This petition was submitted during the 2010-2015 parliament
Petition Stop the 60% income tax rate
More details
Labour introduced a very unfair method of taxation that the Coalition conveniently ignored to reform. From £100,000 of earnings, £1 of personal allowance is lost for every £2 earned, which results in double taxation. With a £10,000 allowance, this means an effective 60% tax band exists in Britain between £100,000 and £120,000. As Allowance is raised, the band is growing. As 40% band is accordingly lowered, the ones in the band are hit by doube whammy. Let's reform this ridiculous double taxation.
This petition is closed This petition ran for 12 months
18 signatures
Show on a map the geographical breakdown of signatures by constituency
10,000 signatures required to get a government response