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flag More UK taxpayers are pushed into higher tax brackets due to frozen thresholds and rising wages.

flag The number of UK taxpayers paying higher income tax rates has surged by 15.3% to 5.1 million, due to frozen income tax thresholds and rising wages. flag This means more people are pushed into higher tax brackets. flag Higher-rate taxpayers now make up 15% of all taxpayers and contribute 35% of the total income tax revenue. flag The tax threshold freeze, which will continue until 2028, is expected to push even more people into higher tax rates as their earnings increase.

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