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Job Creation through Tax Scale Incentives:

Submitted on Saturday 5th May 2012

Published on Tuesday 8th May 2012

Current status: Closed

Closed: Wednesday 8th May 2013

Signatures: 3

Tagged with

Tax

Petition Action

Job Creation through Tax Scale Incentives:

Additional Information

Tax from 50% to 45%? The reason for this is to attract wealthier people into our country. The idea is that the wealthy will invest more in the country and create more jobs. Sadly, this isn't always the case.

My Proposal: (Numbers not concrete, but only to highlight the principle - I'll leave the maths to Mr. George Osbourne)
1./ Raise High Earnings Tax to 65%
2./ Target High Earners to Employ People
3./ If High Earners hit the Target they only get taxed 40%
4./ If High Earners go above and beyond their target there would be a sliding scale to as low as 20% tax

You can see why it would be good for high earners to set up a payroll for:- Gardeners, Maids, Small Enterprises – they cannot lose, they would be reaping the benefit of extra services through who they employ and also a lower tax. The extra jobs created would pay for the tax cuts.


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