number of people paying income tax at 40% now three million up from 1.7 million in 1993
The number of people paying the top rate of income tax has grown 76% in the last 10 years. The latest guide from the David Aaron Partnership on the independent taxation of married couples, said that compared to 10 years ago where some 1.7 million people were in the top tax band, it is estimated in 2003/04 that three million people will pay higher rate tax. David Aaron, managing director of the David Aaron Partnership, said there are two main reasons for the rise. First is the Government's budget announcement last year that the standard personal allowance was to be frozen for one year a...
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