If I was a Tory Chancellor, I wouldn’t abolish inheritance tax. I’d fix the ridiculous marginal rates that can exceed 70%

https://www.taxpolicy.org.uk/2023/09/24/70percent/

Why cutting 70%+ marginal rates should be a Government priority

If I was a Tory Chancellor, I wouldn’t abolish inheritance tax. I’d fix the ridiculous marginal rates that mean there are hundreds of thousands of 30-somethings paying more than 70% tax on every additional £ they earn. This is complicated, unfair and a disincentive to work; it could also plausibly b

Tax Policy Associates Ltd
@danneidle and eliminate nondoms, and adjust the top rate of tax to 50% for income above 1m.