Reinstate the personal income tax allowance for people earning over £100,000pa.

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Reinstate the personal income tax allowance for people earning over £100,000pa.

Petition Details

The current system introduced by the last Labour government imposes a marginal income tax rate of 60% up to a current income level of £121,200pa, plus 2% NI, leaving the worker with only 38% of this slice of income.

Additional Information

There has been much debate about the so called top rate of income tax on earnings over £150,000pa , which was increased by Labour to 50% & reduced by the Conservatives to 45%. Whatever feelings about these levels, it is surely wrong to tax at 60% a much lower marginal income. This is not affecting fat cats, but some of the hardest working in society, including doctors & senior teachers & police officers.

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