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Brits Put Whopping Tax on Bank Bonuses - HuffPo

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Jason Paz
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listair Darling, the U.K.'s Chancellor of the Exchequer -- sort of like a Treasury Secretary, but with more pluck -- announced today that he will impose an immediate, one-time 50-percent tax on bonuses of more than 25,000 pounds (about $40,800). That's on top of regular income taxes.
The New York Times calls it "the most direct attack on bonuses anywhere in the world."
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Born a month before Pearl Harbor, I attended world events from an early age. My first words included Mussolini, Patton, Sahara and Patton. At age three I was a regular listener to Lowell Thomas. My mom was an industrial nurse a member of the (more...)
 
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