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I seem to recall it was 98%. - so it sounds like
yr. 97.5 was correct.
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Andrew Nopper
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx">realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, May 16, 2002 1:25
PM
Subject: Re: [RT] taxes off topic but
interesting.
I can top that. Back in the 60's or
early 70's in the U.K., the highest marginal rate of tax on unearned income
over a certain level was either 92.5% or 97.5%, I forget which.
Andrew
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Ira Tunik
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx">realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, May 16, 2002 12:34
AM
Subject: Re: [RT] taxes off topic but
interesting.
I remember when options income was classified as unearned
income and subject toa max tax of 75%. Now that is a
hit.To
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