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Tax revenues as a percentage of GDP for the UK in comparison to the OECD and the EU 15. In 1971, the top rate of income tax on earned income was cut to 75%. A surcharge of 15% on investment income kept the overall top rate on that income at 90%. In 1974 the top tax rate on earned income was again raised, to 83%.
Poverty within the UK is particularly concentrated in Wales. While the relative income-poverty rate for the UK stood at 16.8% in 2014, the same poverty rate for Wales stood at 23% in the same year. [95] [96] Poverty in Wales has remained in the 25% range, with only small dips throughout the last decade. [96]
Although the US agreed to cancel $20 million in Lend Lease debt, the UK was forced to obtain a $3.75 billion loan from the United States at 2% interest in December 1945. [218] The US/UK trade imbalance was perilously high, forcing the extension of rationing to lessen the imbalance and preserve precious US dollars for the servicing of loan ...
The top 0.1% are 90% male and 50% of these people are in the 45 to 54 year age group. 31% of these people live in London and 21% in South East England. 33% of these people are company directors (as reported to HMRC). 30% work in finance and 38% in general business (includes law).
In the United States, down payments for home purchases typically vary between 3.5% and 20% of the purchase price. [1] The Federal Housing Administration has advocated lower down payments since its inception in 1934, and, currently, borrowers that qualify for an FHA loan pay only 3.5% for a down payment.
Canada's economy is considered to have been in recession for two full years in the early 1990s, specifically from April 1990 to April 1992. [7] [8] [a] Canada's recession began about four months before that of the US, and was deeper, likely because of higher inflationary pressures in Canada, which prompted the Bank of Canada to raise interest rates to levels 5 to 6 percentage points higher ...
A large suburban home valued at roughly $1,000,000 (2006) in Salinas, California, shown for scale of purchasing power Global share of wealth by wealth group, Credit Suisse, 2021 [1]
Suppose the current stock price of IBM is $100. A call or put option with a strike of $100 is at-the-money. A call with a strike of $80 is in-the-money (100 − 80 = 20 > 0). A put option with a strike at $80 is out-of-the-money (80 − 100 = −20 < 0).
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