Reported 4 months ago
The growing tax burden on high earners in Britain has made it difficult for the wealthy to feel rich, as illustrated by a compliance director earning a six-figure salary who struggles to afford holidays and faces financial hardships due to tax and benefit system. Tax increases for top incomes since 2010 have led to higher tax rates, stagnant wages, and reduced tax-free allowances for high-earners, impacting their quality of life and creating a feeling of being financially squeezed amid rising living costs.
Source: YAHOO