Will the UK increase the personal income tax rate before 2025? | Manifold

Will the UK increase the personal income tax rate before 2025?

Plus

14

Ṁ16k

Jan 1

1.5%

chance

1D

1W

1M

ALL

Any change to personal income taxes that would yield higher taxes for some income levels would be sufficient to resolve yes (even if the tax rate would be lowered for other income levels).

Fine print: For the purposes of this question, only the tax rate for England, Northern Ireland, and Wales is considered and only income after personal allowances is considered. A tax increase after a tax decrease would still resolve yes. The tax rate considered is the regular income tax + National Insurance.

Here's the data for the last few years:

Related market:

#UK policies by the next election

#UK economic data

Get

1,000

and

1.00

Sort by:

bought Ṁ50 NO

Are you only considering income tax rather than the elements of National Insurance which are a tax on income?

Will this resolve to YES if NI is reduced/abolished and income tax goes up to make up for it?

@SimonGrayson No, I think that NI should be included in what is considered the income tax and thus the tax rate should be: regular income tax + NI. I'll clarify in the description.

Related questions

Will the UK increase the personal income tax rate before 2026?

Will a raise to the top capital gains tax rate be enacted in 2025?

Will the UK £100k 'tax trap' be scrapped by the 2025 Tax year?

Will Labour introduce a wealth tax?

🏛💸Capital Gains Tax Increase Before 2025?

Will the UK Government raise corporation tax by more than 1pp compared to expected levels before the next election? (Including by stealth raises)

Will the UK introduce a wealth tax before 1 Jan 2025

In the UK, will the tax burden on any decile increase by more than 1pp against what was expected, before the next election?

Will the UK decrease its aid spending commitment before the next election?

Will there be a global wealth or income tax by 2035?

Related questions

Will the UK increase the personal income tax rate before 2026?

Will the UK Government raise corporation tax by more than 1pp compared to expected levels before the next election? (Including by stealth raises)

Will a raise to the top capital gains tax rate be enacted in 2025?

Will the UK introduce a wealth tax before 1 Jan 2025

Will the UK £100k 'tax trap' be scrapped by the 2025 Tax year?

In the UK, will the tax burden on any decile increase by more than 1pp against what was expected, before the next election?

Will Labour introduce a wealth tax?

Will the UK decrease its aid spending commitment before the next election?

🏛💸Capital Gains Tax Increase Before 2025?

Will there be a global wealth or income tax by 2035?

Terms & Conditions•Privacy Policy•Sweepstakes Rules