A true story: a local man has sold his business for £20m. He has to pay £8m in tax, leaving him £12 to retire on. Is it enough? No. He’s so determined to avoid paying his tax that he’s leaving the country. Even though he doesn’t want to! So he’s not going to enjoy his £12m but fester over the £8m

Nov 6, 2025 · 2:29 PM UTC

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The responses to this post show exactly how effective the right wing media has been. Libertarian propaganda pushes the idea that we should have no taxes and no government. I wonder how many of the “tax is theft”people will ever be in this situation, yet they defend the wealthy. Job done!
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Replying to @timmckane
It’s probably because they’re coming for the other 12 Tim.
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Except they’re not.
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Replying to @timmckane
He needs a better accountant.
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Why? So he can spend his retirement worrying about his money? Which he doesn’t need. Being stressed because he thinks £12million isn’t enough? Paying some accountant who he will end up not trusting because he becomes paranoid when he reads a news story about someone being conned…
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Replying to @timmckane
Sadly many have already left, our footballers, golfers non of them remain uk tax payers. I wonder theoretically if he had a £4million tax bill would he still go?
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Yep. It’s greed. More money than they could ever have dreamt of and it v quickly isn’t enough.
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Replying to @timmckane
£12m seems a huge amount to retire on. At 5%, that’s £600,000pa without touching the capital. If only!
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Yep!
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Replying to @timmckane
I'm a dirt poor Millennial, but I don't agree with robbing other people's hard earned wealth. Taxation is ultimately theft, most especially when it's extortionate!
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Here’s how a tax system should work: you pay proportionally what you can afford. That’s how every person on PAYE is taxed. With no opportunity to avoid paying. Have you ever driven on a road, used the NHS, been to school, flushed a toilet, been to a park etc etc…not paying tax is theft.
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Replying to @timmckane
That's something that didn't happen if ever I've seen one
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I hope your bass playing is good…
Replying to @timmckane
Good on him . Why should he give 40%
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Because that’s how the country works. And he doesn’t actually want to leave, but has put money ahead of happiness, which spoils the point of earning it in the first place. I know it’s hard to think beyond the money but give it a go…
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Replying to @timmckane
I suspect much of it is not only the large amount of tax but being constantly told "the rich need to pay more", "the rich need to pay their fair share". We've totally disowned successful people in this country. There is no incentive for him to stay. He'll probably spend the same
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So £12 million isn’t enough? What a weird notion.
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Replying to @timmckane
Or a local man built his business up from scratch and shed blood, sweat and tears doing so and cost himself hours of life he’ll never get back to do so…..he then deservedly decides to sell and enjoy his life and a greedy and wasteful government wants 40% of HIS money?
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Like nurses? Doctors? The huge number of micro businesses in our economy, employing the largest number of people, all working hard, taking risks, often going month to month, with no opportunity to ever earn £12 million, or to pay to avoid taxes…but you stick up for the multimillionaires.
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Replying to @timmckane
Yes welcome to the real world where those already paying a lot of tax don’t want to pay more…
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The only people who can afford to avoid paying tax are those that don’t need to. Why, because ironically the more you have the greedier you get…
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Replying to @timmckane
You spend your life building a business and the government takes almost half…f*ck that. Needs to get a better accountant.
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Missing the point completely. If you had asked him twenty years ago if he would be happy with £12m he would have bitten your arm off. What government support do businesses get, what public sector contracts, what training grants etc etc…
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Replying to @timmckane
Good on him, why should he? What had the government- who receives said tax - done to earn it?
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Why not ask? Ok I will… here’s a few
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