This petition was submitted during the 2010-2015 parliament
Petition cut income tax to the following 0% for £15k & below / 7% for £15k - £50k / 12% for £150k / 17% for £150 +
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IF WE ALL WANT THE ECONOMY TO GROW, HIGH TAXES IS NOT THE WAY TO DO IT. ALOWING PEOPLE TO HAVE MORE DISPOSABLE INCOME AND THEREFORE SPEND MORE INTO THE ECONOMY SURELY MAKES MORE SENSE, CREATING MORE JOBS, PROVIDING GOVERNMENT WITH HIGHER TAX REVENUES AND PROVIDING THE HIGHER GOVERMENT DEPARTMENT BUDGETS WE ALL WANT FOR THE SERVICES WE ALL NEED.
THERE IS PHYSICAL EVIDENCE THAT THIS STRATEGY WORKS IN MANY COUNTRIES, TAKE HONG KONG FOR AN EXAMPLE, LOW TAXES CREATED A JEWEL IN THE CROWN IN THE SOUTH EAST ASIA ECONOMY.
OR IN TEXAS WHERE THEY HAVE NO INCOME TAX AND THEIR ECONOMY IS BOOMING.
0% for £15k & below
7% for £15k - £50k
12% for £50 - £150k
17% for £150 +
This petition is closed This petition ran for 6 months
3 signatures
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10,000 signatures required to get a government response