Tax cut for over 85,000 people in York

Last week the Personal Allowance was raised for the second year in a row, meaning 85,400 people in York will get a £130 Income Tax cut and the number of the lowest paid people who have been lifted out of paying any Income Tax will reach 3,900.

Commenting, Ann Reid Dringhouses and Woodthorpe Ward Councillor, said:

“The tax system had become increasingly unfair over the last few decades, sucking more and more people into paying Income Tax. It was unfair that when Liberal Democrats came into office, millions of low-paid workers were paying a higher proportion of their income in tax than the richest were.

“The Lib Dems have set about rebalancing the tax system. From this month in York, tens of thousands of ordinary workers will get a much needed tax cut and thousands more will be lifted out of tax altogether. Furthermore, under Lib Dem pressure the coalition government is now quickly working towards raising the tax allowance to £10,000.

“At the same time, we are making sure the rich pay their fair share, by closing loopholes, introducing a tycoon tax and cracking down on tax avoidance. As we clean up the economic mess Labour left behind, it is right that the broadest shoulders bear the heaviest burdens.”

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