Interesting Fact # 1264 - Money

According to the Financial Times £2.5bn gross (£1.5bn net)will be raised by the super-tax on bank bonuses in the UK.

(Of course bankers are furious at the 50 per cent super-tax. The first £25,000 of bonuses is exempt, so a lot of banks have reduced bonuses to this amount, with the "understanding" that employees will be "seen all right" later, when this annoying tax is out of the way. Personally I think the tax should stay in place until every penny of taxpayer's money that was used to bail out the banks has been paid back.)

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