Submitted on Friday 2nd August 2013
Published on Tuesday 6th August 2013
Current status: Closed
Closed: Wednesday 6th August 2014
Signatures: 2
Tagged with
Make Income tax progressive and fair by reducing personal allowances for earnings above 150 k (tax rate of 45%)
Smooth unfair hike on personal income tax rates (currently at 63%) for earnings above 100k due to the lost of personal alowances at a rate of 1£ per 2£ earned.
Make this hike to start above the thereshold for the additional rate of 45% (earnings above 150K) so the taxes are always progressive based on earnings and do not have this artificial and painful hike for the middle class families with a single source of income.
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