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Anorak News | Michael Caine’s Tax Burden Forces Him To Leave Britain

Michael Caine’s Tax Burden Forces Him To Leave Britain

by | 27th, April 2009

michael-caineMICHAEL Caine will quite the UK when tax reaches 51 per cent:

“Tax got to 82 per cent [in the 1970s] and I thought this was kind of unfair,” he said. “Also, I see… that the government has taken it up to 50 per cent and if it goes to 51 I will be back in America.

“I will not pay the Government more than I get. No way, ever. So they’ve reached their limit with me. That’s the lot.”

Of course, if Sir Michael is employed:

  • if you earn above £110 a week (the ‘earnings threshold’) and up to £844 per week you pay 11 per cent of this amount as ‘Class 1’ NICs
  • you also pay one per cent of earnings above £844 a week as Class 1 NICs

Fifty percent plus one percent equals… 51%.

So this is goodbye…



Posted: 27th, April 2009 | In: Celebrities Comments (3) | TrackBack | Permalink