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Plan to pedestrianise London's Oxford Street scrapped
On 13/06/2018 11:30, Recliner wrote:
I realise that you're not, and never will be, a high earner, so you can be excused for not knowing that some people in Britain have marginal tax rates of more than 20%. In fact, the top UK tax rate is 45%, plus 2% employees’ primary class 1 rate above upper earnings limit, so effectively 47%. Then again, at the bottom end, if you take withdrawal of benefits into account, some people have an effective tax rate in excess of 100%. I know one person who, if they work 20 hours a week instead of 16, is less well off in spite of working more, as they lose some in work benefits. -- Tciao for Now! John. |
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