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     BarryW wrote:




    Everyone on over £100,000 loses the nil rate allowance - an effective tax rate of 62p (tax and NI) being paid.

    This is scandalous and simply wrong. More and more people are getting dragged into the higher rate tax bracket.

    The budget will increase the number of higher rate taxpayers to over 5 million. High rate tax is not for the rich or well off any more.


    In my mind anyone earning that amount of money is rich but I guess it all depends how much your own income is.

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