>Mr Sunak, who earned £3.7 million over the same period, paid a rate of about 22% in tax because most of his earnings came from capital gains.
Sunak’s probably invested in enough businesses that he can rake in more money in a year than most of us will see all our careers just sitting on his thumb doing nothing.
And that’s before you look at his wife who has shares in Infosys.
>Rishi Sunak has lower tax rate than Keir Starmer despite earning 10 times more
Those heated indoor swimming pools aren’t going to pay for themselves, you know!
Yes, because while he may be a beige, centrist, pledge-breaking melt, he isn’t a crook.
How is it that I pay more tax than Kier despite him earning that much money? Not deflecting, Fishi can fuck right off.
Edit: not more tax, badly worded. A higher rate of tax but I think it’s because its not just income tax
This is comparing apples with oranges. Income tax and Capital Gains tax (on shares and on property) are different.
Guess who introduced the capital gains tax reductions?
I think this just shows an amazing lack of statecraft. Sunak thought he was clever releasing this while Boris was doing his encore of lies. Starmer has absolutely blown him out of the water(unintended pun) with this.
Here we go, a load of inane, kneejerk comments from people who haven’t a clue what they’re talking about but think they are an expert on taxation.
Probs has a lower tax rate than I do tbh.
The rich don’t get rich by paying taxes.
I’d like to know how many people outraged at this have benefited massively from paying zero tax on the capital gains from their primary property.
Rich people paying proportionately less tax than poorer people, is obviously wrong.
That’s a lower rate than every employee in the country. The system stinks!
People trying to do all kinds of mental gymnastics to defend this and sure may be technically correct but your average voter just sees the numbers and it doesn’t look good
And a lot lower than the 52% on 35k i was paying ( ir35).I said it before , I’ll say it again ” the guys a wanker ” . Why would I guy who earns millions take on a job of 150k ? , I think its cause he’s feathering his own nest . Lose next election , move back state side and use contacts to carve up whatever is left of public services
and thanks to mr husts tweeking he can pass more on without inheritance tax
Can everyone post their effective tax rate for last year in this post.
To start you off, I’ve put the 1st 6 tiers in for ease of Maths calculations.
Annual Salary – Income Tax Paid- Effective Tax Rate
£0 – £0 – 0%
£10k -£0 – 0%
£20k – £1,486. – 7.43%
£30k – £3,486. – 11.62%
£40k – £5,486. – 13.71%
£50k – £7,486 – 14.97%
Source. The salary calculator.
UK average salary according to the ONS (office of national statistics) is £38,552. So more than half the UK population pay less than 13.71% TAX.
Also, please let me know of you realised you paid so little tax compared with your tax bracket (20%, 40%, etc..)
To my mind, “earning” implies putting in some kind of effort, a reward for work done.
This needs to change. The rich paying less than the poor in tax is criminal. It’s a farce when will enough be enough?! It’s 2023 not the 1800’s the wealth gap and class divide is what keeps this country small.
Personally I think you should pay a higher tax rate on money you made massively, than money you earned through labour
Is that a crazy idea?
In another world this could be titled as. Keit starmer unable to take advantage of government tax rules meanwhile Rishi Sunak is capable of doing so.
One thing that people are overlooking….this is tax paid on unrealized gains that were not actually distributed
The only thing that tells us is that money equals power. Both the leader of the Conservative party and the leader of the opposition party are millionaires, completely unattached from the average Joe, which is the majority of the population.
That’s because tax system is rigged for the rich.
You work and pay up to 47% of tax.
They don’t work and pay 20% on the dividends or investments.
Shouldn’t it be the other way around?
And so what? Are they telling us Starmer bad with his money and investment?
Sunak is a vile, parasitic, under qualified cunt who wouldn’t make it very far in the normal world.
Tell me you don’t know the difference between income tax and capital gains tax without telling me…..
Define ‘earn’. There is a massive difference between income earnt from a job, and income from investments which are the consequence of having capital.
This is the rate HE CHOOSES TO PAY because he is in government. If he was any other rich person, he would just funnel it all offshore like all the rest of the 1%.
28 comments
>Mr Sunak, who earned £3.7 million over the same period, paid a rate of about 22% in tax because most of his earnings came from capital gains.
Sunak’s probably invested in enough businesses that he can rake in more money in a year than most of us will see all our careers just sitting on his thumb doing nothing.
And that’s before you look at his wife who has shares in Infosys.
>Rishi Sunak has lower tax rate than Keir Starmer despite earning 10 times more
Those heated indoor swimming pools aren’t going to pay for themselves, you know!
Yes, because while he may be a beige, centrist, pledge-breaking melt, he isn’t a crook.
How is it that I pay more tax than Kier despite him earning that much money? Not deflecting, Fishi can fuck right off.
Edit: not more tax, badly worded. A higher rate of tax but I think it’s because its not just income tax
This is comparing apples with oranges. Income tax and Capital Gains tax (on shares and on property) are different.
[https://www.gov.uk/capital-gains-tax/rates](https://www.gov.uk/capital-gains-tax/rates)
Guess who introduced the capital gains tax reductions?
I think this just shows an amazing lack of statecraft. Sunak thought he was clever releasing this while Boris was doing his encore of lies. Starmer has absolutely blown him out of the water(unintended pun) with this.
Here we go, a load of inane, kneejerk comments from people who haven’t a clue what they’re talking about but think they are an expert on taxation.
Probs has a lower tax rate than I do tbh.
The rich don’t get rich by paying taxes.
I’d like to know how many people outraged at this have benefited massively from paying zero tax on the capital gains from their primary property.
Rich people paying proportionately less tax than poorer people, is obviously wrong.
That’s a lower rate than every employee in the country. The system stinks!
People trying to do all kinds of mental gymnastics to defend this and sure may be technically correct but your average voter just sees the numbers and it doesn’t look good
And a lot lower than the 52% on 35k i was paying ( ir35).I said it before , I’ll say it again ” the guys a wanker ” . Why would I guy who earns millions take on a job of 150k ? , I think its cause he’s feathering his own nest . Lose next election , move back state side and use contacts to carve up whatever is left of public services
and thanks to mr husts tweeking he can pass more on without inheritance tax
Can everyone post their effective tax rate for last year in this post.
To start you off, I’ve put the 1st 6 tiers in for ease of Maths calculations.
Annual Salary – Income Tax Paid- Effective Tax Rate
£0 – £0 – 0%
£10k -£0 – 0%
£20k – £1,486. – 7.43%
£30k – £3,486. – 11.62%
£40k – £5,486. – 13.71%
£50k – £7,486 – 14.97%
Source. The salary calculator.
UK average salary according to the ONS (office of national statistics) is £38,552. So more than half the UK population pay less than 13.71% TAX.
Also, please let me know of you realised you paid so little tax compared with your tax bracket (20%, 40%, etc..)
To my mind, “earning” implies putting in some kind of effort, a reward for work done.
This needs to change. The rich paying less than the poor in tax is criminal. It’s a farce when will enough be enough?! It’s 2023 not the 1800’s the wealth gap and class divide is what keeps this country small.
Personally I think you should pay a higher tax rate on money you made massively, than money you earned through labour
Is that a crazy idea?
In another world this could be titled as. Keit starmer unable to take advantage of government tax rules meanwhile Rishi Sunak is capable of doing so.
One thing that people are overlooking….this is tax paid on unrealized gains that were not actually distributed
The only thing that tells us is that money equals power. Both the leader of the Conservative party and the leader of the opposition party are millionaires, completely unattached from the average Joe, which is the majority of the population.
That’s because tax system is rigged for the rich.
You work and pay up to 47% of tax.
They don’t work and pay 20% on the dividends or investments.
Shouldn’t it be the other way around?
And so what? Are they telling us Starmer bad with his money and investment?
Sunak is a vile, parasitic, under qualified cunt who wouldn’t make it very far in the normal world.
Tell me you don’t know the difference between income tax and capital gains tax without telling me…..
Define ‘earn’. There is a massive difference between income earnt from a job, and income from investments which are the consequence of having capital.
This is the rate HE CHOOSES TO PAY because he is in government. If he was any other rich person, he would just funnel it all offshore like all the rest of the 1%.