We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
New tax bracket rules
Options
investing
Posts: 34 Forumite
in Cutting tax
Hi all,
I understand that the new tax increases are due a broken system and everyone needs to 'pitch in' to fix and minimise the deficit.
I am due for an increase of about £250 increase a year on my taxes and NI.
However what I don't understand is that how come people earning about £25,000 is due for a tax cut of about £200 too?
Don't see how that is fair, it is practically increasing my taxes in order to give others a cut.
I understand that the new tax increases are due a broken system and everyone needs to 'pitch in' to fix and minimise the deficit.
I am due for an increase of about £250 increase a year on my taxes and NI.
However what I don't understand is that how come people earning about £25,000 is due for a tax cut of about £200 too?
Don't see how that is fair, it is practically increasing my taxes in order to give others a cut.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.8K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.8K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards