Income tax to apply only from £50,000pa with a Maximum Income Level of £300,000

Income tax to apply only from £50,000pa with a Maximum Income Level of £300,000 — 9 signatures. Status: open.

Petition background

We would like the current tax band system in this country to be replaced by a system where tax is calculated from a starting income of £50,000, rising to a maximum income figure of around £300,000 per annum - any income above this amount being taxed at 100% in order to set a 'maximum income'.

Additional details

We feel that there have been years of gross inequity in Britain, which have promoted a tax system that seems designed to make the divide between rich and poor increase exponentially.

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