Hedging against a Corbyn Govt

EdSwippet

Malthusian wrote: »

If your beef was with the widening of the 40% rate tax band instead of the widening of the 60% tax band, you should have said so in the first place.

If you like. What caught my eye is that you explicitly claimed:

... {People earning £120k currently} pay less tax thanks to the widening of the personal allowance (and 60% tax band), just like anyone with income under £125,000.

This is not the case. They pay more, as demonstrated. They would have paid less if the personal allowance (and 60% tax band) had been widened without an offsetting decrease in the higher rate tax threshold, but that is not what happened.