[Politics] Gary's Economics

[Uh_huh_him]

Dividends are taxed at a lower rate (because they are out of taxed income, as above) but rental profits are taxed at the same rate as earned income. On £64,747, the income tax due would be nothing on the first £12,570, then 20% on the next £37,700, and 40% on the rest - total £13,323 by my reckoning. Have you any other unearned income that reduced your tax code, perhaps? Or benefits in kind?

You're right that dividend income and rental income don't get charged NIC.

And what do you think about that?

Is that fair?

IS it an opportunity for governments to look somewhere else to increase their revenue for a change?

 

[BadFish]

The last one in the series has a bit of positivity about it.

Maybe we can actually do this?

 

[BadFish]

An American-centric video about taxing the rich by taxing wealth.