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What is a rich household?

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PoliticsNerd Wed 16-Apr-25 11:39:02

The Financial Times defines a "rich household" as one that earns at least $250,000 annually. This threshold is often used in discussions about income levels, wealth distribution, and economic status. However, definitions can vary based on geographical context and other factors

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David49 Wed 16-Apr-25 11:33:11

Rich households have expenditure lower than income so they have spare money to pay extra tax.

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Georgesgran Wed 16-Apr-25 10:56:45

Stupid idea and how could it be enforced? Anything like that is too complicated and expensive to administer. Chances are ‘rich households’ (whatever that means) pay more anyway, as they aren’t concerned about the cost. It’s concerning enough disclosing finances to HMRC etc without adding commercial companies in the mix.

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M0nica Wed 16-Apr-25 10:14:58

If they want to yax the rich more.put their income tax rate up.

Our tax systm is quite complicated enough, silly ideas like this will only make it worst.

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GrannyGravy13 Wed 16-Apr-25 10:12:40

No, no and no again.

You cannot price commodities and/or consumables according to anyone’s bank balance.

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Usedtobeblonde Wed 16-Apr-25 10:02:09

The Financial Times have a headline today stating rich households could ( not should) pay more for electricity.
It is behind a paywall so I can’t read it but if anyone can, what do they consider a rich household is and do you agree?

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