One thing that has surprised me in recent times is the the handful of people I have met who choose to pay more tax than they have to.
Not saying it's common, but some people who earn a lot do feel strongly about paying the same proportion of tax as everybody else.
Speaking personally, while I don't claim to deliberately pay more than I need to, as a company director I draw a salary that is equal to my annual expenditure + 25% so that I don't lean too heavily on the dividend tax loophole. Just felt wrong when an accountant tried to convince me to draw a salary equal to the lower tax band. Why should I pay less tax for the same money than an employee?
One thing that has surprised me in recent times is the the handful of people I have met who choose to pay more tax than they have to.
Not saying it's common, but some people who earn a lot do feel strongly about paying the same proportion of tax as everybody else.
Speaking personally, while I don't claim to deliberately pay more than I need to, as a company director I draw a salary that is equal to my annual expenditure + 25% so that I don't lean too heavily on the dividend tax loophole. Just felt wrong when an accountant tried to convince me to draw a salary equal to the lower tax band. Why should I pay less tax for the same money than an employee?