Abolish the income tax personal allowance taper for people earning over £100k

• Petition
• Statistics

Petition Action

Abolish the income tax personal allowance taper for people earning over £100k

Petition Details

Due to personal allowance tapering, those earning between £100,000 and £125,140 end up effectively paying a marginal income tax rate of 60%. We believe paying more tax on earnings than what one takes home is unfair and this taper should be eliminated

Additional Information

Tapering personal allowance means that for every £100 of income between £100,000 and £125,140, you only get to take £40 home – £40 is deducted on earnings over £100,000, while another £20 is lost by the tapering of the personal allowance. This amounts to a 60% tax rate on earnings within this range.

As a result, the Government receives more in tax revenue than the worker who does the actual work to earn a living, which we believe is unfair and should be stopped.

You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!

Have your say on this petition!