Is a 5% wealth tax confiscatory? (Yes.). | taxes
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The UK tax system punishes higher earners… You may have heard it a lot. So let me breakdown an example of what they mean. Here’s the comparison: 1 person earning £100,000 Vs 2 people earning £50,000 each. As you may have guessed, the difference is BIG. £16,000 to be exact (Once you include free child care etc) I’m curious to know… Do you think the UK tax system is too strict on higher earners in this country? #learnontiktok #personalfinance #money #tax
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