Ganesh Sittampalam

St. Neots, United Kingdom

earth.li/~ganesh

Age: 36

Software developer with a strong interest in functional programming - mostly using F# at work and Haskell for hobby stuff.

In my spare time I'm one of the developers of darcs, and also a volunteer administrator for WhatDoTheyKnow.com.

14h
reviewed Approve suggested edit on Why would I buy a Bond at a Negative Interest rate?
15h
awarded Good Answer
16h
awarded Caucus
19h
awarded Critic
2d
comment Are UK cash ISA's cumulative?
@picasso I've had several ISAs with Nationwide and I've only ever seen interest credits once per year, or when transferring out.
2d
answered Is bad for a person's 'financial reputation' to have transactions to lottery sites on his/her bank statement?
2d
reviewed Approve suggested edit on Does my net paycheck decrease as the year goes on due to tax brackets filling up?
2d
awarded income-tax
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comment Does my net paycheck decrease as the year goes on due to tax brackets filling up?
The UK operates a cumulative system that tries to keep track of how much you've earned so far in the year. That makes withholdings more accurate but does mean people in that situation might find their net earnings dropping the next tax year. It's more important to get it right in the UK because many fewer people routinely file tax returns.
2d
revised Does my net paycheck decrease as the year goes on due to tax brackets filling up?
deleted 6 characters in body; edited title
2d
revised Does my net paycheck decrease as the year goes on due to tax brackets filling up?
added 641 characters in body
Aug
28
awarded Nice Answer
Aug
28
comment Does my net paycheck decrease as the year goes on due to tax brackets filling up?
@enderland I got a couple of nice refunds after mine, particularly as they gave me a "tax-free" housing allowance that they grossed up based on the monthly withholding rates :-)
Aug
28
comment Does my net paycheck decrease as the year goes on due to tax brackets filling up?
I meant that the system is designed that way, not necessarily that an employer would need to make those assumptions directly.
Aug
28
comment Does my net paycheck decrease as the year goes on due to tax brackets filling up?
I don't think the asker is misunderstanding that. The question is whether the $37,450 is filled up first as the year progresses, so that once they have earned the $37,450 in a year, any further income in that year - i.e. the next paycheck - will all be taxed at 25%.
Aug
28
revised Does my net paycheck decrease as the year goes on due to tax brackets filling up?
incorporated mhoran_psprep's point
Aug
28
comment Does my net paycheck decrease as the year goes on due to tax brackets filling up?
Good point, I was sort of trying to get at that with tax status, but it doesn't really cover it.
Aug
28
answered Does my net paycheck decrease as the year goes on due to tax brackets filling up?
Aug
28
revised Does my net paycheck decrease as the year goes on due to tax brackets filling up?
tagged based on question text which refers to the USA tax brackets
Aug
27
revised Rent or buy a house in a poor country?
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