Income £100,000.00 Taxable £91,450.

00

Tory Tax Rate Taxable Tax Paid % of Income

Basic Rate: 23% £31,450.00 £7,233.50
Higher Rate: 40% £60,000.00 £24,000.00
Total: £31,233.50 31.23

Labour New Rate Taxable Tax Paid % of Income

Basic 20% £15,203.00 £3,040.60
Higher Basic 27% £16,247.00 £4,386.69
Higher 41% £35,000.00 £14,350.00
Top 48% £25,000.00 £12,000.00
Total £33,777.29 33.78

Labour Old Rate Taxable Tax Paid % of Income

Starting 15% £2,000.00 £300.00
Basic 23% £15,203.00 £3,496.69
Higher Basic 28% £16,247.00 £4,549.16
Higher 42% £35,000.00 £14,700.00
Top 52% £25,000.00 £13,000.00
Total £36,045.85 36.05

Taxable (old) £93,450.00

Tax Cut

13.35

Tax Cut

6.29