cuicuit
@cuicuit@lemmy.world
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- Comment on Minister quit ‘because he could not afford rising mortgage costs’ on £120,000 salary 9 months ago:
Actually the 100-120k bracket is effectively a 60% tax band as you lose your tax free allowance, then 45% on incomes over 125k. Compared to other members of that government that mostly earn through investments taxed at 20% (capital gains tax) he is doing a lot worse.