UK Prime Minister Rishi Sunak Pays Over £500,000 in Taxes on £2.2 Million Income
Sunak's effective tax rate of 23% from capital gains sparks debate on tax reform.
- Rishi Sunak, the UK Prime Minister, paid over £500,000 in taxes last year, with an effective tax rate of 23% on his £2.2 million income, primarily from capital gains.
- Sunak's income included earnings from a US-based investment fund listed as a blind trust, highlighting his significant wealth and investments abroad.
- Critics argue Sunak's tax rate is lower than many workers', sparking calls for tax reform to address disparities between income from wealth and work.
- Sunak has promised tax cuts to reward hard work, amidst economic challenges and a heavy opinion poll deficit against Labour.
- The release of Sunak's tax details comes amid scrutiny over his wealth and transparency, with comparisons to his effective tax rate and those of average earners.