Submitted on Tuesday 16th August 2011
Published on Monday 22nd August 2011
Current status: Closed
Closed: Wednesday 22nd August 2012
Signatures: 3
Increase capital gains tax/50p rate & increase the personal tax free allowance to £17,500
I propose a two step tax receipt neutral plan to not only encourage those on benefits to get into work, but ease the financial burden on the currently pressed working & middle classes.
By increasing the tax free allowance to £17,500 it would ease the hardship of the workers of the UK.
The increase in capital gains tax & the higher rate would be put to such a level to allow this reduction in the tax free allowance.
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