britain’s
pernicious
tax rate.
The marginal effective tax rate for a parent earning £100,001 can reach up to 20,000%. This is wrong.
the fix: axe the tax trap on working parents
kickstart.
tax receipt · £100,001
one extra pound earned+£1.00
tax & childcare support lost−£20,000
effective tax rate on that pound
20,000%
Tax Policy Associates