This income tax explainer went viral and it’s opening more eyes than you’d think

It turns out more people don’t know how income tax works (stick with us, please) than you might think.

We only mention it after this income tax explainer – specifically, the marginal rate of tax – went wildly viral on Reddit after it was shared by HiItsLust.

And if you’re thinking surely everyone knows that already you’re not alone.

‘I still don’t understand how people do not understand this.

‘It’s not that complicated and if you’re earning £49k and think that earning another £1k is going to bring your overall take home lower than current then I’d seriously question how you are where you are.’
fellowspecies

‘Many people don’t understand numbers, and they’re not prepared to try.

‘I try to teach people that calculating, say, 15% of a price is easy, but they ‘know’ it’s difficult, and they’re ‘no good at maths’, so they don’t try.’
01binary

‘It’s insane the number of people who have said to me they don’t want to earn over £40,000 because they will lose money …’
GeeSlim1

‘Going to save this one. Had this discussion countless times before. People just don’t understand …’
bromz

‘I had to explain this to a friend who told me they turned down a $5,000 bonus because it would push them into a higher tax bracket where the bonus would cause them to pay more than $5,000 in taxes.’
jmr33090

‘As a tax professional, I like this. I actually draw pictures for many clients.’
jpgonzo24

And also this.

‘Yeah people also think a tax refund is the government paying them. It was your money, they’re just giving it back. Lol.’
jer72981m

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‘Now this is how you sell a laminator’

Source Reddit u/HiItsLust