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(, Sun 1 Apr 2001, 1:00)
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I don't think you understand how income tax rates work.

(, Thu 15 May 2014, 15:36, 1 reply, 11 years ago)
which bit of that do you think is incorrect?
www.telegraph.co.uk/finance/personalfinance/consumertips/tax/10828657/Tax-system-flaws-leave-professionals-paying-60-per-cent.html
(, Thu 15 May 2014, 15:36, Reply)
the 'higher rate' is only on the 20k between 100 and 120.
Someone on, say, 140 will pay 20% on the first 42 or so, then 40 on the next bit up to 140 (assuming no pension conts). At no time is 60% the marginal rate or even the rate on whole income.

The telegraph are misleading you.
(, Thu 15 May 2014, 15:41, Reply)
but they still earn more and yet pay tax at a lower percentage
this is the bit that does not make sense.
(, Thu 15 May 2014, 15:51, Reply)
no, the rate is not lower.
Do the sums.
(, Thu 15 May 2014, 15:53, Reply)

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