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Old 6th July 2007 | 23:52
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Re-Heat
 
Joined: Dec 1999
Posts: 1,606
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From: UK
It's not so much the rates that change every year (although they have this coming year in a rare simplification measure by Gordon) - it is usually that the rate subject to tax rises each year so as to counter the effect of inflation (or less than the effect if the government has a funding shortfall!)

Everything in the UK is conventionally quoted pre-tax.

A tax accountant (I am not tax) told me over a drink that the UK is actually quite lax in the tax rates - though shocked for a short while, my colleagues seconded the New York have discovered that although federal taxes are OK, state taxes on top of those can make overall tax shockingly high...!
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