i'm pretty shocked at the tax rate articles being linked to - going from £20K to £60K gives you an increase of only £7K in actual net pay? & with three kids that's going be even less.
I'm assuming that most jobs going from 20k to 60k have hugely different expectations in terms of availability/overtime and maybe travel/stress - so why bother?!
It doesn't make any sense.
Or for a middle-class professional like this:
"A woman working more than 30 hours a week with three children and childcare costs of £200 a week can continue to claim tax credits when her income is in the £50,000 to £60,000 a year range.
In this case a salary rise of £1,000 a year would actually leave her worse off. While earning £55,000 a year her total income would be £41,958. This is because she would pay £10,700 income tax and £4,620 Nics but then gain £1,251 Child Benefit and £1,027 tax credits.
But out of a £1,000 pay rise to £56,000 she would pay £400 tax and £20 Nics, and lose £251 Child Benefit and £410 tax credits. That's a total deduction of £1,081."
This is a system that surely can't continue, the divide between lower paid stagnating employee salaries and the very top can't continue to widen any further - how will society continue to function?!