Petition Change income tax to introduce more income brackets
Review and adjust the current income tax bracket structure to introduce additional income levels that more accurately reflect the modern income distribution. We currently have 3 tax brackets – we believe the variance in range at each level means that it is not fit for purpose.
More details
The current system was designed decades ago, based on historical income data and economic structures that have since evolved. Over time, income inequality and wage growth have changed, but the tax brackets have not. We believe this means we have low to medium earners being over taxed and high earners being under taxed.
Tax % Earnings threshold as follows:
5% 14,000.00
10% 20,000.00
15% 30,000.00
20% 45,000.00
25% 60,000.00
30% 75,000.00
35% 85,000.00
40% 130,000.00
45% 200,000.00
50% 300,000.00
49 signatures
Show on a map the geographical breakdown of signatures by constituency
10,000 signatures required to get a government response
At 10,000 signatures...
At 10,000 signatures, government will respond to this petition
At 100,000 signatures...
At 100,000 signatures, this petition will be considered for debate in Parliament