Quote:
Originally Posted by GatorB
That's like $300K in US $$ right? Who fucking cares. YOU don't make that so why give a shit? I'm 100% sure that 99% of people would LOVE to earn enough to pay 53% in income taxes.
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Well it varies but its anywhere between $250k and $300k and Yes thats only what you pay over the $300k, not all of your wages.
First £6k (around 10k USD) is tax free, then the next part up till £40k (about $60k-$80k) is just 20% tax, then 40% up to this new level of 45% for the part over £150k (over $250-$300k USD)
UK tax is actually very low compared to the rest of Europe, but higher than the states.
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