42% of my yearly incentive bonus from work went to taxes. 42%. And when I use my incentive bonus to buy anything, I’ll be paying one of the highest sales tax rates in the United States on my purchases. This bothers me too.
I’m either getting old or starting to think more. Maybe it’s a little bit of both.
It’s frightening isn’t it. Mind you over here I am on 40% income tax (plus NI) and we pay scarily high VAT. I share your pain.
The tax on my incentive was 40% …. up from 33% last year (they told us that they undertaxed us last year…..)