket.  Still,the highest bracket is
> something over 50%, and the typical person probably pays about 40%. For
> that, there is free university education for the kids, health care etc.)

Yes, although the top rates are high, the typical person doesn't see 
those rates applied to the majority of their income.

What happened a few years ago in the UK was that the Labour government 
managed to spin the "standard rate" of tax into being the "headline rate" 
and claiming low taxes.  Meanwhile they weren't adjusting tax bands or 
personal allowances in line with inflation, so an increasing number of 
people were falling into the higher rate.  Also the personal allowances 
were so low that people who used to fall outside the scope of tax paid 
it, then got something called "tax credits" back.

Please don't ask me about the UK "tax credit" system.  When I first heard 
about it I asked in an accountancy forum and nobody there had an clue 
either :-)



-- 
Paul Sture