HERE is my proposal for income tax.
Each tax range to start with is £15,000 and at an additional 5p in the £. For example: First £5,000 is free from income tax, which should therefore include most low paid workers.
£5,000 to £20,000 @ 15p in the £
£20,000 to £35,000 @ 20p in the £
£35,000 to £50,000 @ 25p in the £
£50,000 to £65,000 @ 30p in the £
£65,000 to £80,000 @ 35p in the £
£80,000 to £95,000 @ 40p in the £
£95,000 to £110,000 @ 45p in the £
£110,000 to £250,000 @ 50p in the £
£250,000 to £500,000 @ 55p in the £
£500,000 to £1,000,000 @60p in the £.
Over £1 million per annum, 65p in the £.
In return, scrap Inheritance Tax altogether.
RICHARD F. GRANT Burley
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article