Quote:
Originally Posted by Sephiroth
All that 'most people' you mentioned need to do is to read my previous post. Then they'll understand how it all works.
If those '£100K' bods are overtaxed, they'll leave and take the jobs they employ with them. I suggest you join the dots.
As to effective tax rates, I didn't understand your calculation by reason of the cumulative increase you cited. What did you mean by 'your wealth increasing by £60K (or £100K) per year'? After tax? After spending? What is the taxable salary within those figures?
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I doubt most 100k a year bods have the ability to move their jobs to other countries. Surely that’s up to employers who would do so anyway if there was anything in it for them.