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Higher earners paying more tax now

Recent research indicates that the higher earning middle classes are paying more tax now than in the 1980s.  The figures, taking into account inflation, show people on low and middle incomes – between £25000 and £54,000 – are taxed less in total than in 1988, but after that, they are paying more tax.  A single earner in a family of four on £105,000 a year would have paid £32,474 in tax in 1988, and £34,574 today.

 

 

Date: 11th December, 2013
Author: Cathy Corns

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