TaxPersonal TaxTop rate taxpayers double under Labour

Top rate taxpayers double under Labour

Four million people paying the top rate of tax.

The number of people paying the top rate of tax has doubled under Labour,
official figures reveal.

Four million are now paying the 40 per cent rate. When Labour came to power,
it was 2.1 million, the Daily Mail reported.

The figures, published by HM Revenue and Customs, show how an extra 140,000
taxpayers have been caught in the net over the last year.

To qualify as a higher-rate taxpayer, you must be earning a gross salary of
£40,835 or more.

The Treasury said the fact that there are four million higher rate taxpayers
is a sign of the UK’s economic success.

Further Reading:

Read
the Daily Mail’s story

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