Quote:
Originally Posted by Bilbo1967
These aren't the actual thresholds in use in the UK, I think that they are 22%, 40% and 50% (40% kicks in at 40k and 50% at 100k I think, but don't quote me on it). This means that you don't get the situation where it's better to be paid 99k rather than 100k for example.
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In the US you can get into the situations where you make more money, by making less. A few years ago I actually took home less money after a raise, than I did before it. I even tried to talk the company into taking the raise away, and rolling it into the next years raise so it would be worth it......
These complex taxing schemes can create some interesting problems....