Fun fact: a person who starts work at 18 and retires at 68 would have to earn an inflation-adjusted average of £44,000 a year in order to accumulate over a lifetime what Sunak earned last year.
I wonder whether there’s a conflict of interest between the source of his income and the decision making of the Government ?
Wanker. That’s only 3% more than me on 40k & a £180k house.
Being rich is more tax efficient than being highly paid. The party that has been in power for 70 of the last 100 years made it so.
I Hate the entitled smug fk that nobody voted for. Working for a living whilst not being able to live is awesome 👍
Makes sense. PAYE on his pm wage, 20% on the capital gains.
Truly a man of the people, he even pays a similar rate of tax.
Amazing how someone in a 100k per year job, can somehow make an extra 2.1m.
It’s a % guys.
For those moaning that “thats only 3% more than me on 40k blah blah”. You did not pay £500k in tax…Rishi did.
Im not defending him…it’s hypocritical that he doesnt pay the 50% over £50k.
But I think 50% tax on everything over £50k is disgusting personally.
I think the 50% tax bracket should be introduced much higher at £200k.
Someone earning £60k isnt well off. Especially living in somewhere like London. That’s before you factor in kids etc.
We tax income in so many different ways – it’s stupid.
ALL income, whether it’s from employment, dividends, interest, capital gains, should be taxed at the same rate, at the point it either leaves the country, or becomes the property of an individual.
It instantly solves so many problems, including IR35, and stops the ultra rich from paying a lower tax rate than others.
He paid the correct amount of income tax and the correct amount in capital gains tax…
Ah, The Guardian.
A loss making company owned by a holding company in the Cayman Islands, which invests in stocks and bonds and pays zero tax on profits.
Then goes on to attack others for paying capital gains tax in the UK at the normal rates.
Still, plenty of thick plebs to suck it up so it keeps on going!
12 comments
Fun fact: a person who starts work at 18 and retires at 68 would have to earn an inflation-adjusted average of £44,000 a year in order to accumulate over a lifetime what Sunak earned last year.
I wonder whether there’s a conflict of interest between the source of his income and the decision making of the Government ?
Wanker. That’s only 3% more than me on 40k & a £180k house.
Being rich is more tax efficient than being highly paid. The party that has been in power for 70 of the last 100 years made it so.
I Hate the entitled smug fk that nobody voted for. Working for a living whilst not being able to live is awesome 👍
Makes sense. PAYE on his pm wage, 20% on the capital gains.
Truly a man of the people, he even pays a similar rate of tax.
Amazing how someone in a 100k per year job, can somehow make an extra 2.1m.
It’s a % guys.
For those moaning that “thats only 3% more than me on 40k blah blah”. You did not pay £500k in tax…Rishi did.
Im not defending him…it’s hypocritical that he doesnt pay the 50% over £50k.
But I think 50% tax on everything over £50k is disgusting personally.
I think the 50% tax bracket should be introduced much higher at £200k.
Someone earning £60k isnt well off. Especially living in somewhere like London. That’s before you factor in kids etc.
We tax income in so many different ways – it’s stupid.
ALL income, whether it’s from employment, dividends, interest, capital gains, should be taxed at the same rate, at the point it either leaves the country, or becomes the property of an individual.
It instantly solves so many problems, including IR35, and stops the ultra rich from paying a lower tax rate than others.
He paid the correct amount of income tax and the correct amount in capital gains tax…
Ah, The Guardian.
A loss making company owned by a holding company in the Cayman Islands, which invests in stocks and bonds and pays zero tax on profits.
Then goes on to attack others for paying capital gains tax in the UK at the normal rates.
Still, plenty of thick plebs to suck it up so it keeps on going!