Living on $100,000 After Taxes in the United Kingdom #unitedkingdom #uk #europe #salary

[meows_and_woof]

I’m from UK and this is partially correct. Tax rate depends on income, we pay no tax for a salary up to £12000, then if you earn anything above it taxed at 20% rate, then if you earn anything above £50000, that sum is taxed at 40% rate. So it’s not the total income taxed at one rate but it’s broken down

[peterw]

Give birth in the USA $30, 000, in the UK $0.00

[kenwetherell]

you forgot all the other taxes we have to pay in the UK like road tax fuel tax police tax government taxes whatever they want to choose by the way that's all the normal working class people all the rich and famous they get loads of tax cuts

[jakkuwolfinsomnia]

That’s still pretty decent if you compare it to other countries. The Netherlands tax you at 33% when you earn over €30k

[pneh]

This is partially incorrect. If you earn £100, 000, you pay nothing on the first £12, 570. Between that and £50, 270, you would pay 20%, so this is £7, 540.

Then between £50, 270 and £150, 000 you pay 40%. So I'd you earn £100, 000 you would pay £19, 892. Anything above £150k you pay 45%.

So in total you'd pay £27, 433. In income tax. Not 25k. Don't forget national insurance, council tax, VAT (20%) etc.

[connortopping]

Not gonna lie this is actually pretty good considering all the benefits we get with our tax money

[ayaannadeem]

More realistically in the UK you're saving nothing

[joshbarber]

Yea plus the fact that we get taxed on sugar and are on the verge of a recession. And you forget 'poll tax' as well which can vary a lot depending on location

[pilgrimeaper]

I think your wrong there as the tax bracket for50-150 is 40% straight off

That doesn’t include council tax

[jhylton]

1/3 seems fair for the average net benefits you get if you’re suddenly out of work and destitute…

[avrumcooper]

And people wonder why the UK has free healthcare but not the US

[sebastianlen]

Very unlikely for me living in the uk to earn $ 😂

[Hexados-]

As a British Citizen this is very accurate $100, 000 is £92, 241 which puts it at the 40% tax bracket it also puts it below £100, 000 which means you can deduct £12, 570 from your income before paying taxes which means your paying 40% tax on £79, 671 which is £31, 868 this is purely income tax not accounting for things like council tax which would be deducted from the remainder of your taxable income

[CorvoFG]

Incorrect tax & NI calculations but not far off.

[phil]

Income tax would be more like $38, 000.
But guess it depends what's your put the £ to the $

[juancarlosvillalbavinas]

Less than many states in the us and you get healthcare at no extra cost

[andrewkitchenuk]

That's not too bad considering the English are basically propping up the Scots, Welsh and Northern Ireland economies. 💷

[platosplatoon]

Not too bad compared to most US states amazingly

[MoonDude]

Fortunately there is no taxes in Saudi Arabia

[hobbowizardanimations]

hence why many have off shore accounts