Lower Rate of Income Tax

Lower Rate of Income Tax

The preferential tax treatment given to certain types of income. Lower rates of income tax are given to promote certain types of behavior. For example, capital gains are given a lower rate of income tax in order to encourage investment.
References in periodicals archive ?
I will be campaigning for a Yes vote and I will be campaigning for a lower rate of income tax in Wales.
He said the government would have "mutiny on its hands" if it went ahead with plans to abolish the 10p lower rate of income tax.
Labour MPs are especially concerned about the impact on poorer people of the abolition of the 10p lower rate of income tax.
The Prime Minister was yesterday forced to interrupt his visit to the US over claims a Labour MP was poised to resign her government post in protest at the abolition of the 10p lower rate of income tax.
CHARITIES stand to lose more than pounds 90m a year when the new lower rate of income tax is introduced next month, it was said today.
The lower rate of income tax would also motivate people to work harder, as they would pocket more of their earnings, leading to higher economic growth.
The Lib Dems' new income taxes ignore tax credits or the lower rate of income tax.
For company-car drivers, the low emissions of 124g/km equate to a tax banding of just 18pc and a monthly tax bill of just pounds 34 at the lower rate of income tax.
The Diocese of Lichfield yesterday thanked Alistair Darling for a "pounds 750,000 present" following his pledge to ensure charities do not lose out when the lower rate of income tax is introduced.
Charities will not lose out when the new lower rate of income tax is introduced next month, Chancellor Alistair Darling pledged yesterday.
Charities stand to lose more than pounds 90 million a year when the new lower rate of income tax is introduced next month, it was claimed today.
However, Brown's last-gasp, smoke-and-mirrors reduction in the lower rate of income tax from April 2008 will also reduce the credits claimed by CASCs on donations made by way of Gift Aid.
Full browser ?