Create a rising tax rate system and set an effective maximum income level
We would like the current tax band system in this country to be abolished, in favour of a formulaic system, where tax is calculated from a starting income of £45,000, rising to a maximum income figure of around £250,000.
Rachel Reeves
Chancellor
Similar motions
Introduce a new 30% tax rate for income earnings between £50,271 - £100,000
Abolish the effective Tax rate of 60% on income between £100,000 and £125,140
End the freeze on income tax thresholds & adjust annually, indexed to inflation
Reduce income tax rate for parents
Apply an income tax rate of 99% to MPs' additional incomes
Create a rising tax rate system and set an effective maximum income level
We would like the current tax band system in this country to be abolished, in favour of a formulaic system, where tax is calculated from a starting income of £45,000, rising to a maximum income figure of around £250,000.
Similar motions
Introduce a new 30% tax rate for income earnings between £50,271 - £100,000
Abolish the effective Tax rate of 60% on income between £100,000 and £125,140
End the freeze on income tax thresholds & adjust annually, indexed to inflation
Reduce income tax rate for parents
Apply an income tax rate of 99% to MPs' additional incomes