11101
Full Member
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- Aug 26, 2014
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But why? How could that happen? How does one person on 65k take home less money than another person on 40k, just because the former person has kids?
It's about total households rather than an individual person. I'll try and look back to the article it was in for the calculations but essentially at just the wrong income level and number of kids you can be on a 64% marginal tax rate alongside missing out on certain valuable pension benefits.