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A UK man cut his income to avoid a 62% effective tax rate, criticizing the system for discouraging productivity.
Mark Brown, a UK man from Surrey, reduced his salary by 25% to avoid a steep tax penalty that triggers when income exceeds £100,000, causing the personal allowance to phase out and pushing effective tax rates as high as 62%.
By cutting hours and focusing on his tour guide business, he now earns a net £70,000.
He says the tax system discourages high earners from maximizing productivity, especially during peak career years, and leads to unproductive choices that harm the economy and industries like aviation.
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Un hombre del Reino Unido recortó sus ingresos para evitar una tasa impositiva efectiva del 62%, criticando al sistema por desalentar la productividad.