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Nick Clegg’s coming for those earning £50k or more a year

The deputy prime minister says that the Government is coming for you if you earn more than £50,000 a year.

Higher tax rates are on the way for anyone earning £50,000 or more per annum, according to Nick Clegg. In a rare show of actual coalition, the Liberal Democrats and the Conservatives are poised to come together in order to raise taxes on wealthy Brits, many of which may be interim workers such as freelancers and contractors, according to Mr Clegg’s words in a recent interview on BBC One.

The deputy prime minister also rattled some cages during the interview when he made the suggestion that the Treasury may seek to increase its revenues by tightening rules on capital gains and stamp duty tax as well, despite the traditional reticence on the part of Conservatives when it comes to increasing tax burdens on the affluent. Mr Clegg said during the interview that the Conservative party has begun to evolve in its view of how highly valuable it can be to ensure that high value properties are taxed fairly, adding that the chances that taxation increases at the top are ‘very good’ indeed.

While the government scrapped plans to institute a 50 per cent tax rate for those who earned £150,000 or more earlier this year, Mr Clegg dded that there are other plans in the works to increase the economic contributions of those Brits possessing affluence above and beyond those of the proposed mansion tax.

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