4 ms·
I think they're confused/disingenuous and talking about the _marginal_ tax rate at 100k. There's a segment of a few thousand pounds where your marginal tax rat
by maest 6mo ago
I think they're confused/disingenuous and talking about the _marginal_ tax rate at 100k.
There's a segment of a few thousand pounds where your marginal tax rate skyrockets because you lose your tax free allowance at that income level.
It's stupid, annoying and has some minor economic effects, but it's very different from a 71% income tax rate.
- exe34 6mo agoIt was a rhetorical question, of course they were being disingenuous. Marginal tax rate doesn't have the same ring as 70% tax.