How the income tax system has become markedly more regressive over the years.
I\’m pretty sure that it has you know.
Time was when only the rich paid income tax. Then the middle….now people working part time on minimum wage.
For the personal allowance is only ever raised in line with retail inflation (and sometimes is not raised at all). While wages of course grow, over time, faster than retail inflation.
So, over the decades, the income tax system has been reaching further and further down the income scale. So we\’ve been taxing poorer and poorer people as time goes on.
So, is there a paper out there which explores this?