Five years ago – that is to say in the 2020-21 tax year – there were around 4.4 million people paying the higher rate of income tax. Around 433,000 of these also paid the additional rate.

If Congress does not extend these cuts, the top tax rate will rise from 37% to 39.6%, and this higher rate will apply to lower income thresholds. This makes 2025 a critical year for tax planning ...

President Trump lowered the tax rate on corporate profits in his first term and wants those rates extended in a bill currently being debated in Congress. A perennial debate in the U.S. involves how ...

President Donald Trump said in a June 5 Truth Social post that if the “Big, Beautiful” tax and spending bill doesn’t pass, ...

For people who earn between £50,271 and £125,140, they pay 40% in income tax on that amount. This is called the “higher rate”. Then finally any income above £125,140 is taxed at 45%.

Five years ago – that is to say in the 2020-21 tax year – there were around 4.4 million people paying the higher rate of income tax. Around 433,000 of these also paid the additional rate.

During a speech, Reform UK leader Nigel Farage said the proportion of people who pay the higher rate of income tax has increased more than five-fold in half a decade. Mr Farage said: “From the ...

Five years ago – that is to say in the 2020-21 tax year – there were around 4.4 million people paying the higher rate of income tax. Around 433,000 of these also paid the additional rate.

Five years ago – that is to say in the 2020-21 tax year – there were around 4.4 million people paying the higher rate of income tax. Around 433,000 of these also paid the additional rate.

Five years ago – that is to say in the 2020-21 tax year – there were around 4.4 million people paying the higher rate of income tax. Around 433,000 of these also paid the additional rate. The last ...