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Actually the 100-120k bracket is effectively a 60% tax band as you lose your tax free allowance, then 45% on incomes over 125k.
Compared to other members of that government that mostly earn through investments taxed at 20% (capital gains tax) he is doing a lot worse.
Actually the 100-120k bracket is effectively a 60% tax band as you lose your tax free allowance, then 45% on incomes over 125k. Compared to other members of that government that mostly earn through investments taxed at 20% (capital gains tax) he is doing a lot worse.