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Have you ever cared how much tax you pay? (feddit.uk)

submitted 5 days ago by manicdave@feddit.uk to c/asklemmy@lemmy.ml

108 comments fedilink hide all child comments

It's always talked about in the media as if everyone cares, but I don't think I've ever heard a normal person complain.

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[–] Tomato666@lemmy.sdf.org 5 points 4 days ago (1 children)

In the UK there is a crazy band between £100k and £125k where for each two pounds above £100k you lose one pound from your personal allowance (personal allowance is £12.5k).

The effective tax rate for this is 60% then it carries on at the regular 40%

Always has struck me as odd.

Never paid this rate myself because I don't get paid enough. Apparently it disincentives doctors from doing overtime.

[–] wewbull@feddit.uk 4 points 4 days ago

I recruit some people into this band. It always amazes me how much people care about whether they are paid £100k or £110k. The difference is about than £72 a week when they're already getting paid over £1,300 a week (after tax).

Ego.