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Joined 2 years ago
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Cake day: June 26th, 2023

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  • In the UK there is a crazy band between £100k and £125k where for each two pounds above £100k you lose one pound from your personal allowance (personal allowance is £12.5k).

    The effective tax rate for this is 60% then it carries on at the regular 40%

    Always has struck me as odd.

    Never paid this rate myself because I don’t get paid enough. Apparently it disincentives doctors from doing overtime.