Birdwatch Note Rating
2023-12-21 09:27:55 UTC - HELPFUL
Rated by Participant: 30102DEB7BCCE7CBD18AC8773D9ECD238BB934D1B66476A2A45AE3F45D752CC5
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Original Note:
Scotland has a progressive tax system, where the amount of tax taken applies only to money past the threshold. In this instance, only money past £75,000 will be taxed at 45%. For example, an £80,000 salary will only be taxed at a 45% rate on the top £5,000. https://www.schwab.com/learn/story/how-do-tax-brackets-actually-work https://www.litrg.org.uk/tax-guides/tax-basics/what-scottish-income-tax/how-does-scottish-income-tax-work
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