Wait, wait, wait… The average middle-class voter who is struggling to get by is starting to turn away from the Tories and their leader’s suggestion is to reduce taxes on the wealthiest people? Not to improve services or perhaps address the issues that drove former conservative party voters to Labour. No. Cutting the taxes of the elite, further reducing funding for services that the majority of voters use or rely on is the obvious answer.
£125,140 a year you pay 45% income tax. But it’s not quite that simple because you don’t pay 45% on everything, just whatever is earned above that and the other thresholds https://www.gov.uk/income-tax-rates
Wait, wait, wait… The average middle-class voter who is struggling to get by is starting to turn away from the Tories and their leader’s suggestion is to reduce taxes on the wealthiest people? Not to improve services or perhaps address the issues that drove former conservative party voters to Labour. No. Cutting the taxes of the elite, further reducing funding for services that the majority of voters use or rely on is the obvious answer.
I am not from the UK do allow me a question: From what yearly income on, do you guys have to pay the „top tax“ and how high is it at the moment?
Interesting- compared to my country Germany where you have to pay 42% for everything you earn above (!) 62.810 €
Guess Germany hates its middle class even more than the UK…