Originally Posted by
777JRM
‘Gilded lifestyle’?
Don’t forget, the punishment for daring to have this perceived privilege, is to have nearly half of it confiscated by HMRC!
Anyone earning enough to pay higher rate tax is doing very well compared to most people. Currently 40% kicks in at £50k, and 45% at £150k. Currently the median - the value that 50% earn less than and 50% more than - is a touch over £30k. Earning enough to pay 40% tax is indeed a privilege.