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by midasuni 876 days ago
The kid tax is at 50k, if you have student loans and 2 kids the marginal tax at 50-60k is 69%, then back to 42% for 60-100, then upto 62% 100-125, then 40% upto 150, then 45% above that.

(Numbers approximate)

1 comments

It's also worth noting that £100k in the UK puts you firmly into the top 5% of earners (according to the IFS anyway).
Even so, you can't agree that the marginal tax graph makes any sense at all.