4 ms·
That's the marginal tax rate. It's not your effective tax rate.
by HappyTypist 11y ago
That's the marginal tax rate. It's not your effective tax rate.
- throwaway12309 11y agoSorry, can you explain the difference? When I was in the UK that was basically what I paid and never got anything back.
- IanCal 11y agoThe marginal tax rate at £50k is actually 42%, just looking at income tax (40%) and NI (2% at that point).