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But honest day’s work income has an additional payroll tax which totals about 20% marginal for the majority of people (plot about 60/40 between employer and emp
by chgs 2y ago
But honest day’s work income has an additional payroll tax which totals about 20% marginal for the majority of people (plot about 60/40 between employer and employee).
Far better to be paid in shares.
- yzydserd 2y agoOh yes National Insurance Contributions. They’re a bit messed up imho. The employee pays 8% to NICS on earnings between 12.5 and 50k. For income over 50k, it’s 2%. The employer pays 13.8%, and some people assert the employee ultimately pays the cost through a lower salary.
- chgs 2y agoWell at my company it comes from the same budget. Doesn’t matter how you hide it.