The income layer cake is useful for spotting things that are often overlooked, such as basic rate taxpayers pay 32% tax on income when you include National Insurance Contributions (NICs). Higher rate taxpayers pay 42% tax on income. Basic rate taxpayers have, at most, £25,...
The most accurate way to calculate the value of a college degree is to conduct a net present value (NPV) calculation. In the NPV formula, all future cash flows (CF) over some holding period (N) are discounted back to the present using a rate of return (r). This rate of return (r)...