On: Suspicious Discontinuities

[peteretep]

In the UK there's already a higher-than-50% marginal tax rate between £100 and £120k because you lose your personal tax allowance.

[iainmerrick → peteretep]

Yes! That’s silly and should be fixed (although it’s hard to drum up any sympathy for those poor folks earning only 110K or so).

Edit to clarify: if your salary is £100K and you get a £10K raise, you see almost none of it in your payslip. But if you’re on £120K and get the same raise you get to take a good chunk of it home. That’s what seems silly to me.

[2zcon → peteretep]

It's over 50% at £50k if you have a plan 2 student loan