WDT — Individual Taxpayer Calculator

Route C simulation: equity-transfer mechanism over N holding periods plus terminal sell year. Results always shown alongside the honest-declaration (α = 1) baseline.

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Starting net wealth (V₀)

£20m

Log scale: £0.5m – £100,000m

Holding period (N)

29 years

Periods before terminal sale

Declaration ratio (α)

1.00

α < 1 = understatement · α > 1 = overstatement · α = 1 = honest

Growth scenario

10.45%

Start year:

Annual total return applied uniformly each period

Advanced — rate function parameters

τ₀ — floor rate

15.0%

τ_m — ceiling rate

70.0%

k — steepness (per £m)

0.001

Log₁₀ scale

W_min — entry point (£m)

£2.0m

Running…

Honest declaration (α = 1)

Selected α

Period-by-period detail