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Earning more doesn't always mean keeping more. One of the biggest tax traps many people don't realise exists is the effective 62% tax rate that can apply once your income exceeds certain thresholds. Understanding where these thresholds sit can make a significant difference to how you plan your income and tax strategy.
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Earning more doesn't always mean keeping more. One of the biggest tax traps many people don't realise exists is the effective 62% tax rate that can apply once your income exceeds certain thresholds. Understanding where these thresholds sit can make a significant difference to how you plan your income and tax strategy.
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@Patriotic Millionaires UK asked Lord Brighty to explain what a wealth tax actually looks like. But it didn't quite go to plan for our poor old Lord 🤪 Our proposed wealth tax would only affect anyone with more than £10 million. So a 2% wealth tax on Lord Brighty's £11 million, would only be £20,000. TINY in comparison to all those balls. And it could raise £24 BILLION a year for the country. Isn't it obvious?
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Replying to @DISSH Words can’t express how incredibly grateful I am! Last week I shared that due to an unexpected tax bill my husband and I had to pull money from our emergency buffer to pay for it and that we are doing a complete overhaul of our spending to rebuild the savings account. One of the things I decided to do was return some beautiful clothes to @DISSH as we could no longer afford them… so many of you were so kind and understanding and supportive. It’s not always easy making the “smar
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