"Income Tax" is trending

Popular tweets on "Income Tax".

Pippa Crerar
🚨Kwasi Kwarteng announces govt is scrapping 45p additional rate of income tax - paid by richest 629,000 who earn more than £150,000. An unashamed budget for the rich.
23 Sep, 09:02 AM UTC
Ben Kentish
Very difficult now for ministers to argue that giving doctors, teachers, nurses and police officers a bigger pay rise would be inflationary, while giving those earning £150,000+ a huge income tax cut.
23 Sep, 09:26 AM UTC
FYI, #Canada: If you're middle income or below, you barely pay any Federal income tax. Pierre Poilievre's promise to give you an invisible tax cut (on income you don't make) is about as cynical as it gets. He'll hammer you w/ service cuts to give corps another tax cut. #CdnPoli
22 Sep, 04:41 PM UTC
Richard Murphy
So, now the rabbit out of the hat: the top rate of income tax is removed. An income tax only for those earning over £150,000 a year. A 5% saving for them. A 1% cut for everyone else
23 Sep, 09:00 AM UTC
Laura Kuenssberg Translator
BREAKING: The government has decided the best way to address the skyrocketing inequality is to ensure rich people pay much less income tax and then blame refugees when everything goes tits up x
23 Sep, 10:08 AM UTC
Richard Burgon MP
In the middle of the biggest fall in living standards in decades, the Chancellor has prioritised scrapping the higher income tax rate for those who earn more than £150,000.
23 Sep, 09:25 AM UTC
Paul Brand
Budget massively benefits the rich. - Millionaires pay same income tax rate as those on £50k. - Bankers can earn unlimited bonuses. - Big business owners face lower corporation tax than expected. But govt is happy to lean into this - determined it’ll boost growth for all.
23 Sep, 09:07 AM UTC
Nick Leaf
Trudeau raised payroll, alcohol and carbon taxes three times during the pandemic. Canadians making more than $40,000 saw their federal income tax bills go up due higher payroll taxes. Trudeau hates Middle Class. #TrudeauHasGotToGo #TrudeauMostGo
22 Sep, 11:32 PM UTC
Parody Liz Truss
I would like to explain the reason we've just cut the top rate of income tax is because we don't care about the effect this will have on ordinary people.
23 Sep, 10:04 AM UTC
Evolve Politics
Chancellor Kwasi Kwarteng has just entirely scrapped the 45% rate of income tax. This is the highest rate that only the very wealthiest - those earning over £150k a year - have to pay. The Tories are literally just looting the country and handing it straight to the rich now.
23 Sep, 09:47 AM UTC
Stephen Kerr MSP
Reports that the SNP could increase Scottish taxes further are extremely worrying. We already pay more income tax, if the gap gets wider we'll find it very difficult to attract people and businesses to Scotland.
23 Sep, 06:50 AM UTC
So Kwasi Kwarteng is cracking down on Universal Credit claimants and reducing the higher income tax rate for people on over 150K. What utter bastards these Tories are.
23 Sep, 09:32 AM UTC
Jim Pickard
stat of the day: - the reductions in income tax mean that an individual earning £200,000 stands to make annual tax savings of nearly £4,500 in 2023-24 compared with 2022-23 - a worker on a salary of £20,000 will save £218.
23 Sep, 10:25 AM UTC
HM Treasury
From April 2023 the basic rate of Income Tax will be cut from 20p to 19p, helping working families keep more of their hard-earned cash. We will also abolish the 45p additional rate completely to attract global talent and incentivise enterprise. @hmtreasury's photo on Income Tax
23 Sep, 08:59 AM UTC
Shreya Nanda
Here's a chart showing the share of workers who'll benefit from the Chancellor's cut in the top rate of income tax https://t.co/Mjah7y8gDw
23 Sep, 09:07 AM UTC
Paul Brand
Govt will point to cut to basic rate of income tax as helping lower/middle paid too. But saving 1% on £30k salary doesn’t compare to saving 5% on £150k+ salary. Govt risks exacerbating inequality, but again embraces idea that it’s not about slicing up pie it’s about growing it.
23 Sep, 09:09 AM UTC
Prem Sikka
Mini Budget. Govt to cut basic rate of income tax by 1p from April 2023. Will do nothing for 21m adults surviving on less than £21.570. No increase in tax free personal allowances.
23 Sep, 09:02 AM UTC
sandieshoes 🇬🇧🇺🇸
Kwarteng. The basic rate of income tax to be cut to 19pc in April 2023, that's one year early. A tax cut for over 31m people. "That means we will have one of the most competitive and pro-growth income tax systems in the world."
23 Sep, 09:22 AM UTC
Martin Lewis
NEW. What will you take home from November when National Insurance is cut by 1.25% points. Our income tax calc has the new figures... https://t.co/34c8bFKbbj
23 Sep, 10:13 AM UTC
Bloomberg UK
BREAKING: The government will abolish the 45% additional rate of income tax for the UK's highest earners, says Chancellor Kwasi Kwarteng The basic rate will be cut from 20% to 19% in April, a year earlier than had been planned https://t.co/ltTy3MUtXY @BloombergUK's photo on Income Tax
23 Sep, 09:20 AM UTC
Michael Blackley
Cutting the basic rate of income tax to 19p and abolishing the top rate will result in £460 million of extra funding for the Scottish Government. Will it follow the move, or is the tax gap set to massively grow?
23 Sep, 09:05 AM UTC
I’m not against income tax cuts at all (as you all know), but why is nobody taxing unearned wealth and excessive profiteering?
23 Sep, 09:09 AM UTC
Sky News
Mini-budget: Income tax cut by a penny for all as higher rate of tax abolished https://t.co/qC2GC2la4u
23 Sep, 09:04 AM UTC
Dan Bloom
NEW: Abolishing the 45p top rate of Income Tax will help just 660,000 people - among the richest in the UK Officials have suggested they will gain an average of £10,000 a year EACH. (This almost seems too huge to be true, we're querying it.) https://t.co/nEFW3T5u6U
23 Sep, 10:18 AM UTC
Will expand on this in the second video today, but my initial thoughts on what Kwarteng said about removing the upper rate of income tax for the rich. https://t.co/v5cfBuyNjc
23 Sep, 10:41 AM UTC
Steve Sturgess
"Everybody is getting a tax cut". 45% of the population do not pay income tax. #politicslive
23 Sep, 09:55 AM UTC
Breaking News
🚨NEW: UK Tax cuts include reducing basic income tax level to 19% https://t.co/2AAGnVaXP3
23 Sep, 10:09 AM UTC
Conor Matchett
UK Treasury estimates the Scottish Government will receive an extra £600m between now and March due to the changes to income tax and stamp duty in England. @conor_matchett's photo on Income Tax
23 Sep, 10:31 AM UTC
Sebastian Jack
@CharlotteCGill Because a flat rate of tax is actually the fairest method of income tax. People earning more will then be paying a larger amount even if the rate is the same. Having a higher rate the more you earn merely punishes and thereby discourages success.
23 Sep, 10:00 AM UTC
Saima Mohsin
Kwasi Kwarteng “mini” budget *increase in corporation tax "cancelled" *cap on bankers' bonuses to go *45% top rate of income tax "abolished" *Meanwhile more people on Universal Credit to be forced to take extra steps to earn more money or face having their benefits reduced
23 Sep, 10:33 AM UTC