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Is The Tax In Britain 40 Percent Of Your Wages ? - Foreign Affairs - Nairaland

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Is The Tax In Britain 40 Percent Of Your Wages ? by buzugee(m): 3:07pm On Aug 20, 2011
this is highway robbery
Re: Is The Tax In Britain 40 Percent Of Your Wages ? by nwabobo: 3:16pm On Aug 20, 2011
40% is for earnings of 40,000 GBP or therabout and above while earnings of 150,000 and above are taxed at 50%. Below 40,000  and above your tax free income which is around 7,500 GBP is taxed at 20%.

But at least you get value for your money, so people are happy to pay.
Re: Is The Tax In Britain 40 Percent Of Your Wages ? by buzugee(m): 3:21pm On Aug 20, 2011
nwabobo:

40% is for earnings of 40,000 GBP or therabout and above while earnings of 150,000 and above are taxed at 50%. Below 40,000  and above your tax free income which is around 7,500 GBP is taxed at 20%.

But at least you get value for your money, so people are happy to pay.
thanks nwaobo. i preciate the breakdown. so basically the more you earn the less of your money you see. splendid undecided
Re: Is The Tax In Britain 40 Percent Of Your Wages ? by montelik(m): 4:27pm On Aug 21, 2011
More money, more problems. grin
Re: Is The Tax In Britain 40 Percent Of Your Wages ? by buzugee(m): 6:04pm On Aug 21, 2011
montelik:

More money, more problems. grin
you ain lie mayne grin

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