Talk:List of countries by tax rates: Difference between revisions - Wikipedia

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==UK top rate of tax==

As of 6 April 2010 the UK's top marginal rate of tax is 60 percent, applied to income between £100,000 and £112,950. This apparent departure from the usual graduated tax system arises because of the progressive withdrawal of personal allowance of £6,475 at a rate of £1 per £2 of income between those two figures. The marginal rate then drops to 40 percent until income reaches the 50 percent margin threshold of £150,000. In spite of the fact that it takes a small calculation to arrive at this figure, it is indisputable - and has been widely recognised (http://www.tisco.co.uk/site/487/Personal_Allowance_Changes.aspx, http://www.kpmg.eu/budget/13925.htm ) and numerous others - that the UK does in fact have a salary band in which the marginal rate of income tax is 60 percent and the neutral position should be to present this as the upper figure instead of 50 percent. [[Special:Contributions/118.210.61.163|118.210.61.163]] ([[User talk:118.210.61.163|talk]]) 05:38, 6 April 2010 (UTC)

:Although (at the time of writing) the highest rate has fallen from 50% to 45%, is true that the effective marginal 60% you described still applies for earnings between £100,000 and twice the personal allowance (a figure that is the same for most but not everyone) for the reasons you correctly describepoint out. However, this is due to an effect on tax exemption rather then the tax rate itself. If we were going to be thorough in comparison then the there are higher effective rates of tax in the UK such as the gradual removal of child benefit on bands of earnings between £50,000 and £60,000. In many circumstances in plenty of jurisdictions around the world earnings over a certain amount may lead to the removal of something else that could be an effective tax of anything up to 100% of earnings. If we take a thorough approach to its logical conclusion then every nuance of each tax system would be included, and even if this were possible, the result would be a truly incomprehensible table. The table is simply to produce a ready reference and clearly would not be regarded as anything beyond a blunt instrument for comparison purposes. [[User:Dainamo|Dainamo]] ([[User talk:Dainamo|talk]]) 22:48, 17 October 2015 (UTC)

==Graduate rate==