Have your say on government e-petitions

Retain the current tax brackets

Submitted on Friday 9th December 2011

Published on Friday 9th December 2011

Current status: Closed

Closed: Sunday 9th December 2012

Signatures: 1

Tagged with

income tax ~ Individuals ~ Money ~ Tax ~ UK ~ United Kingdom

Petition Action

Retain the current tax brackets

Additional Information

We the petitioners call on the government to retain the current brackets for income tax in the United Kingdom (UK).

We believe that the 50% top tax rate is necessary and should not be lowered or abolished, because the money raised is crucial for the government, particularly in such times of austerity, and that wealthier individuals can afford to pay such a rate.

We also accept that the 50% rate should not be increased, and that such a move would be counter productive and unsustainable, as it would cause a lot of wealth to leave the UK.

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