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A comment on Why higher-income workers in California may get surprised by tax hike in 2024. Parent comment

Re:Why higher-income workers in California may get surprised... by olddustytrail on Sunday October 08, 2023 @08:08AM (#37809766)
That's incorrect for the UK, though the gov page is confusingly worded. The basic rate is applied to £37,700 of income but you have to add the tax allowance of £12,570 onto that, so the 40% rate kicks in at £50,270.

Edit: plus it's not exactly the UK since Scotland has different tax rates and services but I think it's confusing enough already.

[ Parent | on HN ]
Re:Why higher-income workers in California may get surprised... by infinityio on Sunday October 08, 2023 @08:46AM (#37809971)
to summarise this - in practice, a person earning £50,270 under 1257L is paying 24% of their income as tax. Ever £1 they earn above this value is taxed at 40% up to £125k (although there are also some losses of benefits at £100k)
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