What is the highest income tax has ever been in the IK?

[admarlow]

when was the top bracket of income tax at its highest in the uk? Ive been told it was 98% in the 70's is this true!!

[rja211077]

probably - think of the Beatles song 'Taxman' (George moaning about how much money they were taking off him - "well it's 1 for me 19 for you" (i.e. 95% tax).

[Flanker8]

Under Labour, obviously.

[kags]

I think the reference to 98% includes the addition for National Insurance. And don't forget the highest rate only applie to the top slice of income, not all of it!

[Sludge]

No. For a period under the first Wilson government every �1 of income over a certain figure (which I cannot recollect at the moment) was taxed at the penal rate of �1. 0s. 6d.