The 37 taxes you pay and why it now takes £3.1m to feel 'wealthy'

While the average household pays £16,700 in direct tax on income, our audit shows  this is just the tip of the iceberg.We all pay a multitude of other taxes, from air passenger duty to environmental levies on our energy bills.Lee Boyce, Simon Lambert and Georgie Frost discuss what the total sum is - and that our tax rate is more like 57 per cent.And tax rises don't always bring in more cash for the Treasury coffers.As the Government weighs up introducing yet another tax - this time a wealth tax - we explore why despite the allowance being slashed the capital gains tax take is down and what it means for the Chancellor's plans.How much you need to feel wealthy in different areas of Britain? Does £1million still cut it?The six burning questions everyone is asking financial advisers right now… and their expert answersAnd we answer a reader query: Could I give £250 gifts to 400 people who then pay them to my daughters to beat inheritance tax on £100,000?Follow us on Instagram @dmgnewmedia.Follow us on TikTok @dmgnewmediaFollow us on X @dmgnewmediaEmail us [email protected] us  020 7938 6000.Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen CraneProducer: Georgie Frost Hosted on Acast. See acast.com/privacy for more information.