Submitted on Wednesday 31st August 2011
Rejected on Wednesday 21st June 2017
Current status: Rejected
Rejection code: duplicate (see below for details)
Income Tax: A Flat Rate For All [100,000 signatures needed]
Our current income tax system is in dire need of simplification. I propose replacing this with a single flat rate tax for all.
The current system creates a psychological barrier for low earners: they work up to the tax threshold, but no more.
At the opposite end of the scale, having a 40-50% tax rate for high earners encourages those in this group to seek professional advice to reduce their tax bills: they exploit loopholes and end up paying less tax than the rest of society.
By its very nature, a flat-percentage tax system is fair to all: the more you earn, the more you pay.
Savings will be made by reducing the cost of administering the system, and by closing loopholes, a greater amount of tax revenue will be collected.
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The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
18.119.117.231 Thu, 14 Nov 2024 13:38:36 +0000
