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Re: The Chronicles of Rishi
Quote:
Originally Posted by Sephiroth
Maybe he did - but he hangs onto my words so I'm right to hang on his.
Even if that is what he meant, let's analyse this. On £50K gross, a nurse would pay c. 18.5% = c. £9,200.
On £1 million gross, the rich person will have paid nearly £440,00 in tax = 44%.
So you're getting it as wrong as Ian did.
Hope that helps.
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£50k gross - tax & NI = £12,444, rate of 24.9%
https://uk.talent.com/tax-calculator...+Britain-50000
Sunak gross (over 3 years)
£4.766m gross across the three years of 2019/20, 2020/21 and 2021/22 - tax £1.053m, rate of 22%.
https://www.independent.co.uk/news/b...-a9566211.html
Quote:
Some of the wealthiest people in the UK are paying an effective tax rate of just 20 per cent, pioneering new research has found.
Researchers from Warwick University and the London School of Economics (LSE) analysed anonymised HMRC tax returns of higher earners and found that the average person with £10m in total remuneration had an effective tax rate of just 21 per cent – less than someone on median earnings of £30,000.
And a tenth of people receiving more than £1m paid a lower rate than someone earning just £15,000.
The very rich are able to – entirely legally – reduce their taxes by structuring their affairs to take their remuneration as capital gains and corporate dividends.
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Last edited by Hugh; 09-08-2023 at 09:16.
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