How is it fair that my friend on a 14.4k salary hardly gets taxed. Im on a 21k salary and i get taxed much more.
He earns 14.4k before tax, after tax goes home annually with 13.3k. Work hours 35 per week. Mon-Fri 8.30am-3.30pm
I earn 21k before tax, after tax I get 17.5k per year. Work hours 40 per week.
9.30am-5.30pm. Mon- Fri
I put in more hours, earn more but i’d rather have less hours earn less due to this tax system. In hindsight this 3-4k extra doesn’t seem like much at all. He gets to save more because he lives with his family. Most my money goes towards rent, bill, food expenses, helping my family out. All of which are not his circumstances. Last year he managed to save 9k from his salary, I could just about save 6.5k I know i’m complaining but It’s unfair, the tax system needs to be re-evaluated and people should be taxed due to their circumstance not their salary.