Written Question·Treasury·UIN 26059

Marginal Tax Rates: Economic Growth

Tabled: 23 January 2025

Answered: 31 January 2025

Question

Mr Tanmanjeet Singh Dhesi

To ask the Chancellor of the Exchequer, pursuant to the Answer of 20 December 2024 to Question 19379 on Marginal Tax Rates, for what reason there are lower marginal rates of taxation for higher earners than in some lower earning brackets; and what assessm

Answer

James Murray

The Government is committed to a fair tax system in which those who have more contribute more. The income tax system is highly progressive, with different rates of tax sitting above an internationally high Personal Allowance. Within the personal tax syste...

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