Submitted by Scott thompson on Monday 24th April 2023
Published on Wednesday 3rd May 2023
Current status: Closed
Closed: Friday 3rd November 2023
Signatures: 443
Relevant Departments
Increase the 40% tax bracket from £50,270 to £70,000
With the current cost of living crisis the general public are working all hours humanely possible to stay afloat. We want the Government to raise the 40% tax threshold from the £50,270 to £70,000, so people lose a smaller proportion of their income to tax.
Just like all costs rising with inflation, I believe the tax bracket should be increased too. there is a much bigger salary range between 40% and 45% than their is between 20% and 40% just that extra lift to £70,000 would make would help people with the cost of living, or to save for their future.
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3.145.39.53 Fri, 08 Nov 2024 03:47:11 +0000