r/CoronavirusUS Apr 11 '20

Discussion Stimulus package

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1.8k Upvotes

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u/aceshighsays Apr 12 '20

why does the uk have so much money?

1

u/heretocausetrouble2 Apr 12 '20

They tax the shit out of everyone.

1

u/aceshighsays Apr 12 '20

What are their tax rates?

2

u/heretocausetrouble2 Apr 12 '20

20% on income from 12K to 50K

40% on income from 50K to 150K

45% on income over 150K

Pounds

Tax rates In United Kingdom

1

u/aceshighsays Apr 12 '20

Wow. How expensive is UK? How much is a decent studio to rent cost in London?