In article ,
Roger Chapman wrote:
I don't know for sure but I would have thought that royalties on an
invention would be classed as earned income rather than unearned income.
Hickman moved to Jersey in 1977 leaving behind a income tax regime that
penalised just about everybody. Even us plebs had been paying a basic
rate of 35% for the past two years and most would have left the country
given half a chance. Higher rates went up to 83% on earned income and,
as John has already pointed out, 98% on unearned income.

All that happened since is taxation was swopped from direct to indirect.
Meaning the average to lower paid have more of an *overall* tax burden.
Unless a hermit.

The majority really are rather clueless about how much of their money goes
on tax - and seem to prefer indirect rather than direct. And that only
favours the rich...

--
*Why are a wise man and a wise guy opposites?

Dave Plowman London SW
To e-mail, change noise into sound.