How Middle Britain shoulders tax burden
HARD-working Middle Britain is being clobbered by the taxman, it was revealed yesterday.
Higher-rate earners will shoulder more than 60 per cent of the country’s income tax burden from April, despite representing only 14 per cent of taxpayers.
The HM Revenue & Customs data spells out how ministers are determined to take lower earners out of tax and shift the burden on to taxpayers who earn more than £35,000 a year.
Families are struggling to bear an increasingly heavy tax burden.
The number of people liable for 40 per cent tax, or the top rate of 50 per cent, is set to jump from 3.25 million in 2010-11 to 4.13 million this year as the thresholds for higher-rate taxes are lowered.
Matthew Sinclair, of the TaxPayers’ Alliance, said: “Families are struggling to bear an increasingly heavy tax burden. With nearly 300 tax rises since the Government came to power, it is no wonder everyone is feeling squeezed.
“The crisis in the public finances came after a decade of tax rises but politicians are still coming back for more.”