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taper of nil rate band above 100k
Okay, for the first 25k. But then you are back to 40% for the next 25k.
These are nice problems to have.
jellybaby-
Sure, but combine that with e.g. nursery support being removed and you suddenly have a lump where the tax system shits on you for a bit before easing off. Which was kind of the point originally noted, that there's a level where people get shafted most and it's not purely the highest earners.
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Yeah sure, I'm not appealing for sympathy for all the hard up 6 figure salary people. Just saying that the point where the tax system seems to pick as "make it worst here" seems to me to be around + just above the £100k mark, and as you say the marginal rate gets better again a bit higher up.
Combine this with student debt that more recent grads may never pay off and we tax income a fuckload, seemingly to avoid taxing capital. Which is the bit I find pretty shitty. Work your balls off to earn a lot? Pay loads of tax. Get given it by a dead granny? All yours!
andyfallsoff
No, that's wrong because of taper of nil rate band above 100k.