Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on Suspicious Discontinuities. Parent comment
To lay it out in numbers:
BEFORE £1 pay increase: £X earnings, £Y benefits
AFTER £1 pay increase: £X + 1 earnings, £Y - 0.63 benefits
DIFFERENCE: £0.37
So a pay increase of £1 leaves you with an actual total increase of £0.37. This corresponds to an effective tax rate of £0.63.
There are no comments on this comment yet.
To lay it out in numbers:
BEFORE £1 pay increase: £X earnings, £Y benefits
AFTER £1 pay increase: £X + 1 earnings, £Y - 0.63 benefits
DIFFERENCE: £0.37
So a pay increase of £1 leaves you with an actual total increase of £0.37. This corresponds to an effective tax rate of £0.63.