Submitted by James Sushant Varma Bond on Thursday 28th November 2024
Published on Wednesday 15th January 2025
Current status: Closed
Closed: Tuesday 15th July 2025
Signatures: 28
Relevant Departments
Tagged with
2023 ~ Benefits ~ Create ~ Employers ~ Equal ~ paying ~ Personality ~ Population ~ Reduced ~ RISE ~ split ~ Tax ~ tax breaks ~ UK population ~ wage rise ~ Wages ~ Wealth ~ Years
Give employers tax breaks on wages
Many people have had no real-terms wage rise for years. The UK population in 2023 was 68.3 million. If I gave each person £1 what good would it do? If I split that among 100 entrepreneurs I believe they'd create wealth which could benefit all.
I propose we give employers tax breaks on employees wages so that employers' tax would be reduced by an amount equal to the wages they paid. I believe the ripple effect of tax breaks on employee wages would lead to more wealth & prosperity. I think it's better to have a large number of people paying a small amount of tax than one person paying a lot.
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