Re:John McAfee found dead in Spanish jail after court approv...
by midasuni on Wednesday June 23, 2021 @10:23PM
(#27613159)
$100k is £71k, you’d pay £21k in taxes on that which is 30%
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Re:John McAfee found dead in Spanish jail after court approv...
by Plyphon_ on Thursday June 24, 2021 @08:44AM
(#27616672)
Well our UK tax bands are marginal tax rates.
So you pay zero on the first £12,570 of earnings. Basic rate of 20% from £12,571 to £50,270 of earnings. And then 40% on £50,271 onwards.
(We have additional rate over £150,000 of 45%).
It's important to remember you don't pay a flat %age on your income. It's worked out as a precentage of income you earn inside the thresholds
Re:John McAfee found dead in Spanish jail after court approv...
by midasuni on Friday June 25, 2021 @06:52PM
(#27637232)
That’s all irrelevant. I was quoting actual tax paid, not marginal rates.
You also forget a major part of tax levied on workers but not on owners - national insurance.