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    With bonus tax I am referring to the bonuses of the company executives on high salaries, as you all full well know!

    Any personal income above £150,000 a year is taxed at 45% from April 2013, previously it was 50%.
    So wherever a salary plus a bonus go above £150,000 a year, it is taxed at the highest tax rate (currently 45%)..

    Hence, a bonus is taxed at 45% together with the basic salary, when these combined are above £150,000.

    Barry's and Keith's failed parties are the ones that got Britain's economy into the catastrophic mess it is in, so it should not be surprising they are both singing from the same hymn sheet in trying to ridicule what I am writing here.

    Spin doctor posts!

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