Is it progressive taxation? If it is, then total rate is more ch lower. Still sucks though 🐶🐾🫂

WTF 😳

Just gotta stop earning fiat

Time to flex the jurisdictional arbitrage to go where you’re treated best

Aye.. It's a tough tax bracket. To clarify, this is called the "£100k tax trap" The quoted 69.5% is only on the income between £100 and £125k. This is due to simultaneous reduction of personal tax allowance between those income figures. Tax drops back down to 45% above £125k. In England...