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I'm not sure what you mean by "20-25% layer", but there are other taxes besides income tax in the UK too : National Insurance contributions, Dividend Tax, Capit
by renaudg 10y ago
I'm not sure what you mean by "20-25% layer", but there are other taxes besides income tax in the UK too : National Insurance contributions, Dividend Tax, Capital Gains Tax, etc.
Overall, it's definitely less in the UK, but not enough to warrant saying French taxes are "through the roof" compared to them.
- user5994461 10y agoIn the UK. The income tax and the NI are both applied at the same time as a percentage of your gross salary. (Basically 20+11% or 40+2% if on the high tax bracket). In France. The taxes are layered. There is your gross salary, then one tax is applied (25%)... then another tax is applied (11-45%) on what's left ... then it keeps going on.