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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%
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.

Re:John McAfee found dead in Spanish jail after court approv... by mprev on Thursday June 24, 2021 @05:26PM (#27624002)
Don’t forget that you start to lose the personal allowance over £100k so there’s a point at which the marginal tax rate is around 60%.
Re:John McAfee found dead in Spanish jail after court approv... by midasuni on Friday June 25, 2021 @06:53PM (#27637237)
Yup. That level is at 50k if you have two kids. Even higher with three kids.