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Comment on Isn't EU's "VAT" a regressive tax? Why do they have that, instead of something like, taxing the rich?

We get a tax free allowance of £12,570 annually, and then it’s banded from there: Income from £12571 to £14876 is taxed at 19% Income from £14877 to £26562 is taxed at 20% From £26523 to £43662 is taxed at 21% From £43663 to £75000 it’s 42% £75001 to £125140 it’s 45% And anything north of that is 48%

This is calculated on income after any deductions from pay are made, like national insurance contributions, pension scheme payment, salary sacrifice schemes, student loan repayments and so on.

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boonhet@lemm.ee ⁨11⁩ ⁨hours⁩ ago
Ah okay, you guys get taxed a lot less then. We have an income tax free portion that slides to 0 by I think 25200 euros annually, at which point you always have to pay 22% of your gross, next year it’ll be 24. And your employer always has to pay 33% on top of your grose too.

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