RISHI Sunak yesterday dodged questions over whether the tax system needs reform after finally publishing details on his enormous personal wealth.
The Prime Minister's tax summary, snuck out on a hectic day in Westminster, showed his income exceeded £1.9million, with £1.64million from capital gains in 2021-22. His tax bill that year stood at £432,493.
With capital gains at a lower rate than income tax, the Tory leader paid an effective tax rate of just 22 per cent.
A nurse on a salary of £37,000 pays a tax rate of 21 per cent down south.
Sunak saved more than £300,000 thanks to a 2016 Tory cut to the top capital gains tax rate in England from 28 per cent to 20 per cent, which he voted for.
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