Another tax from McCyclops.

Fears are growing that 70,000 more Britons face paying the top rate of income tax under plans from Alistair Darling.
The Chancellor will trigger the increase by freezing personal allowances for taxpayers in his Pre-Budget Report on Wednesday, say accountants.

It is also thought that the threshold for higher-rate income tax will be held at the current level.

Although ministers may justify the freeze by citing falling inflation, the plans mean those workers earning around £43,000 who do get pay rises would end up paying much of it to the Government.

Experts say freezing the allowances would be a 'stealth tax' because UK earnings rose 1.2 per cent in the year to September according to the Office for National Statistics.

The personal allowance is usually increased every year, meaning workers can earn a little extra money before paying more to the Inland Revenue.
You earn it, Gordon pisses it up against the wall.

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