Gabriel | That Money Guy
Region: GB
Wednesday 27 December 2023 16:30:45 GMT
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Haci :
40% tax is mental
2023-12-27 20:51:34
3160
Monke :
In my country it actually is like that first calculation. We usually just give them the money in cash so the bonus doesn't get taxed nor is the worker's tax rate modified 😎👍
2024-09-29 01:38:25
0
Kevin Warrender :
Isn’t it anything after £12,000 you’re taxed on?
2023-12-27 18:25:21
635
Sean dineen :
Ur only taxed for the 50.000 at 20% then the reaming 10.000 is tax at 40%
2024-01-01 03:46:22
263
.... :
Just get paid in cash for no taxes
2023-12-27 18:51:05
29
unoriginal :
income tax uk
2023-12-27 16:42:41
89
Hamoody3512 :
WE DONT HAVE INCOME TAX🇦🇪
2023-12-28 08:04:18
2
Adam :
so take £9,999 raise instead
2023-12-29 15:12:39
0
African Quanos :
did people not do this in school🙏😭
2023-12-28 08:19:41
48
H :
Wouldn’t it make more sense to teach this in schools. Instead of useless things in maths and English. Kids would be a lot more prepared in life.
2023-12-27 20:18:14
25
omari♤ﾒ𝟶 :
I still don't get it
2023-12-27 18:09:45
8
gamingbikerdad :
mad how many people dont understand this
2023-12-28 22:47:53
16
Enrique :
what? didn't he just prove the first guy right?
2024-01-01 04:11:01
0
fredthompson55551 :
If only vat worked like this
2023-12-27 21:01:39
3
Tr345y :
You get taxed at 40% on anything above the 50k so you’d pay an additional 4000 tax ?
2023-12-27 23:01:10
1
Nicolas Etfer :
Their tricks? They aren’t getting more money… they losing the 10k and the government is gaining it
2024-01-01 19:46:22
0
jaredd :
In the US the money made in the next quartile is taxed at the higher percentage. People think billionaires are taxes at like 45% it’s just that the money made after the 38% quartile is taxed at that.
2023-12-29 06:14:10
7
Dimi :
You also loose your child benefit. So if you have 2 kids and earn 50k you take home £40.2k, but at £60k only take home 44k. Essentially 60% tax on the extra £10k.
2024-01-01 12:44:21
5
Taylor :
Bro needs to take core maths
2024-01-01 01:45:22
3
TheBoltonRonaldinho :
Come on, no one is that simple
2023-12-27 17:43:24
4
Corey :
there are different categories depending on how much you make. however, only £12,570 off your salary is free off tax so anything after will be. so if you make £50,000 you only get taxed on £37,430
2024-01-01 04:01:04
7
flops098 :
Ok but if your taxed 40% after 50000 and he’s getting a 60000 salary tgen thethen the guy is right
2024-06-07 19:46:27
3
etwiriirieowro :
Yes but child benefit gets taken away after a certain amount earned
2023-12-28 00:21:06
3
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