5225$ 0$ vs 0$ or no change
7455$ 223$ vs 404$ or -0.5$/day
10000$ 782.9$ vs 913$ or -0.1$/day
15000$ 1882.9$ vs 1913$ or -0.1$/day
20000$ 2982.9$ vs 2913$ or +0.2$/day
25000$ 4082.9$ vs 3913$ or +0.5$/day
30000$ 5182.9$ vs 4913$ or +0.7$/day
35000$ 6282.9$ vs 5913$ or +1.0$/day
39725$ 7322.4$ vs 6858$ or +1.3$/day
41435$ 8006.4$ vs 7200$ or +2.2$/day
Above: no relative change, or +2.2$/day
Other changes:
Quote:
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For example, changes to banding for national insurance rates mean that for people with earnings/trading profits above £34,840, national insurance will increase.
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Assuming a 3% inflation rate and tax bands that move with inflation, about 183$/year of the above reduction in tax for someone earning in the top bracket could be accounted for via tax band movement. If there was an accumulated 20% inflation that hadn't been accounted for in the past, as much as a 1319.74/year drop in the taxes of the "topmost bracket" would be justified as from "tax band creep".
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I was curious what "the 10% tax" change was about.
