By Neil Cavuto
Forty-five years after the British invasion of the Beatles, get ready for "the beast." And let's just say this invasion won't leave you singing, though it likely will leave you swooning.
More like fainting, actually.
That's because this latest "Fab Four" is more like a "Fab 50." Not four guys singing -- try another 50 percentage points in taxing.
You heard me right: Britain set to hike taxes on bonuses of more than $40,000 by 50 percent. Fifty percent. That's on top of a top income rate of roughly 40 percent; which, if you're doing the math, amounts to a top rate of 90 percent.
Ninety percent! Nine-oh-my-god-percent.
Can you believe this? Believe it!
The one thing I do know is that the government never saw a tax it didn't love. I really like the line about how it is a one time tax.
Want to know more? Click here and here and here and here. (Bloomberg with the only somewhat positive note)
