Working full time for minimum wage pays over £21,000pa these days.
After April a full time salary at minimum wage will be over £23,750pa
After April, to not be paying income tax you’d need to be working 21 hours pw or less.
I’d be interested in a further breakdown of this, industry, hours, continuing education etc.
But how many are over 60 and how many between 16-25? Totally not sustainable
Totally economically unsustainable – how can we have independence in a low wage economy with an extreme tax burden on a small amount of the population?
And how many of those earning a wage and paying tax are public sector…
We need to remove ourselves from the teat of the state and provide a boom to the private sector, and it’ll go a long way to solving our finances as well as our productivity crisis
How does this compare to similar sized countries?
Just showing income tax rates is slightly misleading given the vast majority pay income tax on earned income and therefore incur 10% NI (on earnings between 12.5k-50k), and 2% NI above £50k.
The tax bands look a whole lot worse then – and this table doesn’t show the loss of the personal allowance at £100k which when combined with NI is actually a marginal rate of 69.5% and not the 45% it implies.
Literally a marginal rate 54% HIGHER than what is shown.
The UK, and Scotland, are in desperate times when tax levels are this high and whilst public services are struggling this much. We’re going to need to tax more, but I’m not sure normal people paying yet more through salaries is going to be it…
The only non-painful answer is to grow out of it, but productivity and median earnings are basically the same today as they were in 2008…
_bUt mOsT ScOtS pAy LeSS tAx tHaN rUK_
Yes, dear, that’s because most Scots earn bugger all to begin with. As this data shows.
The Tripling of the PA since Blair years to today was such a huge error. A huge error.
It’s now the highest PA in the West, and economic realities are such that wide bases make high peaks.
And yet when you ask people if they’d rather cut the rates or increase the bands, they’d rather the bands go up despite the rates driving avoidance behaviour. Crazy.
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Well that’s sustainable…
I’d imagine a load of those are part-timers.
Working full time for minimum wage pays over £21,000pa these days.
After April a full time salary at minimum wage will be over £23,750pa
After April, to not be paying income tax you’d need to be working 21 hours pw or less.
I’d be interested in a further breakdown of this, industry, hours, continuing education etc.
But how many are over 60 and how many between 16-25? Totally not sustainable
Totally economically unsustainable – how can we have independence in a low wage economy with an extreme tax burden on a small amount of the population?
And how many of those earning a wage and paying tax are public sector…
We need to remove ourselves from the teat of the state and provide a boom to the private sector, and it’ll go a long way to solving our finances as well as our productivity crisis
How does this compare to similar sized countries?
Just showing income tax rates is slightly misleading given the vast majority pay income tax on earned income and therefore incur 10% NI (on earnings between 12.5k-50k), and 2% NI above £50k.
The tax bands look a whole lot worse then – and this table doesn’t show the loss of the personal allowance at £100k which when combined with NI is actually a marginal rate of 69.5% and not the 45% it implies.
Literally a marginal rate 54% HIGHER than what is shown.
The UK, and Scotland, are in desperate times when tax levels are this high and whilst public services are struggling this much. We’re going to need to tax more, but I’m not sure normal people paying yet more through salaries is going to be it…
The only non-painful answer is to grow out of it, but productivity and median earnings are basically the same today as they were in 2008…
_bUt mOsT ScOtS pAy LeSS tAx tHaN rUK_
Yes, dear, that’s because most Scots earn bugger all to begin with. As this data shows.
The Tripling of the PA since Blair years to today was such a huge error. A huge error.
It’s now the highest PA in the West, and economic realities are such that wide bases make high peaks.
And yet when you ask people if they’d rather cut the rates or increase the bands, they’d rather the bands go up despite the rates driving avoidance behaviour. Crazy.
So Scotlands fucked then?