Tag: taxes

Money can do strange things to people. A few years back, a survey in England asked people to imagine first that the average income was £100,000, but they earned £125,000. Second, they were to imagine that the average income was £200,000, but their income was £175,000. They were then asked which they would prefer. The majority chose £125,000—they would rather have the possibility of lower spending opportunities if it kept them ahead of the pack!