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Taxation.

Comment 2nd July 2010

Tax every taxpayer initially at the rate of 5% p.a. on their first £20,000.00 of income. Then charge tax at 30% on £20,001.00 to £40,000. Then tax at rate of 60% for income above £40,000.00 per annum.

Why does this matter?

The above tax rates would help considerably, and fairly, the people who really require assistance and would give lower earners more money to allow them to "live", and not just to "exist" as at present.  The higher earners and rich people would have to contribute more, and quite right too, to the state. Then the very wide gap between "rich and poor" would reduce.


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