Quote:
Originally Posted by mrmistoffelees
But that’s no different to what happens now
0%
20%
40%
40% + loss of tax free allowance & a required self assessment
45% & a required self assessment
The wealthier pay more, and if the argument is that labour would lower the point at which people would move into a higher tax bracket, haven’t the tories already done this ? Not only at PAYE but also at capital gains ?
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It has been the Tories who frozen the thresholds, sliding more people into the higher tax bands. It is under the Tories that the UK's current tax level burden is the highest rate on record, according to the OEC.
We have the highest tax burden and at the same time, the nation's infrastructure & services are dire. That is why the Tories are doomed.