And I get a P60 form at the end of the year, showing a summary for the year.
It's on my payslip every month.
And I get a P60 form at the end of the year, showing a summary for the year.
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Remember...
Taxes were what founded this country. Or... well the abhorrence of taxes.
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greg@gregfolkert.net "No snowflake in an avalanche ever feels responsible." --Stanislaw Jerzy Lec |
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Damn Tea Party
Messing us up again... Bitter irony?
Just a few thoughts,
Dan |
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Bitter Tea... more like.
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greg@gregfolkert.net "No snowflake in an avalanche ever feels responsible." --Stanislaw Jerzy Lec |
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do they break it down at all or is it just a single sum?
What percentage would be interesting as well. How do you handle job expenses that your job doesn't cover? Home internet, gas costs for short trips etc?
Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free American and do not reflect the opinions of any person or company that I have had professional relations with in the past 58 years. meep
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What is this thing you earth people call
"job expenses that your job doesn't cover"?
If I spend money, I claim it back. There's no tax implication. Every mile I drive for work is accounted and claimed for. If I were being taxed on BIKs, such as fuel, that would be broken out. |
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Does 30% on 62K sound about right?
I used this http://www.listentotaxman.com/index.php
and have no idea if that's right. I didn't plug anything into "pension" contribution, nor "allowances/deductions" nor "childcare vouchers". Just clicked "married" and put in 62K pounds (approx $100,000 US) for an example. |
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Wouldn't be a million miles out.
Probably a little bit higher. The higher tax rate (40%) kicks in at ~£35K, so:
£0-10K: untaxed £10-35K: 20% £35K-whogivesacrap: 40% |
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Interesting.
If you're at or near US household median income (51K USD/year), you'd take home *more* if you had your tax code and national health insurance than you would here (assuming you purchase a family health insurance plan through your employer). With the added bonus of not needing to file for bankruptcy if you or a family member gets sick.
I've always suspected that would be the case, but now I know it. Thanks! |