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£100000 is only £65000 after taxes

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Original post by Trapz99
You fogot having to pay national insurance, that's like another £5000


I said "excluding National Insurance"... the OP made no mention of National Insurance... I was just explaining the tax system because nobody else in this thread has actually broken down what you actually pay in tax and why
Original post by Shashasheesh
I said "excluding National Insurance"... the OP made no mention of National Insurance... I was just explaining the tax system because nobody else in this thread has actually broken down what you actually pay in tax and why


He did

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Original post by Ladbants
Why should non-wealthy people only pay 20% then? It's just unfair to people who have worked hard.


Because non-wealthy people may be literally unable to afford a house or food if a higher amount of tax is taken, whereas this cuts more into the leisure money of a higher earner. Otherwise poorer people would require more benefits just to make ends meet, which is counter-productive
Imagine you're about to buy your second house and then realise you have to pay 26k stamp duty for a 450k house :laugh:

God kill me.

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