HERE is a simple answer to our problems - why don't we just increase the
basic income tax rate by 1p or 2p so that we can supply the necessary funds to do the following: | Education: Improve maintenance on our schools and help our headteachers to ensure that staff pay is at a level which attracts new teachers to educate our children without all the current stress.
In YouGov's poll of 20,000 people for NHS Confederation, 58% back increasing NI contributions and 48% support raising the
basic income tax rate to 21%.
The
basic income tax rate for workers would rise from 5% to 7%.
The
basic income tax rate is currently 20%, yet for most of the Thatcher years it was 29%.
He scrapped a 10 per cent surcharge on income tax (that had increased the peak
basic income tax rate to 33 per cent even before specific levies to finance education) and increased certain tax-free allowances.
ONLY a retirement age of 70, a
basic income tax rate of 37 per cent or a ten per cent slashing of public spending would get Britain's public debt under control within a decade, a think tank has concluded.
Oxfam estimated it would have lost at least pounds 2 million a year from the introduction of the lower
basic income tax rate.
Now the
basic income tax rate is 22 percent and 40 percent on anything over 29,900 [pounds sterling] (about $55,250).
But with no council tax, no VAT, no national insurance and a
basic income tax rate of 20 per cent, Falklanders get to keep a much greater share of their salaries.
In addition to the
basic income tax rate cuts, the 2001 act includes changes in joint-filer benefits and tax cuts for education savings and child care.
They are unanimous in predicting that, buoyed by strong government finances, Mr Brown will at last help the low paid by introducing Labour's long-promised 10p
basic income tax rate.
The SNP and Tories are offering to keep the
basic income tax rate on a par with the rest of the UK.
