Under The Tories more and more people have been taken out of paying any tax at all, nearly 50% in fact, whilst over a quarter of all taxes raised are paid by just 300,000 people. It would be interesting to see how Jeremy's tax policies would change these figures.
The personal allowance is £ 11,000, so you pay nothing if you earn less than that. Who are these lucky people? Those on minimum wage? It depends on your age and how many hours you work.
Age 18 - 20 £5,39 per hour. Multiplied by 37.5 hours per week is £ 10, 335 per annum. So they pay no tax.
Age 21-24 £ 6.70 per hour. Calculate as above £ 12,090 per annum. They pay tax.
Age 25 plus £ 7.20 per hour. Calculate as above £ 14,040 per annum. They pay tax.
It would seem that those paying no tax are either young workers or part-time workers.
So a full time adult worker on minimum wage pays tax. If they have a family they also get top-ups; working tax credits etc. Raising the minimum wage would mean less top-ups would be needed. That would add to the governments coffers. Would companies then be less competitive because of the higher wages bill? Perhaps those at the top might a] take a pay cut or b] earn their higher salaries by finding ways to cut costs elsewhere.