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We will also make taxes fairer
We will also make taxes fairer – cutting costs for most people. At present, people on low incomes or in old age have to pay a higher proportion of their income in taxes and government charges than those who are much better off. That cannot be right. Today, under Labour, the poorest 20 per cent of the population pay 38 per cent of their income in tax, compared with just 35 per cent for the richest 20 per cent. That is unfair. Three of our key policies will create a fairer distribution of the costs of public services*: