Sunday, March 19, 2006
Labour Has Doubled Income Tax Since 1997
Since 1997 the government's take from income tax has risen by 109%. This year we will pay £145 billion in income tax. In 1996-97 we paid £69 billion, according to Grant Thornton. We also pay 125% more Inheritance Tax than in 1997. The number of higher rate tax payers has risen by 62% because thresholds have not risen quickly enough. So let no one tell me we shouldn't be making the case for lower taxes. All power to the elbow of the Taxpayers' Alliance.