Why are we charging high earners 40% when the rest of the world manages on just 34%? That’s 6 points higher than our peers, and all it does is punish hard work and ambition—like telling someone who’s scaled the mountain that they owe the government half their prize. We don’t need to soak the successful to make ends meet; we just need a fair shake, and cutting this down to 35% is the least they deserve.
The numbers behind the demand
Previous
40%
Tax rate when demanded
Right now
35%
Current tax rate
— delivered
What voters want
≤ 35%
Cut the rate to no higher than 35%
🎉 Delivered on Oct. 3, 2022 via the budget that passed.
Next election on 2 October 2025 (in 9 months).
Pledges (0)
🤷
No party has pledged to this demand yet.