Submitted on Friday 13th January 2012
Published on Thursday 19th January 2012
Current status: Closed
Closed: Saturday 19th January 2013
Signatures: 2
Tagged with
Britain ~ income tax ~ Tax
Change tax threshold system
Stop taxing middle income families on every pound earnt over £35k at the same 40% rate as that earnt up to £150k by higher income families, as in todays Britain living on say £50k is a totally different situation to say £90k but the government does not acknowledge that with the current Income Tax Thresholds.
New Proposal:
Salary Income Tax
0- £40,000 20%
£40,001 - £75,000 30%
£75,001 - £110,000 40%
£110,001 - 150,000 45%
£150,000+ 50%
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