Please excuse the wording of the question, i know it doesn't make much sense. i just want to know how much tax the average person in the UK pays overall.
2006-11-09 07:44:12 · 6 answers · asked by Izz 2 in Business & Finance ➔ Taxes ➔ United Kingdom
There are three rates of income tax (10%, 22%, 40%) plus national insurance contributions (10%). As a generalisation, assume about third of you salary will go on taxes.
2006-11-09 07:55:41 · answer #1 · answered by Penfold 6 · 0⤊ 0⤋
To calculate this properly you first need to know the average wage. Have a look on the inland revenue web pages for tax levels as they are different as another post here specifies.
2006-11-09 21:31:55 · answer #2 · answered by angeldust 4 · 0⤊ 0⤋
22% is correct for income tax at standard rate, but when you add National Insurance contributions it takes it closer to 30%
2006-11-09 15:54:59 · answer #3 · answered by Pussywants 2 · 0⤊ 0⤋
self employed pay twice a year jan and july £9000 ayear on £42000 must buy a missle or two
2006-11-09 19:35:21 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I think its about 22%
Whatever it is its too bloody much
2006-11-09 15:51:39 · answer #5 · answered by toon_tigger 5 · 0⤊ 0⤋
Far to much
2006-11-09 15:57:38 · answer #6 · answered by sedona 4 · 0⤊ 0⤋