Rejected petition Reinstate the personal allowance between incomes of £100,000 and £125,140
For every £2 earned above £100,000, the personal allowance is reduced by £1 until it is completely removed at £125,140.
This leads to an unfair marginal tax rate of 62% between £100,000 and £125,140.
This is unfair, and it has to be scrapped now.
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People are discouraged from taking on extra hours right around the £100,000 salary mark because they won't get to keep 62% of their work.
The government should scrap this stealth tax to encourage people to work more hours and be more productive. No one deserves a marginal tax rate of 62p per £1.
This petition was rejected
Why was this petition rejected?
There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
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You may wish to sign this petition which calls for similar action: https://petition.parliament.uk/petitions/754584
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