We examine how the average burden on British people earning £25,000, £40,000 and £100,000 compares with taxes paid by similar earners in Europe, Australia and the USLabour“s plan to tax incomes over £80,000 more heavily is a `massive tax hike for the middle classes` that will `take Britain back to the misery of the 1970s`, according to rightwing newspapers. But are British households that heavily taxed? A comparison of personal tax rates across Europe, Australia and the US by Guardian Money reveals how average earners in Britain on salaries of £25,000, or `middle-class` individuals on £40,000, enjoy among the lowest personal tax rates of the advanced countries, while high earners on £100,000 see less of their income taken in tax than almost anywhere else in Europe. Continue reading...
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