Raising thresholds at which people pay tax means.

Question

Quizplus · Accepted Answer

Raising thresholds at which people pay tax means that the level of earnings before anyone pays tax rises. This means that people can earn more before they start to pay tax, which can provide them with more disposable income. It may also help to reduce the tax burden on low and middle-income earners. It does not necessarily mean that people will pay more in indirect taxes, and it may not necessarily lead to an increase in the level of tax paid by high earners. It also does not mean that the level of earning before anyone pays tax falls.

Raising Thresholds at Which People Pay Tax Means