This petition was submitted during the 2017-2019 parliament
Petition Standardise the tax rates for employment income with all other income sources
If you receive most income from your employment, there is a 99% chance that you are probably ‘poor’ or, at least, not part of the 1% high wealth individuals.
The wealthy avoid high employment income tax rates and instead exploit generous allowances and lower tax rates on all other forms of income.
More details
By standardising the tax rates on all forms of income, employment tax rates will fall since the disproportionate tax benefits available to the super-rich only will be reduced to create a fair tax system.
All income say, under £1m, including receipts from loans from non-UK sources and gains from share schemes, should be treated equally for tax purposes and thereafter a minimum tax rate of 10% should cap any excessive tax breaks.
Personal allowance and capital gain exemption could also be combined.
This petition is closed This petition ran for 6 months
9 signatures
Show on a map the geographical breakdown of signatures by constituency
10,000 signatures required to get a government response