5m will be paying higher-rate tax: Record number snared in 40% trap within next three years

5m will be paying higher-rate tax: Record number snared in 40% trap within next three years Hundreds of thousands of families who do not consider themselves wealthy are being pushed into tax band which they thought was for the well-off Worker currently qualifies for 40p rate when their salary is 42,475Salary threshold will be lowered next year to 41,450 | UPDATED: 23:50 GMT, 6 December 2012 A record five million workers will be paying higher-rate tax by 2015 – half a million more than the Treasury has predicted. The true scale of the 40 per cent tax trap was revealed yesterday by Britain’s leading economic forecaster