Saturday, February 10, 2024

UK prime minister Rishi Sunak paid around 23% tax on £2.2M income because most of his income is capital gains and dividends. Investment income enjoys a huge tax subsidy. Had Sunak “earned” a £2.2M wage, he’d have paid roughly 56% tax1 including student loan repayment.

  1. back of the envelope. ↩︎