High earner starts at 75k. This is wild and seems very behind the times. I would call 75k barely middle class, not anywhere close to the term “high earner”.
Either way, it’ll be interesting to see how this plays out. A 45% tax starting so low may end up pushing people out of the country to more favorable tax situations.
High earner starts at 75k. This is wild and seems very behind the times. I would call 75k barely middle class, not anywhere close to the term “high earner”.
Either way, it’ll be interesting to see how this plays out. A 45% tax starting so low may end up pushing people out of the country to more favorable tax situations.
We have very different definitions of middle class and high earner.
Spoilers: a deviation of tax from England hasn’t yet seen any statistical evidence of economic migration
I highly expect that to continue to be the case. But it will be interesting to watch if there is any net effect.