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[–] 34 points 1 year ago* (2 children)

Bingo. They're not actually losing tax paying millionaires. This is entirely a benefit to the UK.

Also, let's put that number in perspective. There are over three million millionaires in the UK.

That's why you never, ever see news articles about tax changes supposedly driving away millionaires use percentages. Because if they did the headline would be that in two years the number of millionaires in the UK has shrunk by half a percent.

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  • [–] 3 points 1 year ago (1 child)

    3 million sounds low. I'd assume most home owners over 50 would be millionaires in 2025, or does it only count if a married couple has 2+ million?

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