Single rate of Income tax
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- Location: Guildford
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Single rate of Income taxI call for a single fixed rate of income tax which everyone has to pay of 30% which everyone has to pay who earns above £20,000 annually. Everyone below this threshold would pay no income tax.
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- Overlord in Training
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Re: Single rate of Income taxIn the MHoC, the current tax brackets are as follows (for income tax, and both primary and secondary NICs are scrapped):(Original post by Hewitt)
I call for a single fixed rate of income tax which everyone has to pay of 30% which everyone has to pay who earns above £20,000 annually. Everyone below this threshold would pay no income tax.
£0-10K: 0%
£10K-20K: 5%
£20K-100K: 15%
£100K+: 25%
In addition, there's also a local income tax (instead of council tax) which local authorities can levy to raise the majority of their revenue (with central grants cut from £75bn to £25bn). -
- Reputation:
- And all the roads we have to walk are winding
- Location: Eternia
Re: Single rate of Income taxIf you want this to be a petition could you state so in your OP?(Original post by Hewitt)
I call for a single fixed rate of income tax which everyone has to pay of 30% which everyone has to pay who earns above £20,000 annually. Everyone below this threshold would pay no income tax. -
- Reputation:
- Thread Starter
- Adored and Respected Member
- Location: Guildford
- Posts: 433
Re: Single rate of Income taxWell apologies I am new to this whole model House of Commons thing. Please may a moderator rename this thread.(Original post by thunder_chunky)
If you want this to be a petition could you state so in your OP?
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- Reputation:
- And all the roads we have to walk are winding
- Location: Eternia
Re: Single rate of Income taxIt's fine. I don't think a Mod needs to do it you can edit your own posts.(Original post by Hewitt)
Well apologies I am new to this whole model House of Commons thing. Please may a moderator rename this thread.
