Accounting Web cite a report by UHY Hacker Young that taxpayers in Durham experienced the fastest increase in income tax levels, of the top 100 UK towns/cities, in the tax year 2007/08.
The good people of Durham experienced average income tax rises of 18.5% to £4,350 for the tax year 2007/08.
The rise was in part due to a 13.1% growth in average earnings, bringing the regional average to £25K, plus fiscal drag (when the threshold at which the starting point of income tax after personal tax allowances, and also the higher rate tax threshold, are raised at a slower rate than the increase in earnings).
Fiscal drag is more commonly described as a "stealth tax".
Doubtless the residents of Durham will be raising a glass to their good fortune, most especially as they know that taxes are going to rise further this year (as and when we have a government).
Tax does have to be taxing.
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