Middle classes hit by tax rises

Posted on 03 Jul 2013
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 Middle classes see steeper tax rises

Analysis of government receipts by the Telegraph shows the middle classes have seen their tax contributions rise at the fastest rate, driven by more taxpayers being drawn into making higher stamp duty, CGT and IHT payments due to fiscal drag. The paper’s Richard Dyson compares a relatively modest rise in income tax receipts (6%) under the Coalition, with those of stamp duty (80%) CGT (62%) and IHT (40%) say Harris & Co chartered accountants Northampton

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