Comment Comment by scaphandre You can't sum the marginal rate to get the 'effective rate'.The effective rate of income tax in the UK is closer 37%, not 60%, at an income of £121k. https://en.wikipedia.org/wiki/File:Percentage_IT_and_NI_and_... parent scaphandre 8 years ago
The effective rate of income tax in the UK is closer 37%, not 60%, at an income of £121k. https://en.wikipedia.org/wiki/File:Percentage_IT_and_NI_and_...