UK Petrol prices
Richard J. wrote:
Coincidentally, for standard rate taxpayers, today is the day when
you stop earning money for the government and start earning it for
yourself.
In each year, almost 5 months worth of your salary goes in tax!
That can't be right; it would imply an average tax rate of 41%. I
think you'll find that such calculations start at the beginning of
the UK tax year, 6th April.
That's right... A standard rate income tax payer actually pays over 40% in
tax when you take into account indirect taxes
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