Hhwhat a dick!

I would have left to, 75% tax rate is ridiculous.

We'll have to agree to disagree on that one. Generally the Keynsian tax and spend societies have done better during the last years. Those of us who adhered to Monetarist economics during the last few decades haven't. We've had ridiculously low tax rates in the UK since the seventies. Increasingly people don't even pay it and stash it abroad. Your choice is to attack the weak or tax the rich, or a mixture of the two.

I'd leave too Cinds though I doubt it'd be Russia.

 

He should have it all offshore by now though if he'd played his cards right.

didn't we once have a top rate of tax of 99% in this country, twas in the 70's or did I imagine that. .  I recall there was a huge exodus of stars from the Music industry at the time as they were affected the most..one day over 90 days in the country and they got stung at the top rate..

 

I could have dreamed it all tho, my brain is unreliable nowadays

It was summit like that Olly 

 

Total lunacy.

ooooooh  I didn't dream it then. . .phew 

They kept sixpence in the poond. They still managed to run rollers, stop at the best hotels, do all manner of drugs and Marriane Faithful mind.

I wouldn't like to be in his shoes when he wakes up from this binge.

From 1974 to 1978 the top rate of tax was 83% on income. If the income was unearned such as interest and dividends there was an additional 15% unearned income surcharge making a total of 98%.

I'm sure these high tax rates existed from at least the Second World War. It was at least 90% during the famous one nation administrations of the 50's and 60's. 1971 saw a drop to 75%. Further drops occurred on the advent of monetarism.

the high tax rates were not on all a persons income tho were they?  just on amounts above £xM ?

 

Not that I ever had to worry about higher rates of tax

Indeed!

Gerard Depardieu made this advert for the Sovietsky Bank credit card a few months ago.

 

He's gone off to Russia to collect his new passport and to have a chat with his friend Vladimir Putin:

http://www.bbc.co.uk/news/world-europe-20921208

I saw that too! Apparently it was 75% on everything over a million euros or 815,000 poond. He has gone down in my estimation after associating with that lot! Though I doubt that will worry him.

Gerard Depardieu turning his back on the country that has bought his product almost exclusively and the country that has made him a very rich man.

And wanna tax him out existence.

Just seen him on the news,he has arrived in Russia to meet the President.

It would be comical if it wasn't so totally tragic.  Velvet, how gullible you are.  The super rich must wet themselves laughing when they read the comments of the little people, useful idiots crusading on their behalf.

 

So 75% on every Euro, which only kicks in on excess income over €1m (£800k) is 'taxing out of existence'.  Really?  On what planet is that?  My heart really does bleed!  You do understand that if Depardieu earns €1,000,001 he only pays the 75% rate on just €1.00? 

 

Try being out of work for more than six months and having modest savings of over £3k, when the state starts hacking into the miserly£71 JSA.  You don't get any JSA if you have savings over just £15k.

 

Or how about people in this country who have to pay prescription charges of £7+ an item out of Contributions Based JSA of just £71per week? 

 

It's a good job people didn't take the super rich's self serving attitude in WWII, otherwise they'd say,  "Can't be arsed to do my bit for this country, I'm buggering off to a neutral country with all my money.  Screw Britain, it's all about me and my wallet"

 

 

 

 

 

What's interesting about Depardieu's 'defection' to Russia, is that former Communist Russia now has a flat rate of income tax at just 13%, which no doubt, makes many UKIP types and Tories salivate with envy. 

 

As the Tories and UKIP like to tell everyone, such tax policies should be recipe for dynamic wealth creation, cutting edge business, entrepreneurship and should see hi-tech enterprise flooding into Russia.

 

However, what has happened is Russia has become a gangster state run by crooks in the pay of crooks.  Since the fall of Communism, Russia has been looted by white collar criminals, ex-KGB working for corrupt officials and gangsters.  In the ten years following the end of communism, the crony capitalists looted the economy and sent the proceeds to mainly Swiss banks. Billions flowed out of Russia and the Russian economy (already in huge trouble by 1990) shrank by half in the ten years following the fall of communism.  By 1999, Russia had gone from communist to 10% owning 50% of everything. 

 

How did all those oligarchs like Roman Abramovich get SO rich, SO quickly?