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"Corbyn has not set out precisely how he would target the rich, but Labour’s 2017 manifesto pledged to impose a 45p tax rate on those earning more than £80,000 and a 50% rate above £123,000. At present, the highest income tax rate is 45% for those earning more than £150,000.
Labour would also significantly increase capital gains tax and replace inheritance tax with a “lifetime gifts” levy, with a tax-free allowance of £125,000 – less than half the current £325,000. There are also plans to increase the corporation tax rate to 26%, up from the current rate of 19%."