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5:11
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Martin Lewis
Martin Lewis: A beginner's guide to how income tax works
Don't know where to begin with tax and how it works? Martin Lewis explains key income tax concepts, including what your personal allowance is, basic and higher tax rates, and how tax bands affect what you earn. Learn why moving into a higher tax bracket DOESN'T reduce your earnings; and discover the quirky 60% effective tax rate some higher ...
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