Earlier quoted context omitted.
> Taxes are rising (with tax take falling) > just mentioning increased immigration One of these seems like the solution to the other. > as long as those people leaving are straight, white males, or their families, they're being told "good riddance" regardless of the brain drain and loss of tax income Having UK work experience and having talked to thousands of british folks over a decade, I find this hard to believe.…
> Having UK work experience and having talked to thousands of british folks over a decade, I find this hard to believe I only have to look as far as my own wallet to see the effects. I'm being taxed to the eyeballs while there is a glass ceiling preventing me taking any more pay home without a major jump which just isn't coming due to stupid tax rules keeping the working class from bumping into the middle class. I se…
That is not how marginal tax rates work. Each income band is taxed at the rate for that band. It’s why it’s called “marginal” - because the rate change happens at the margin between brackets.
You are taxed 0% on your first £12571. You are taxed 20% on your next £37669, or, £7359.80 on £50270 of income. If you then earned one more pound, or £50271, you would owe £0.40 (40%) on that one additional pound only, for a total of £7361.20. There is no income stage where earning more money has you taking home less.