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xmoneyx
10 Sep 21 12:26
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Date Joined: 12 Jul 11
| Topic/replies: 56,824 | Blogger: xmoneyx's blog
Free up 6 million people from income tax, by lifting the minimum threshold to £20,000, from £12,500 pa. This is 1 in 5 taxpayers.

Basic income tax rate stays at 20%

The less well off benefit proportionately most, saving £1,500 pa @£20,000 salary, circa £30 per week

Lift higher rate tax threshold to £70,000 from £50,000 today; flat 40% tax rate above £70,000

Lift Capital Gains Tax threshold to £20,000 from £12,300, with single 20% flat rate above

Free up 1.2 million SME’s from paying Corporation tax (over 80% of companies) by lifting the minimum threshold to £100,000. Raise rate thereafter from 19% to 20%

Cut employers NI from 13.8% to 10% under £70,000.
Pause Switch to Standard View reform party more tory than boris
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Report Foinavon September 10, 2021 1:29 PM BST
It's not difficult to be more tory than Boris, my cat is more tory than him.
The hard job for Labour is to be more socialist than him.
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