Socialist Worker

Labour Party tax increases for the lower paid

This table goes with the letter <a href=\"art.php?id=12422#tax\"><span class=\"red\">»</span> Taxing the poor to give to the rich</a>

Issue No. 2060

Bands2007-082008-09
5,2250%0%
2,23010%20%
34,60022%20%
Thereafter40%40%

IncomeCurrent TaxProposed TaxTax Diff% DiffIncrease?
£1,000£0£0£0 No Tax
£2,000£0£0£0 No Tax
£3,000£0£0£0 No Tax
£4,000£0£0£0 No Tax
£5,000£0£0£0 No Tax
£5,225£0£0£0 Tax Threshold
£6,000£78£155£78100%Increased Tax
£7,000£178£355£178100%Increased Tax
£7,455£223£446£223100%Max. Increased Tax
£8,000£343£555£21262%Increased Tax
£9,000£563£755£19234%Increased Tax
£10,000£783£955£17222%Increased Tax
£11,000£1,003£1,155£15215%Increased Tax
£12,000£1,223£1,355£13211%Increased Tax
£13,000£1,443£1,555£1128%Increased Tax
£14,000£1,663£1,755£926%Increased Tax
£15,000£1,883£1,955£724%Increased Tax
£16,000£2,103£2,155£522%Increased Tax
£17,000£2,323£2,355£321%Increased Tax
£18,000£2,543£2,555£120%Increased Tax
£18,605£2,676£2,676£00%Nil Advantage
£19,000£2,763£2,755 ‑£8-0%Reduced Tax
£20,000£2,983£2,955 ‑£28-1%Reduced Tax
£21,000£3,203£3,155 ‑£48-1%Reduced Tax
£22,000£3,423£3,355 ‑£68-2%Reduced Tax
£23,000£3,643£3,555 ‑£88-2%Reduced Tax
£24,000£3,863£3,755 ‑£108-3%Reduced Tax
£25,000£4,083£3,955 ‑£128-3%Reduced Tax
£26,000£4,303£4,155 ‑£148-3%Reduced Tax
£27,000£4,523£4,355 ‑£168-4%Reduced Tax
£28,000£4,743£4,555 ‑£188-4%Reduced Tax
£29,000£4,963£4,755 ‑£208-4%Reduced Tax
£30,000£5,183£4,955‑£228-4%Reduced Tax
£31,000£5,403£5,155‑£248-5%Reduced Tax
£32,000£5,623£5,355‑£268-5%Reduced Tax
£33,000£5,843£5,555‑£288-5%Reduced Tax
£34,000£6,063£5,755‑£308-5%Reduced Tax
£35,000£6,283£5,955‑£328-5%Reduced Tax
£36,000£6,503£6,155‑£348-5%Reduced Tax
£37,000£6,723£6,355‑£368-5%Reduced Tax
£38,000£6,943£6,555‑£388-6%Reduced Tax
£39,000£7,163£6,755‑£408-6%Reduced Tax
£40,000£7,383£6,955‑£428-6%Reduced Tax
£41,000£7,603£7,155‑£448-6%Reduced Tax
£42,000£7,823£7,355‑£468-6%Reduced Tax
£42,055£7,835£7,366‑£469-6%Reduced Tax
£43,000£8,213£7,744‑£469-6%Reduced Tax
£44,000£8,613£8,144‑£469-5%Reduced Tax
£45,000£9,013£8,544‑£469-5%Reduced Tax
£46,000£9,413£8,944‑£469-5%Reduced Tax
£47,000£9,813£9,344‑£469-5%Reduced Tax
£48,000£10,213£9,744‑£469-5%Reduced Tax
£49,000£10,613£10,144‑£469-4%Reduced Tax
£50,000£11,013£10,544‑£469-4%Reduced Tax

© A. W. Wisher – March 2007 aw@wisher.org.uk


Click here to subscribe to our daily morning email newsletter 'Breakfast in red'

Article information

News
Tue 17 Jul 2007, 19:46 BST
Issue No. 2060
Share this article


Mobile users! Don't forget to add Socialist Worker to your home screen.