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Ka-pi96 said:
EnricoPallazzo said:
40% tax in UK.
Jeremy Corbyn wanted to increase it even more. Someone gotta pay for all the socialism. Until the money runs out.

Only for people who earn over 40k a year. And the first 10k is tax free too so even if you were earning 40k you'd only be paying 30% tax (40% of 30k).

Is that new? I just tossed 50,000 gross income into a UK effective tax calculator and got 12,400 as the taxes which would be ~25%.