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This video sums it up nicely ...

FT Edit@ftedit.ft.com

Tax the rich, goes the cry. But Britain's £100,000 cliff edge disincentivises work, penalises ambition and can leave some parents facing effective marginal rates of over 2,000%. And what counts as rich anyway? Today's Big Read is on #FTEdit 👉 ft.trib.al/UFKYs3f Take the poll 🗳️ ft.trib.al/y6Hk5jw

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