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The $100K Tax Trap Explained | Leeds News
By 2031, up to 2.3 million taxpayers could fall into the “$100K tax trap” as frozen tax thresholds since 2010 leave millions losing 62 cents of every extra dollar earned between $100K and $125K. This squeeze affects senior teachers, newly promoted doctors, and career climbers—forcing many to rethink their paths. While the government defends the freeze as protecting paychecks and funding public services, critics say it’s stifling growth and mismatched with today’s rising incomes and inflation. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on…
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