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Don't forget they don't take 90% from all your income - you pay it in thresholds: UK for EG (figures approx as I dont have time to look them up). First 11k 0%
by ljf 8y ago
Don't forget they don't take 90% from all your income - you pay it in thresholds:
UK for EG (figures approx as I dont have time to look them up).
First 11k 0%
11k to 44k 20%
45k and up 40%
So yes I pay 40% tax, but still take home a hell of a lot of my monthly paycheque