Torillian on 16 July 2020
Ka-pi96 said:
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%.
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