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Pensioners Pay More as Tax Allowance Stalls | Leeds News
Pensioners are paying record taxes as fiscal drag pushes more retirees into higher brackets — a growing outcry is demanding the personal tax allowance be raised to $18,000, with a petition nearing 100,000 signatures to force a Commons debate. With the current threshold set to be surpassed by full pensioners next year, critics say the system is unfair — minimum wage earners may soon pay taxes while high earners dodge them. The Treasury warns raising the allowance would slash vital public funding, including a fifth of the NHS budget, but supporters argue it’s time to ease the burden on those…
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