I have to own up to having to look at exactly how it works last time I commented on it. The politics Vloggers I watch have stated that people can earn up to £1m, and that it only affects 5% of the population. The truth is that you can earn £500k without paying tax for being a direct beneficiary (sibling, offspring or parent), £1m can be earned if you are married and use your partners allowance or £325 for anyone else. It is not 5%; it is actually 4% of the whole population. It would be interesting to see a devolved breakdown on that as I would assume a majority of this affects England more than the other nations.
It’s an entirely intentional deception. People get the fear that they’ll not be able to pass on their 3-bed semi-detached*, a dinner table set and the last dregs of a private pension to their kids, so they vote so that rich people don’t have to redistribute wealth.
I have to own up to having to look at exactly how it works last time I commented on it. The politics Vloggers I watch have stated that people can earn up to £1m, and that it only affects 5% of the population. The truth is that you can earn £500k without paying tax for being a direct beneficiary (sibling, offspring or parent), £1m can be earned if you are married and use your partners allowance or £325 for anyone else. It is not 5%; it is actually 4% of the whole population. It would be interesting to see a devolved breakdown on that as I would assume a majority of this affects England more than the other nations.
It’s an entirely intentional deception. People get the fear that they’ll not be able to pass on their 3-bed semi-detached*, a dinner table set and the last dregs of a private pension to their kids, so they vote so that rich people don’t have to redistribute wealth.