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The Langers Forum
Jesus lads, 'tis looking like BREXIT!
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<blockquote data-quote="How bad boy" data-source="post: 7109188" data-attributes="member: 3028"><p>Yeah, just checked, I'm quite a lot better off too.</p><p></p><p>My wife, who runs a small business which is still building, is no better off whatsoever. </p><p></p><p></p><p>A slightly better move, if you wanted to reward the highest paid, would have been to remove the Tax Free Allowance withdrawal over £100k. For every £2 over £100k you earn, £1 is taken off your tax free allowance, making your marginal tax rate over £100k is 60%, until you hit £125k at which point it drops back down to 45%</p><p></p><p>This essentially exacerbates this, meaning the highest taxed people are those earning £100-£125k, NOT those over £125k.</p><p></p><p>It's an anomaly that is worth fixing.</p></blockquote><p></p>
[QUOTE="How bad boy, post: 7109188, member: 3028"] Yeah, just checked, I'm quite a lot better off too. My wife, who runs a small business which is still building, is no better off whatsoever. A slightly better move, if you wanted to reward the highest paid, would have been to remove the Tax Free Allowance withdrawal over £100k. For every £2 over £100k you earn, £1 is taken off your tax free allowance, making your marginal tax rate over £100k is 60%, until you hit £125k at which point it drops back down to 45% This essentially exacerbates this, meaning the highest taxed people are those earning £100-£125k, NOT those over £125k. It's an anomaly that is worth fixing. [/QUOTE]
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Jesus lads, 'tis looking like BREXIT!
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