Submitted on Thursday 4th August 2011
Published on Monday 15th August 2011
Current status: Closed
Closed: Wednesday 15th August 2012
Signatures: 8
Tagged with
income tax ~ Money ~ Tax
Income tax
I would like you to look into a flat rate income tax of 10p for every person in the country & I mean everybody including prisoners, unemployed, super markets and big companies. Businesses will pay 10p on turn over and taxpayers 10p on gross income. The only allowance being the salary bill of employers.This way everybody pays their bit and it not only makes tax returns simple but it will also prevent the big corporations buying land or buildings to avoid paying tax.In addition it will allow lower paid workers to have more money in their wages to spend and help to get the country moving again.
After 2 years you should see an increase in tax collected and a decrease in tax inspectors required allowing them to be reassigned to the collection of VAT.
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