Re:Ask HN: What Is Happening in the UK?
by rymate1234 on Thursday September 29, 2022 @06:06AM
(#33018461)
> Due to the insidious tax policy of withdrawing the personal allowance when income reaches £100K
The affect of removing that doesn't seem to be that major, with the figures [1] appearing to work out at almost 1.5% less tax for those on £100k, and a little over 2.5% less tax for those on £200k -- hardly a huge decrease in the tax burden for those people.
The affect of removing that doesn't seem to be that major, with the figures [1] appearing to work out at almost 1.5% less tax for those on £100k, and a little over 2.5% less tax for those on £200k -- hardly a huge decrease in the tax burden for those people.
[1]: https://blogsmedia.lse.ac.uk/blogs.dir/8/files/2022/09/28sep...