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rob, Sun 1 Apr 2001, 1:00)
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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, 1 reply, 11 years ago)
but they still earn more and yet pay tax at a lower percentagethis is the bit that does not make sense.
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rachelswipe with a fork, Thu 15 May 2014, 15:51,
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