Thanks Muppity.
Is the tax rate for a 2nd job really 50%? A friend told me it was.
Registered User
Thanks Muppity.
Is the tax rate for a 2nd job really 50%? A friend told me it was.
Registered User
I think the highest tax bracket is 48%, so not much different from what your friend said...
Registered User
No it should be.
The main thin is you can claim the tax free threshold for both. The second job may get taxed at the marginal rate which I think is abot 46% but that's because they don't know your total combined earnings yet, so you'd get back the tax you shouldn't have paid when you do your tax return
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