Thursday 6 October 2022 12:19 AM Frozen tax bands will put 7.7million in 40% top rate bracket by stealth, ... trends now
Thursday 6 October 2022 12:19 AM Frozen tax bands will put 7.7million in 40% top rate bracket by stealth, ... trends now
Frozen tax bands will put 7.7million in 40% top rate bracket by stealth, analysis suggests Over 7.7million people will pay the 40 per cent higher rate of income tax by 2025 Analysis comes a day after Liz Truss sought to reinforce her low-tax credentials 'Giving with one hand and taking with the other is opaque and stealthy’
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More than seven and a half million people will be paying the 40 per cent higher rate of income tax by 2025, according to analysis that lays bare the impact of stealth taxes.
Freezes in tax and benefit thresholds will swipe £2 from households for every £1 in personal tax giveaways in Kwasi Kwarteng’s mini-Budget, a report by the Institute for Fiscal Studies showed.
