Exact(12)
The level of income at which the top rate becomes payable also varies.
Conservative Would increase the threshold at which the 40p rate of tax becomes payable to £50,000 by 2020.
Mr Brown doubled the threshold at which the starting rate of 1% becomes payable (on the whole purchase price), from £60,000 to £120,000.
Including local taxes, Sweden's top marginal rate of income tax is almost 60%, and (worse still) becomes payable at an income of SKr209,200 ($28,000).
But as this is below the threshold of £125,000 at which SDLT currently becomes payable, there will be no tax bill.
Under such a tax system, the heavier tax bill becomes payable only if a person is lucky enough to end up among life's biggest winners.
Similar(48)
In European countries invalidity pensions became payable after full short-term sickness benefit rights had been received.
When an airline goes bust, however, the deferred tax could become payable sooner than expected, and the money in the SPE could be at risk.
It remains unclear how much exposure banks in Paris and Frankfurt have to Greece through credit derivatives, which insure business transactions and would become payable in the event of a default.
The B. of A. loan became payable if WorldCom stock declined as far as it has, but it is not clear when WorldCom provided the money to pay off the loan.
The annual report states that this year's bonuses will have clawback provisions, although it also says dismissal could see the boss claim "all of the bonus which would have become payable up to the date of notice being served by the company".
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