The PM explained how he will straighten out that wrinkle and the broader plan to eliminate P-A-Y-E tax:

John Briceno, Prime Minister
"What had happened is that when the then prime minister introduced the amendments for the income tax regime back in 2009 or 2010 I remember taking time out to work out some figures in the house to show him what he has done he has basically increased the tax on people because he said the threshold was at 26K I think 26,500 but once you reach that figure you start to pay taxes at 20K so that really wasn't doing much for people. Our plan is to eventually be able to get rid of PUYN. That's our goal, but how long will it take us that's depending on how fast the economy can go and revenues can grow because if we reduce the tax we have to get it from somewhere. So we hope that with growth we will be able to replace it so this is the first step we took it up to 29K and by doing that, anybody that's earning 29K or more, with less than 29K will pay zero tax and the ones above 29K will pay."