|
Re: New Prime Minister: Liz Truss
Quote:
Originally Posted by nomadking
It's not even 5%, as it's 5% of earnings above £150,000, not the whole £150,000. The greater the earnings are above £150,000, the nearer the reduction gets to 5%. Eg £15m income gets a 4.95% reduction, but a £160,000 income has a 0.3125% reduction.
|
Miscalculation on my part. thought was getting rid of upper tax bracket completely
Last edited by Hugh; 23-09-2022 at 16:27.
|