A taxing puzzle
Hi. Just made up this little poser.
Imagine a new tax system in which if you earn between £0 and £999, you pay 0% tax.
If you earn between £1000 and £1999, you pay 1% tax,
if you earn between £2000 and £2999, you pay 2% tax,
if you earn between £3000 and £3999, you pay 3% tax,
etc etc.
At what point would it not be sensible to get a pay rise as you'd end up netting less than before?