The average billionaire in the UK is paying 11% tax. That is less than a person on the minimum wage. - ThreadSky

bladeofthes.bsky.social • 35 days ago

The average billionaire in the UK is paying 11% tax.

That is less than a person on the minimum wage.

Comments

leroyboyce.bsky.social•35 days ago

Another loophole that needs closing

leroyboyce.bsky.social•35 days ago

Wow! Where did you find this nugget?

rucksac.bsky.social•35 days ago

Oh how sad. Billionaires in the U.S. rarely pay anything.

mrmcbeard.bsky.social•35 days ago

It just stinks!

treehyrax.bsky.social•35 days ago

And anyone who suggests to the government that maybe this should change, will hear the usual rubbish about ‘driving away wealth creators’. And the media (press and capitalist social) will make bloody sure no one who goes against this will ever get elected.

chuffnuc346.bsky.social•35 days ago

How?

gustapher.bsky.social•35 days ago

And that is just on income, not wealth.

bcoox.bsky.social•35 days ago

Excludes subsidies too.

martinpb66.bsky.social•35 days ago

The billionaire's reaction to this statistic is: I SHOULD BE PAYING LESS!, Call the sycophantic politicians I own and tell then to blame and screw the poor more.

kittys-pal.bsky.social•35 days ago

Seems we have the same problem

claude-mcdonald.bsky.social•35 days ago

Billionaires in the US have more stock than they can ever use so they borrow against it tax free. That is how they can pay zero taxes on income because they have no taxable income.

wildbore101.bsky.social•34 days ago

yet dyson thinks he's the 'golden' goose! of rotten eggs mayb

davidjwbailey.bsky.social•35 days ago

Or 0% on the growth of their wealth. (Spending money also untaxed if they take loans against overseas assets).

lozq76.bsky.social•35 days ago

Trickle up economics

alxs27.bsky.social•35 days ago

If you are resident in the UK you have to hold ALL your money in a UK registered bank with severe penalties for evasion (like prison)
Don't see how this is so difficult. UK bank shares would go through the roof, especially Coutts/Natwest!

dennispatton.bsky.social•35 days ago

But growth. Get with the programme😁😁

joshawn.bsky.social•35 days ago

They're hoarders

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