3 ms·
He's not taxed at 45% he just doesn't understand progressive taxation. You'd need to make like 1 million a year or more for the effective rate to be 45% i think
by larksimian 3y ago
He's not taxed at 45% he just doesn't understand progressive taxation. You'd need to make like 1 million a year or more for the effective rate to be 45% i think.
- gpderetta 3y agoWell yes, including NI the marginal tax rate is 47%, so you can only asymptotically reach it. But your effective tax rate is already 40% at 125k.