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I know very little about tax at the best of times, but I've received a letter from HMRC today basically telling me i'm now paying 40% tax on all my earnings above £34371.
That strikes me as a little bit low?
So not only am I having to endure a 15 year pay freeze (whilst my salary is eroded by inflation), it's now no longer worth the effort of doing any overtime.
Thanks Tories.
Posted : 01/10/2012 2:37 pm
