Submitted on Saturday 6th August 2011
Published on Monday 8th August 2011
Current status: Closed
Closed: Wednesday 8th August 2012
Signatures: 34
Tagged with
Child ~ income tax ~ Pensions ~ Tax
Citizen's Income to replace income benefits, tax allowances, and pensions
A Citizen’s Income (CI) is an unconditional, automatic and non-withdrawable payment to each individual as a right of citizenship.
(A Citizen’s Income is sometimes called a Basic Income (BI), a Universal Grant, or a Universal Benefit)
A Citizen’s Income scheme would phase out as many reliefs and allowances against personal income tax and as many existing state financed cash benefits as possible, and replace them with a Citizen’s Income paid automatically to every man, woman and child.
A Citizen’s Income scheme would co-ordinate the income tax and benefits systems. A single government agency would credit the Citizen’s Incomes automatically and recoup the cost via income tax levied on all income rather than running separate systems of means testing, benefit withdrawal, and taxation. Instead of different rules for claimants and taxpayers, everybody would be treated alike.
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