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Before Thatcher... (hexbear.net)
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[-] CarbonScored@hexbear.net 59 points 2 days ago* (last edited 2 days ago)

Before Thatcher, the top tax rate for highest earners was 83%. If it was classed as 'unearned income' (eg capital gains), the tax could have a 15% surcharge, meaning the top tax rate for unearned income was 98%. (Under Thatcher, that went down to 60% - the top rate now is just 45%.)

And people wonder why we suddenly don't have money to fund public services anymore.

[-] CocteauChameleons@hexbear.net 7 points 2 days ago

TIL Thatcher is more left than the American dems

this post was submitted on 02 Apr 2025
168 points (100.0% liked)

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