https://www.theguardian.com/money/20...zen-thresholds
"The number of people in the UK paying income tax at the higher rate is expected to increase by 500,000 this tax year, to more than 7 million, according to official figures."
That's up from 4.4m higher rate taxpayers in 2021-22, to almost a fifth of taxpayers.
It's getting increasingly painful, especially given inflation. And we've another 3 years of this so-called 'fiscal drag' - at least.
To quote the article 'A government spokesperson said:“This government inherited the previous government’s policy of frozen tax thresholds.” '
Since when was any government bound by the policy of a previous one?
Yet again, another lame excuse from another useless government.
But the real pain is for the 30.4 million people whose income is above the £12,570 lower threshold and who pay tax at 20%.
Increasing the basic personal allowance to a more reasonable level would help those less well off and also pensioners with only state pension income. It would also reduce the number of people with whom Hector engages, allowing Hector greater capacity for improved service.
"The number of people in the UK paying income tax at the higher rate is expected to increase by 500,000 this tax year, to more than 7 million, according to official figures."
That's up from 4.4m higher rate taxpayers in 2021-22, to almost a fifth of taxpayers.
It's getting increasingly painful, especially given inflation. And we've another 3 years of this so-called 'fiscal drag' - at least.
To quote the article 'A government spokesperson said:“This government inherited the previous government’s policy of frozen tax thresholds.” '
Since when was any government bound by the policy of a previous one?
Yet again, another lame excuse from another useless government.
But the real pain is for the 30.4 million people whose income is above the £12,570 lower threshold and who pay tax at 20%.
Increasing the basic personal allowance to a more reasonable level would help those less well off and also pensioners with only state pension income. It would also reduce the number of people with whom Hector engages, allowing Hector greater capacity for improved service.
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