Submitted on Wednesday 19th February 2014
Published on Thursday 20th February 2014
Current status: Closed
Closed: Friday 20th February 2015
Signatures: 23
Tagged with
Individuals ~ remain ~ Tax
Link The Personal Income Allowance to Minimum Wage
Make a direct link between the minimum wage and the personal income allowance, using the simple calculation of average working hours multiplied by the minimum wage.
For example - 40 hours per week x £6.31 x 52 weeks per year = £13,125
Going forward, the personal allowance would increase as the minimum wage increases based on the calculation above.
This simple calculation and link would ensure that those on minimum wage are lifted out of tax and remain so. The simplicity would also make it easy for individuals to know if they will be liable for tax or not.
You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!
18.221.217.100 Thu, 26 Dec 2024 18:05:57 +0000
