40% Tax Bracket should be revised

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40% Tax Bracket should be revised

Additional Information

Each financial year for the last 3 years we have seen the higher rate tax bracket 40% reduced from £35,000 to £32,0011. With the state of today's economy and rising expenses, for those just breaking into this bracket are being treated the same as a higher earner of £150,000. A one size fits all policy does not work. This is a grossly neglected policy, that deserves better attention.

source: http://www.hmrc.gov.uk/rates/it.htm

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