Submitted on Sunday 4th February 2018
Rejected on Thursday 22nd February 2018
Current status: Rejected
Rejection code: no-action (see below for details)
Lower Income Tax Rates Across All Bands
Income Taxation has been subject to controversy since it’s inception. This is greatly due to the fact that people believe they have the right to keep what they had worked for. Reducing income tax rates would do many great things such as incentivise greater work ethic and stimulate economic growth.
Statistics show us that the economy always grows following a dramatic tax cut. In 1971, the Top Rate in income Taxation was cut to 75%. Resulting in almost a 8.00% growth in GDP. The greatest growth between 1949-2011. However, in 1974 this cut was partially reversed and raised to 83%. The U.K. GDP experienced a 1% decrease. The greatest decrease since 1949. Furthermore, in 1988 the Top Rate in Income Tax was cut to 40%. Resulting in close to a 5% GDP growth. The greatest since 1971.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
Petitions need to call on the Government or Parliament to take a specific action.
We're not sure exactly what you mean by "a dramatic tax cut."
You could start a new petition explaining clearly what you would like the Government or Parliament to do. For example, you could ask for income tax to be set at a specific level for each band.
3.145.89.89 Thu, 21 Nov 2024 14:53:44 +0000
