Introduce a 30% 'Middle rate' of income tax for those earning £50,271 - £80,000.

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Introduce a 30% 'Middle rate' of income tax for those earning £50,271 - £80,000.

Petition Details

Inflation is peaking and taxes are also increasing. It is becoming difficult for many middle-income families to survive with current earnings. With the 1.25% increase in NI tax from April 2022, it will be more difficult for people to save any money. Income tax should be reformed to reflect this.

Additional Information

Increasing energy and gas bills have increased the burden on everyone, and income tax should be reformed to reduce the financial burden on people earning over £50,000.

There is no tax rate of 30% on annual income. There should be a new tax rate introduced for people earning £50,271 to £80,000, replacing the current start of the higher income tax band, to at least ease out the burden of the people.

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