In the UK If you earn $100,000 That turns into £70,000 because of $ inflation Then around £30,000 goes to taxes £40,000 left... Basic Living expenses are £30,000 £10,000 left to save, invest, and spend. After running these numbers? I really wanna leave.
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That tax is nowhere near that much tbh mate. When your doing those sums keep in mind - the higher rates don’t kick in till after the threshold. You pay 20 percent till the higher bracket then the difference is the higher rate. It’s not all taxed at 40 points luckily.
Yes I do agree. It’s still very high for an ambitious person who looks to make more than the average salary. Better off elsewhere if you want to maximise your profits.
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But Keep in mind Kata - there is no upper limit lol. Aim for the stars
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Don’t you guys have VAT? So you’re taxed on all purchases?
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