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[-] Whelks_chance@lemmy.world 7 points 10 months ago

The UK tax bands will blow your mind.

Like 40% for anything over 50k. Which I'm fine with btw.

https://www.gov.uk/income-tax-rates

[-] Blackmist@feddit.uk 7 points 10 months ago

None of these people earn their fortunes in a way that is affected by income tax.

They're not taking billions in cold hard cash every year.

[-] Whelks_chance@lemmy.world 5 points 10 months ago

Ok, so capital gains tax then. It still kicks in at a fairly early point. Long before you're making millions.

https://www.gov.uk/capital-gains-tax/rates

[-] danc4498@lemmy.world 1 points 10 months ago

It’s probably not bad when you factor in healthcare. Especially the middle class that doesn’t get free healthcare but also pays the same as the super wealthy.

this post was submitted on 28 Dec 2023
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