One in five workers will be higher rate taxpayers by 2027, says IFS
Published by Michael Graves on Tue, 06/06/2023 - 7:50pmThe number of people paying income tax at 40% or above will reach 7.8 million by 2027/28, according to research published by the Institute for Fiscal Studies (IFS).
This represents one in five taxpayers and one in seven of the adult population – a near-quadrupling of the share of adults paying higher rates since the early 1990s, the IFS said.